Varroc Engineering Limited confirmed the timely payment of both outstanding interest and the full principal amount for its 8.6% Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). This action was executed following the exercise of the call option for early redemption on March 6, 2026. The total principal redeemed amounted to Rs. 1,71,87,50,000/-, with the final interest payment clearing all dues up to the redemption date.
Confirmation of Debt Servicing and Early Redemption
Varroc Engineering Limited has formally notified stock exchanges regarding the completion of obligations pertaining to its outstanding debt securities. The company exercised the call option for the early redemption of the 8.6% NCDs (ISIN: INE665L07040), originally issued via private placement with a face value of Rs. 1,00,000/- per unit.
The notification confirms the timely payment of both the accrued interest and the full redemption of the principal amount due to the Debenture Holder. The redemption date due to the call option was officially set for March 7, 2026, with the record date being February 13, 2026.
Interest Payment Details
The interest payment cycle was scheduled quarterly. Key dates and figures for the final interest settlement are as follows:
- Interest Amount Paid: Rs. 3,64,46,917.81/-
- Actual Interest Payment Date: March 6, 2026 (one day prior to the due date of 07/03/2026).
- Last Interest Payment Date: December 5, 2025.
The interest payment covered all accrued amounts up to the date the call option was exercised, ensuring all interest obligations were cleared alongside the principal repayment.
Redemption Payment Summary
The redemption was executed as a Full Redemption by exercising the mandatory call option specified in the issue terms. The financial summary for the redemption is:
- Redemption Type: Full Redemption by way of exercising Call Option.
- Amount Redeemed (Principal): Rs. 1,71,87,50,000/- (equivalent to Rs. 171.88 Crores).
- Redemption Due Date: March 7, 2026.
- Last Interest Payment Date Prior to Redemption: December 5, 2025.
The company provided the specific RTGS transaction details for both the interest (Rs. 3,64,46,917.81/-) and the principal redemption (Rs. 1,71,87,50,000/-) for transparency in the final settlement process.
Source: BSE
