Varroc Engineering provided an update on the legal claim initiated by its step-down subsidiary, Varroc Electronics Romania S.R.L. (VeR), against Opmobility Lighting Holding (OP Mobility). The matter, currently before the Paris Court of Appeal, involves an original claim of EURO 76 million lodged by VeR. OP Mobility has simultaneously filed an appeal and counterclaim in the ongoing commercial dispute.
Disclosure Regarding Subsidiary Litigation
This communication serves as an update regarding the outstanding claim involving Varroc Engineering’s step-down subsidiary, Varroc Electronics Romania S.R.L. (“VeR”), and its opposing party, Opmobility Lighting Holding (“OP Mobility”). OP Mobility is a private limited liability company incorporated under the laws of France.
Details of the Legal Proceedings
The initial claim was filed by VeR against OP Mobility before the Paris Commercial Court. Subsequently, VeR filed an appeal against that initial judgement before the Paris Court of Appeal (“the Court”).
Quantum of Claims and Counterclaims
- VeR is currently seeking a claim totaling EURO 76 million plus other costs in its appeal to the Paris Court of Appeal.
- Meanwhile, OP Mobility has also filed its own appeal and counterclaim against VeR.
- The details indicate a current claim value of Euro 39.16 million plus legal and other costs against the original claim amount lodged by VeR.
Expected Financial Impact
The financial implications, if any, resulting from these proceedings are presently unknown and will depend entirely on the final outcome of the judicial process. The Company confirms it is actively evaluating the matter, exploring all necessary legal and contractual remedies, and intends to pursue further steps to safeguard its interests.
This information has been made public on March 20, 2026, and is available on the company website for transparency.
Source: BSE
