Varroc Engineering Limited has formally announced the resignation of Mr. Fritz Abraham, Chief Technical Officer (CTO), who is designated as a Senior Managerial Personnel (SMP). Mr. Abraham’s resignation, citing personal reasons, will be effective from the close of business hours on March 27, 2026. The company confirmed receiving the notice dated July 30, 2025, and has initiated the process to find a suitable successor, expected to join in Q2 of FY 2026-27.
Cessation of Senior Management Role
Varroc Engineering Limited has disclosed the departure of a key executive, Mr. Fritz Abraham, who held the position of Chief Technical Officer (CTO) and was classified as Senior Managerial Personnel (SMP). The official intimation confirms that Mr. Abraham has tendered his resignation, with the cessation of his role effective from the close of business on March 27, 2026.
Details of Resignation
The resignation was formalized via a letter dated July 30, 2025, though the effective date aligns closely with the end of the current fiscal year, March 31, 2026, as mutually agreed between the departing executive and the company. The stated primary reason for the decision is personal reasons, further detailed in the resignation correspondence as family medical reasons requiring a move back to Austria.
Succession Planning Update
To ensure continuity of operations, the company has confirmed that a suitable candidate to replace Mr. Abraham has already been identified. This successor is anticipated to commence duties during the second quarter (Q2) of the Financial Year 2026-27. Further necessary disclosures regarding the new appointment will be made upon the successful joining of the incoming executive.
Compliance and Record Keeping
The announcement serves as compliance with material disclosure requirements, confirming that the details regarding the cessation, including the effective date of March 27, 2026, have been provided to the stock exchanges and placed on the company’s official website for public transparency.
Source: BSE
