Varroc Engineering Limited has successfully issued and allotted Commercial Paper (CP) worth ₹50 crores. The instrument, with ISIN INE665L14459, carries a tenure of 30 days and matures on August 21, 2026. The issuance, with an interest rate of 7.20%, is part of the company’s short-term funding strategy and is currently being processed for listing on the National Stock Exchange of India Limited.
Commercial Paper Issuance Details
Varroc Engineering Limited announced today, July 22, 2026, that it has successfully issued and allotted Commercial Paper (CP) aggregating to an amount of ₹50 crores. This issuance is in compliance with SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, and other applicable regulations.
Key Instrument Specifications
The details of the Commercial Paper are as follows:
- ISIN: INE665L14459
- Issue Size: ₹50 Crores
- Issue Price: ₹4,97,058.5/-
- Face Value per Security: ₹5,00,000/-
- No. of Units: 1000
- Tenure of the instrument: 30 days
- Date of Allotment: July 22, 2026
- Date of Maturity: August 21, 2026
- Coupon/interest offered/ discount Rate: 7.20%
- Schedule of payment of interest: Upfront
- Schedule of payment of principal amount: Payment on maturity
- Security: Unsecured
- Issued in favor of: Kotak Mahindra Bank Limited
- Name of IPA: ICICI Bank Limited
Listing and Approval Status
The Commercial Paper is proposed to be listed on the National Stock Exchange of India Limited and the BSE Limited. The company is currently in the process of obtaining the necessary listing approval from the National Stock Exchange of India Limited and is awaiting the same.
The announcement was made by Anil Ghatiya, Company Secretary & Compliance Officer of Varroc Engineering Limited.
Source: BSE
