Varroc Engineering’s board approved the unaudited standalone financial results for Q3 2026, reporting a profit of ₹320.89 million. The board also approved exercising the call option on 25,000 debentures and amendments to regulatory policies. Key appointments include changes to the Audit Committee and the Nomination & Remuneration Committee. The company also detailed ongoing arbitration and GST-related matters.
Financial Performance Highlights
Varroc Engineering announced its unaudited standalone financial results for the quarter ended December 31, 2025 (Q3 2026). Key financial figures include:
- Revenue from operations: ₹21,151.59 million
- Other income: ₹29.87 million
- Profit before tax: ₹410.51 million
- Tax expense: ₹89.62 million
- Profit for the period: ₹320.89 million
Basic and diluted earnings per share stood at ₹2.10.
Debenture Call Option
The Board approved exercising the call option on 25,000 rated, listed, senior, secured, redeemable, taxable, and transferable Non-Convertible Debentures with a face value of ₹1,00,000 each. Allotment date was September 7, 2023, with a scheduled maturity on September 7, 2028.
Committee Reconstitution
The Board also approved the reconstitution of the Audit Committee and the Nomination & Remuneration Committee:
Audit Committee:
- Mr. Vinish Kathuria (Chairman)
- Mrs. Liselott Kilaas (Member)
- Mr. Akshay Chudasama (Member)
Nomination & Remuneration Committee:
- Mr. Akshay Chudasama (Chairman)
- Mrs. Liselott Kilaas (Member)
- Mr. Vinish Kathuria (Member)
Ongoing Legal Matters
The company is currently involved in arbitration proceedings initiated by TYC Parties related to a Transition Management Agreement. Additionally, there are ongoing disputes regarding GST orders, which the company is contesting through appellate proceedings.
Source: BSE
