Varroc Engineering Limited has confirmed that there was no issue or fund-raising activity during the quarter ended June 30, 2026 (Q1 FY 2026-27). The company submitted a statement of NIL deviation(s) or variation(s) in the utilization of issue proceeds, as required by SEBI regulations. This disclosure provides transparency regarding the company’s financial activities and adherence to regulatory compliance for the reporting period.
Varroc Engineering Confirms No Fundraising Activity
Varroc Engineering Limited has officially communicated that its operations during the first quarter of the financial year 2026-27 (ending June 30, 2026) did not involve any new fund-raising initiatives. This confirmation is in accordance with the requirements stipulated by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements) Regulations, 2015.
Statement of NIL Deviation in Fund Utilization
Furthermore, the company has submitted a detailed statement confirming NIL deviation(s) or variation(s) in the utilization of previously raised issue proceeds. This statement addresses Regulation 32 and 52(7) of the SEBI Listing Regulations and was prepared in the format prescribed by SEBI Circular No. CIR/CFD/CMD1/162/2019, dated December 24, 2019. The enclosed Annexure A provides the specific details for the quarters ended June 30, 2026, reinforcing the company’s compliance and transparency in its financial management.
Source: BSE
