According to the filing with stock exchanges, Varroc Engineering Limited has confirmed no fund-raising activities during the quarter ended December 31, 2025. The automotive component manufacturer submitted its mandatory quarterly compliance statement under SEBI Listing Regulations 32 and 52(7) on January 2, 2026, demonstrating adherence to regulatory requirements and transparent financial reporting standards.
As reported in the compliance filing, the company confirmed proper utilization of ₹50.00 crore raised through Commercial Paper in Q2FY26. The proceeds were utilized entirely for purposes stated in the offer document and General Information Document, with no deviation or variation from the original objectives. This demonstrates disciplined capital allocation and adherence to investor commitments.
According to the submission made in accordance with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, Company Secretary and Compliance Officer Anil Ghatiya signed the compliance certificate. The filing confirms no shareholder approval was required for fund utilization changes, no audit committee comments were necessary due to proper fund usage, and no auditor remarks were made on fund utilization practices.
As evidenced by the timely submission of the NIL deviation statement, Varroc Engineering maintains high corporate governance standards in the competitive automotive components sector. The proactive compliance approach ensures investor confidence and regulatory adherence across all fund-raising activities, reinforcing the company's track record of responsible financial management and transparent reporting practices.
