Varroc Engineering Limited — Others, 04-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Varroc Polymer Limited, a wholly-owned subsidiary of Varroc Engineering Limited, has received an Order-In-Original from the Commercial Tax Officer regarding the classification of goods supplied between July 2017 and September 2023, confirming a demand of ₹0.28 crore along with interest and penalty. The company plans to initiate legal proceedings in response, aiming for a favorable resolution. Management believes this order will not significantly affect the company's financial standing, reflecting an optimistic stance despite industry-wide implications. Investors might view this as a neutral impact, with legal actions taken to safeguard interests.