Varroc Engineering Limited — Others, 03-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Varroc Engineering Limited has confirmed that it fully utilized the ₹50 Crore raised through a Commercial Paper in Q3 FY 2024-25 for the stated purposes in its offer document, with no deviations or variations reported. There have been no other fundraising activities during the quarter ended December 31, 2024. This transparency regarding fund utilization reaffirms the company's commitment to its financial strategy, which could enhance investor confidence. Overall, this clarity on fund usage presents a positive outlook for stakeholders, reflecting disciplined financial management.