Varroc Engineering Limited — Others, 18-12-2024: Shareholders meeting

Varroc Engineering Limited has announced the appointment of Mr. Vidyadhar Madhukar Limaye as a Whole Time Director, effective from November 13, 2024, following a special resolution passed via postal ballot. Mr. Limaye's term will last for three years with a remuneration package including a monthly basic salary ranging between ₹4,00,000 to ₹8,00,000, various allowances, and a potential annual variable pay of up to 20% based on performance. The strong support for his appointment, with 99.03% of votes in favor, reflects positive sentiment among shareholders, positioning the company for strategic growth under his leadership.