Varroc Engineering Limited — Others, 22-05-2025: Others

Varroc Engineering Limited has announced a board meeting on the listing of its Rs. 50 Cr Commercial Paper issued to Kotak Mahindra Bank. The CP, priced at Rs. 4,90,921.5 per unit with a face value of Rs. 5,00,000, carries a 7.5% discount rate and a 90-day tenure, and is listed on NSE. The Rs. 50 Cr principal repayment is due in August 2025. This issuance enhances Varroc’s short-term funding options and liquidity management.