Varroc Engineering Limited — Others, 29-05-2025: Amendment to AOA/MOA

Varroc Engineering Limited has announced a board meeting outcome approving the financial results for the quarter and half-year. Standalone revenue increased to Rs. 736.86 Cr from Rs. 667.60 Cr year-on-year, supported by stronger automotive demand and incorporation of Varroc Polymers. Profit before tax rose to Rs. 38.07 Cr from Rs. 27.60 Cr. The company recorded exceptional items related to merger costs and a customer insolvency provision. A final dividend of Re. 1 per share has been proposed. Board changes include the appointment of Mr. Akshaykumar Chudasama as Independent Director and re-appointments of key management. Shareholders’ approval is sought for a Rs. 500 Cr non-convertible debenture raise. Consolidated results include a qualified audit opinion due to pending JV audit; profit after tax stood at Rs. 22.99 Cr. The company is also handling ongoing GST disputes amid operational consolidation.