Varroc Engineering Limited — Others, 08-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Varroc Engineering Limited has announced a board meeting to discuss a dispute involving its wholly owned subsidiary, VarrocCorp Holding B.V. The company faces arbitration initiated by OPmobility Lighting Holding, France, over alleged breaches of covenants under a Securities Purchase Agreement first signed in April 2022 and amended multiple times since. The claim amounts to approximately US$ 66.4 million plus legal costs. Varroc is currently assessing the situation and plans to contest the claims vigorously, with financial impacts currently uncertain and contingent on arbitration outcomes. This legal matter is significant for shareholders due to the substantial claim amount.