Varroc Engineering Limited — Important, 16-01-2026: Disclosure of material issue

Varroc Engineering has completed a Voluntary Retirement Scheme (VRS) for permanent workmen. 411 applications were accepted. This initiative involves a one-time payout of ₹79.94 Cr.

**Issue:** Implementing a VRS to streamline workforce.

**Possible Impact:** Short-term cash outflow, but likely aims for long-term operational efficiency and reduced employee costs.

**Company's Response:** Successfully implemented the VRS, described as beneficial for both the company and participating workmen.