VARROC · price
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Awaiting price reaction for this filing.
Varroc Engineering clarified to BSE that the redemption of its Non-Convertible Debentures (NCDs) under ISIN INE665L07040 is happening as part-redemption of face value, not as an early full redemption or a reduction in the number of NCDs. The company has 25,000 NCDs outstanding since allotment, with an original face value of Rs. 1,00,000 per NCD. On the next scheduled record date (November 7, 2025), Rs. 6,250 per NCD will be redeemed, bringing the post-redemption face value down to Rs. 75,000 per NCD. The last part-redemption of Rs. 6,250 per NCD was paid on September 4, 2025 (due date September 7, 2025), and the final maturity date remains September 7, 2028, when the full balance will be repaid. Interest continues to be paid on the outstanding face value as per schedule.
This is a routine clarification confirming that NCD redemptions are on track per the original schedule — no early prepayment or restructuring. Existing NCD holders will continue receiving scheduled principal and interest payments, and equity shareholders are not directly affected, though it signals the company is steadily chipping away at its NCD liability.