RBI Compounding Order Under FEMA for Varroc Engineering
VARROC · price
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Varroc Engineering received an RBI compounding order dated October 13, 2026 for delay in repatriating dues from a foreign entity under FEMA. The company had voluntarily applied for compounding. The order imposes a fee of Rs 3.91 lakh. The company states there is no material impact on financial or operational activities beyond this amount.
Minor regulatory matter. Penalty of Rs 3.91 lakh. No material impact on operations or finances. Voluntarily settled.