Varroc Engineering Limited has informed the Exchange regarding 'Disclosure under Regulation 54(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) for March 2026 Quarter'.
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Varroc Engineering Limited has disclosed the full redemption of its Non-Convertible Debentures (NCDs) worth Rs. 250 crore on March 6, 2026. The NCDs were originally issued on September 7, 2023, and were secured by exclusive charge on specific movable fixed assets of the company. The company exercised the Call option to redeem these debentures. As on the redemption date, the Asset Cover was maintained higher than the required 1.10 times as specified in the Debenture Trust Deed, indicating adequate security for debenture holders.
The full redemption of NCDs reduces the company's debt obligations and indicates strong liquidity management. This is a positive signal for bondholders and equity investors as it demonstrates the company's ability to meet its debt commitments ahead of schedule.