Varroc Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 20, 2026
VARROC · price
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Varroc Engineering Limited reported standalone revenue of Rs. 81,578.90 million for FY 2025-26, up 10.5% from Rs. 73,962.06 million in FY 2024-25. Net profit after tax increased to Rs. 2,881.93 million from Rs. 2,758.50 million, while EPS improved to Rs. 18.86 from Rs. 18.05. The Board recommended a final dividend of Rs. 1.50 per share (150%) subject to shareholder approval at the AGM on August 20, 2026. However, auditors issued a qualified opinion due to pending arbitration with TYC Parties regarding Rs. 209.89 million revenue, where the auditors could not confirm the income recognition. Additional emphasis of matter was placed on another arbitration with OPmobility Lighting Holding (US$ 66.41 million claim) and GST orders. Exceptional items included Rs. 663.44 million for Voluntary Separation Scheme and Rs. 217.93 million for new labour code impact.
The qualified audit opinion and ongoing legal disputes create uncertainty around reported earnings, though the company maintained revenue growth and profitability. The significant VSS cost and labour code changes reflect operational restructuring. Shareholders should monitor arbitration outcomes and upcoming borrowing limit approvals at the AGM.