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 31, 2025'.
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Varroc Engineering has filed a routine quarterly compliance disclosure regarding the security cover maintained on its Non-Convertible Debentures (NCDs) as on March 31, 2025. The company had issued Rs. 250 crore of rated, listed, senior, secured, redeemable, taxable, transferable NCDs on September 7, 2023. The NCDs are secured by an exclusive charge on specifically identified movable fixed assets of the company, with coverage maintained at 1.10 times (110%) of the aggregate principal amount outstanding. The filing is a mandatory disclosure under SEBI's Listing Regulations and does not contain any new financial event.
This is a routine regulatory filing confirming that adequate security cover (110%) exists for debenture holders. No material impact on equity shareholders or stock price is expected — it simply confirms the company is meeting its bond covenant obligations.