Varroc Engineering Limited has informed the Exchange about change in Management
VARROC · price
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Mr. Vidyadhar Limaye (DIN: 06720053) has resigned from his position as Whole Time Director and Key Managerial Personnel (KMP) at Varroc Engineering Limited, effective June 30, 2025. The resignation is on account of early retirement due to personal reasons, and he has also requested to be relieved from the role of 'Occupier' of various company plants. The Board has recorded its appreciation for his contributions during his tenure. Post this change, the Board will comprise 9 members, including Chairman & Managing Director Mr. Tarang Jain, two other Whole Time Directors, and six Independent Directors. No new appointment has been announced to fill the vacancy.
The departure of a Whole Time Director and KMP could create a short-term leadership gap, but the board remains well-constituted with the promoter family (Jain family) firmly in control. Shareholders should watch for a successor appointment, which would clarify continuity in operations.