Varroc Engineering Limited has informed the Exchange about Change in Company Secretary/Compliance Officer-Resignation of Mr. Ajay Sharma and appointment of Mr. Anil Ghatiya
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On July 18, 2025, Varroc Engineering's board approved several key changes effective in July 2025. Three independent directors — Mr. Gautam Khandelwal, Mr. Marc Szulewicz, and Mrs. Vijaya Sampath — will complete their second and final 5-year term on July 19, 2025, stepping down from the board. To fill the gap, Mr. Padmanabh Sinha, a private equity veteran (co-founder of LaunchBay Capital, ex-Tata Opportunities Fund and Temasek) has been appointed as an Additional Non-Executive Independent Director for 5 years. Separately, Company Secretary and Compliance Officer Mr. Ajay Kumar Sharma resigned for personal reasons effective July 31, 2025, after over 5 years in the role, and will be replaced by Mr. Anil Ghatiya, a 20-year Varroc Group insider.
The simultaneous exit of three independent directors in one go is a significant board refresh and will be closely watched by governance-focused investors; the new appointee brings deep PE and capital markets experience, which could sharpen the board's strategic and investor perspective. The KMP transition is smooth since the new Company Secretary is a long-standing internal candidate, reducing execution risk.