Varroc Engineering Limited has informed the Exchange about Asset Cover Certificate
VARROC · price
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Varroc Engineering has filed its quarterly Asset Cover Certificate under SEBI Regulation 54 for the quarter ended June 30, 2025. The certificate covers 8.6% Secured Non-Convertible Debentures with a face value of Rs. 250 crore, of which Rs. 203.13 crore is outstanding. The company has maintained a security cover of 1.72x on book value and 2.18x on market value, well above the 1.10x minimum required by the Debenture Trust Deed. The NCDs are secured by an exclusive charge on movable fixed assets across plants including VEL-III, VEL-VII (Valves and Forging), and the 4W Lighting facilities at Chakan and Bhamboli. Statutory auditor S R B C & Co LLP confirmed compliance with the 110% security cover and all covenants.
This is a routine regulatory filing confirming the company is comfortably meeting its debenture security obligations, with a healthy buffer of 0.62x above the minimum required cover. No material impact on equity shareholders, but investors should separately track the auditor's qualification on Q1 standalone results regarding a Rs. 209.89 million income dispute with an overseas party.