Varroc Engineering Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, recommended Final Dividend of Rs. 1.50 per equity share.
VARROC · price
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Varroc Engineering Limited reported FY 2025-26 standalone revenue of Rs. 81,455 million, up 10.5% from Rs. 73,686 million in FY25. Net profit grew to Rs. 2,882 million from Rs. 2,759 million, with EPS of Rs. 18.86 versus Rs. 18.05. The Board recommended a final dividend of Rs. 1.50 per share (150% on face value of Rs. 1), payable after shareholder approval at the August 20, 2026 AGM. The auditors issued a qualified opinion due to an ongoing arbitration with TYC Parties over Rs. 210 million in revenue, which the company contests. Other items include a proposal to raise up to Rs. 500 crores via NCDs and an increase in borrowing limits to Rs. 3,000 crores.
The dividend signals cash generation, though shareholders should note the qualified audit opinion from the TYC arbitration and elevated debt levels. The company also took a Rs. 663 million VSS charge for workforce reduction during the year.