Varroc Engineering: No Deviation in Utilization of ₹50 Cr Commercial Paper Proceeds for Q2 FY26
Varroc Engineering Limited has submitted its confirmation regarding the utilization of issue proceeds under Regulation 32 and 52(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulation...
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Why is Varroc Engineering Limited in the news today?
Varroc Engineering Limited (VARROC) is in the news due to the announcement is a routine regulatory filing confirming no deviations, which is neutral in nature. it does not present new positive or negative developments.
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Varroc Engineering: No Deviation in Utilization of ₹50 Cr Commercial Paper Proceeds for Q2 FY26
January 2, 2026, 05:35 AM
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Varroc Engineering Limited has submitted its confirmation regarding the utilization of issue proceeds under Regulation 32 and 52(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that there has been no issue or fund-raising activity during the quarter ended December 31, 2025.
Furthermore, there has been no deviation or variation in the utilization of the ₹50 crore raised via Commercial Paper in Q2 FY 2025-26 from the objects stated in its offer document. The proceeds have been fully utilized for the intended purposes. The company has enclosed a Statement of NIL deviation(s) or variation(s) for the quarter ended December 31, 2025.
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