Varroc Engineering Limited announced that, on September 7, 2023, the Company has issued Rated, listed, senior, unsecured, redeemable, taxable, transferable, Non-Convertible Debentures with ISIN INE665L08014 and Scrip Code 975062 of INR 2500 Million ("NCD"). In terms of the original Transaction Documents the Company has now created security for the said NCDs, by creating a charge over identified movable fixed assets of the Company
with minimum 1.1x cover. The Company is currently in process of completing all essential formalities for effectuating the change in status of said NCDs from "Unsecured" to "Secured".
Varroc Engineering Limited is an India-based automotive component company. The Company manufactures and supplies electrical-electronic, polymer, metallic, exterior lighting and advanced safety systems to leading original equipment manufacturer (OEMs), with end-to-end capabilities across design, development and manufacturing. Its segments include Automotive and Others. The Automotive segment consists of the business of automobile products consisting of auto parts for two-wheelers, three-wheelers and four-wheelers and related design, development and engineering activities and other services. The Others segment comprise of forging components for off road vehicles and components for mining and oil drilling industry. It offers diverse product line in valves, transmission, engine parts and heavy forging. It is a supplier of outdoor lighting systems to OEMs. It also offers air filter, assemblies mirror, door trims, central console, traction motor and controller, and telematics control unit.
VARROC ENGINEERING LIMITED 
