| Scrip Code | 541578 |
|---|---|
| NSE Symbol | VARROC |
| MSEI Symbol | NOTLISTED |
| ISIN | INE665L01035 |
| Name of company | VARROC ENGINEERING LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 27-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 18-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | In Accordance with paragraph 4 of the notified IND AS 108 The Company has disclosed segment information only on the basis of consolidated financial statement. |
| Start date and time of board meeting | 27-05-2026 13:25:00 |
| End date and time of board meeting | 27-05-2026 15:35:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 27-03-2025 |
| Indicate Company website link for updated RPT policy of the Company | https://www.varroc.com/upload/financial_results/1743067406881274532.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| not applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 2,14,963.00 | 8,14,553.20 | |
| Other income | 300.10 | 1,235.80 | |
| Total income | 2,15,263.10 | 8,15,789.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1,44,097.10 | 5,42,590.80 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (1,785.20) | (5,097.90) |
| (d) | Employee benefit expense | 17,610.00 | 69,503.40 |
| (e) | Finance costs | 2,986.10 | 12,054.90 |
| (f) | Depreciation, depletion and amortisation expense | 6,790.10 | 26,108.40 |
| (f) | Other Expenses | ||
| 1 | Foreign exchange (gain)/loss (net) | 541.80 | 782.60 |
| 2 | Consumption of Stores, Spares and Tools | 2,335.20 | 8,658.10 |
| 3 | Consumption of Packing Material | 2,484.60 | 10,157.00 |
| 4 | Water and Electricity Charges | 4,518.80 | 17,357.20 |
| 5 | Contract Labour Cost | 8,922.60 | 34,752.00 |
| 6 | Freight and Forwarding Expenses | 2,803.60 | 11,096.70 |
| 7 | Legal and Professional Fees | 1,487.50 | 5,765.70 |
| 8 | Other Expenses | 8,852.10 | 34,559.30 |
| Total other expenses | 31,946.20 | 1,23,128.60 | |
| Total expenses | 2,01,644.30 | 7,68,288.20 | |
| 3 | Total profit before exceptional items and tax | 13,618.80 | 47,500.80 |
| 4 | Exceptional items | 0.00 | (8,713.70) |
| 5 | Total profit before tax | 13,618.80 | 38,787.10 |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 11.20 |
| 8 | Deferred tax | 3,436.60 | 9,956.60 |
| 9 | Total tax expenses | 3,436.60 | 9,967.80 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 10,182.20 | 28,819.30 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 10,182.20 | 28,819.30 |
| 17 | Other comprehensive income net of taxes | 394.90 | 448.30 |
| 18 | Total Comprehensive Income for the period | 10,577.10 | 29,267.60 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,527.90 | 1,527.90 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 2,04,986.20 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 6.66 | 18.86 | |
| Diluted earnings (loss) per share from continuing operations | 6.66 | 18.86 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 6.66 | 18.86 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.66 | 18.86 | |
| 24 | Debt equity ratio | 0.2800 | 0.2800 |
| 25 | Debt service coverage ratio | 3.6200 | 3.00 |
| 26 | Interest service coverage ratio | 7.8300 | 7.1100 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1) The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 27, 2026 and were subjected to audit by the Statutory Auditors. 2) The Company had received a settlement offer during the quarter ended June 30, 2025 from Beste Motor Co. Ltd. and TYC Brother Industrial Co. Ltd. (“TYC Parties”) alleging breach of Transition Management Agreement (‘TMA’ or ‘agreement’) in respect of certain income amounting to Rs. 209.89 million recognised by the Company under ‘Revenue from operations’ during the quarter ended June 30, 2025, as received from Chongqing Varroc TYC Auto Lamps Co., Ltd. (erstwhile joint venture). Subsequently, the Group received Statement of Claim under the arbitration proceedings originally initiated by TYC Parties in August 2022, on the aforesaid matter and on certain additional claims/breaches under the aforesaid TMA, which are to be quantified against which the Company has filed Statement of defence in March 2026. The Company believes that it has a strong case and will take appropriate actions as necessary to protect its interests. The auditors in their audit report have included a qualification in respect of this matter. 3) On July 7, 2025, the Company, together with its Wholly Owned Subsidiary, VarrocCorp Holding B.V., Netherlands, received an intimation from ICC International Court of Arbitration ('ICC') with respect to a Request for Arbitration initiated by OPmobility Lighting Holding, France (Erstwhile PO Lighting Systems). The request pertains to certain alleged breaches of covenants under the Securities Purchase Agreement executed between the parties on April 29, 2022, and subsequently amended on October 5, 2022, May 12, 2023, and June 15, 2023. Claims in respect of some of the breaches have been quantified at US$ 66.41 mn plus legal costs while for others no quantification has been provided. The Company is evaluating the matter and exploring legal and contractual remedies. It intends to contest the claims and take appropriate steps to protect its interests. Based on a legal opinion obtained, the Company believes that it has grounds to defend against the said allegations and accordingly no provision has been considered in respect of this matter in these results. 4) Exceptional items for the periods presented in the standalone results include following: a. On November 21, 2025, the Government of India notified the four Labour Codes– the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 consolidating 29 existing labour laws. The Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available and guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact under Exceptional Items in the financial results for the quarter ended December 31, 2025 and year ended March 31, 2026. The incremental impact on provisions for employee benefits expenses of Rs. 217.93 million (gross of tax) towards gratuity and compensated absences primarily arises due to change in wage definition. The Company continues to monitor the finalisation of Central/State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued/rules are notified. b. The Company announced a Voluntary Separation Scheme (‘VSS’) for all eligible permanent workmen at specific plants of the Company. In this regard, the Company accepted separation of 338 employees and the separation cost of Rs. 663.44 million (gross of tax) associated with the VSS has been recognised as an exceptional item during the quarter ended December 31, 2025 and year ended March 31, 2026. c. Estimated expenses directly attributable to the merger of Varroc Polymers Limited (‘VPL’) with the Company amounting to Rs 83.32 million and Rs. 196.02 million for the quarter and year ended March 31, 2025, respectively. Further, exceptional item also includes write back of excess accrual of aforesaid expenses of Rs. 10 million for the quarter ended December 31, 2025 and year ended March 31, 2026. d. KTMAG, oneof the customer of the Company, filed for insolvency and the Court admitted restructuring with self-administration in Austria. Considering these developments, the Company recognised a provision for the expected credit loss of trade receivables as exceptional item amounting to Rs. 12.10 million for the quarter and year ended March 31, 2025. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 1,76,756.70 | |
| Capital work-in-progress | 3,331.20 | |
| Investment property | 0.00 | |
| Goodwill | 1,839.00 | |
| Other intangible assets | 3,304.00 | |
| Intangible assets under development | 5,501.10 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 83,702.50 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 1,724.10 |
| Total of other non-current financial assets | 1,724.10 | |
| Total non-current financial assets | 85,426.60 | |
| Deferred tax assets (net) | ||
| Other non-current assets | ||
| 1 | Other non-current assets | 11,308.90 |
| Total of other non-current assets | 11,308.90 | |
| Total non-current assets | 2,87,467.50 | |
| 2 | Current assets | |
| Inventories | 73,594.70 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 56,923.20 | |
| Cash and cash equivalents | 3,085.20 | |
| Bank balance other than cash and cash equivalents | 4,324.40 | |
| Loans, current | 1,890.90 | |
| Other current financial assets | ||
| Total of other current financial assets | 2,130.30 | |
| Total current financial assets | 68,354.00 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Other current assets | 30,447.10 |
| Total of other current assets | 30,447.10 | |
| Total current assets | 1,72,395.80 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 4,59,863.30 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 1,527.90 | |
| Other equity | 2,04,986.20 | |
| Total equity attributable to owners of parent | 2,06,514.10 | |
| Non controlling interest | ||
| Total equity | 2,06,514.10 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 19,766.80 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Other non-current financial liabilities | 8,265.80 |
| Total of other non-current financial liabilities | 8,265.80 | |
| Total non-current financial liabilities | 28,032.60 | |
| Provisions, non-current | 1,803.70 | |
| Deferred tax liabilities (net) | 1,953.50 | |
| Deferred government grants, Non-current | 2,255.20 | |
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 34,045.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 37,953.20 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 24,482.80 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,16,077.10 | |
| Total Trade payable | 1,40,559.90 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 24,453.00 |
| Total of other current financial liabilities | 24,453.00 | |
| Total current financial liabilities | 2,02,966.10 | |
| Other current liabilities | 11,505.40 | |
| 1 | Other current liabilities | 11,505.40 |
| Total of other current liabilities | 11,505.40 | |
| Provisions, current | 4,182.60 | |
| Current tax liabilities (Net) | 0.00 | |
| Deferred government grants, Current | 650.10 | |
| Total current liabilities | 2,19,304.20 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 2,53,349.20 | |
| Total equity and liabilites | 4,59,863.30 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement of defined benefit obligation (net of tax) | 320.90 | 599.00 |
| Total Amount of items that will not be reclassified to profit and loss | 320.90 | 599.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 80.70 | 150.70 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Deferred hedging gains on cash flow hedges | 206.70 | 0.00 |
| Total Amount of items that will be reclassified to profit and loss | 206.70 | 0.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 52.00 | 0.00 |
| 5 | Total Other comprehensive income | 394.90 | 448.30 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 38,787.10 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 12,054.90 | |||||
| Adjustments for decrease (increase) in inventories | (15,274.90) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (4,646.50) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (785.70) | |||||
| Adjustments for decrease (increase) in other non-current assets | (2,732.40) | |||||
| Adjustments for other financial assets, non-current | 392.30 | |||||
| Adjustments for other financial assets, current | (662.70) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 14,654.10 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | (1,599.20) | |||||
| Adjustments for increase (decrease) in other non-current liabilities | (316.40) | |||||
| Adjustments for depreciation and amortisation expense | 26,108.40 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 1,405.70 | |||||
| Adjustments for provisions, non-current | 805.00 | |||||
| Adjustments for other financial liabilities, current | (1,689.90) | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.30 | |||||
| Adjustments for interest income | 974.40 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | (624.50) | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 26,113.50 | |||||
| Net cash flows from (used in) operations | 64,900.60 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 1,100.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 63,800.60 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 801.90 | |||||
| Purchase of property, plant and equipment | 36,423.70 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 2,961.30 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 13,732.10 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.30 | |||||
| Interest received | 1,711.30 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (183.60) | |||||
| Net cash flows from (used in) investing activities | (23,323.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 18,000.00 | |||||
| Repayments of borrowings | 45,851.40 | |||||
| Payments of lease liabilities | 2,766.50 | |||||
| Dividends paid | 1,527.90 | |||||
| Interest paid | 11,160.80 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (43,306.60) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (2,829.00) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (2,829.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 5,914.20 | |||||
| Cash and cash equivalents cash flow statement at end of period | 3,085.20 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | S R B C & CO LLP | Yes | 28-02-2029 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 8,15,789.00 | 0.00 |
| 2 | Total Expenditure | 7,68,288.20 | 0.00 |
| 3 | Net Profit/(Loss) | 28,819.30 | 0.00 |
| 4 | Earnings Per Share | 18.86 | 0 |
| 5 | Total Assets | 4,59,863.30 | 0.00 |
| 6 | Total Liabilities | 2,53,349.20 | 0.00 |
| 7 | Net Worth | 2,06,514.10 | 0.00 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Whether appeared first time | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| Textual Information(1) | Following qualification has been given by the Auditors in the audit report on Standalone financial statements of the Company: The Company received a settlement offer from Beste Motor Co. Ltd. and TYC Brother Industrial Co. Ltd. ("TYC Parties") alleging breach of Transition Management Agreement ('TMA' or 'agreement') in respect of certain income amounting to Rs. 209.89 million recognized by the Company under 'Revenue from operations' during the year ended March 31, 2026, as received from Chongqing Varroc TYC Auto Lamps Co., Ltd. (erstwhile joint venture). Subsequently, the Company also received a 'Statement of Claim' under the arbitration proceedings with TYC Parties on the aforesaid matter and on certain additional claims/breaches under the aforesaid TMA against which the Company has filed Statement of defence in March 2026. Pending disposal of the arbitration proceedings and in the absence of sufficient appropriate audit evidence, we are unable to comment on the said income recognized in the books and consequential impact including of the additional claims/breaches, if any, on the profit before tax, tax expense, profit after tax, total comprehensive income and earnings per share for the year ended March 31, 2026 and retained earnings as at March 31, 2026. |
|---|---|
| Textual Information(2) | not applicable |
| Textual Information(3) | not applicable |
| Textual Information(4) | The Company has strong belief that the income recognized in the books have been received based on valid agreement(s) entered into between the parties and necessary services have been availed by overseas entities. The Company believes that it has a strong case and will take appropriate actions, including filing of counter claims, as necessary to protect its interests. Pending disposal of the arbitration proceedings, the Company is unable to determine the possible impact of this matter. |
| Textual Information(5) | As explained to us by the management, the Company is contesting all the claims by TYC Parties under the arbitration proceedings. Pending disposal of such arbitration proceedings, the Company is unable to determine the possible impact of the matter on the profit before tax, tax expense, profit after tax, total comprehensive income and earnings per share for the year ended March 31, 2026 and retained earnings as at March 31, 2026. |
| Name of CEO / Managing director | Mr. Tarang Jain |
|---|---|
| Name of CFO | Mr. K Mahendra Kumar |
| Name of audit committee chairman | Mr. Vinish Kathuria |
| Name of statutory auditor | Mr. Mustafa Saleem |
| Name of other signatory, if any, with designation | |
| Place | Pune |
| Date | 27-05-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Sale of goods or services | 1,300.00 | Within Limit | 410.90 | 148.60 | 179.90 | ||||||||||||||||
| 2 | Varroc Engineering Limited | Endurance Technologies Ltd | Enterprises Owned or controlled by key management personnel and/or their relatives | Sale of goods or services | 300.00 | Within Limit | 53.70 | 8.90 | 4.70 | ||||||||||||||||
| 3 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Sale of goods or services | 150.00 | Within Limit | 56.90 | 56.80 | 72.60 | ||||||||||||||||
| 4 | Varroc Engineering Limited | Varroc Dell�rto Private Limited | Jointly Controlled Entities | Sale of goods or services | 3,800.00 | Within Limit | 2,353.30 | 709.40 | 1,074.40 | ||||||||||||||||
| 5 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Sale of goods or services | 300.00 | Within Limit | 0.00 | 727.00 | 21.80 | ||||||||||||||||
| 6 | Varroc Engineering Limited | Varroc Romania S.A. | Step down subsidiary | Sale of goods or services | 50.00 | Within Limit | 0.00 | 4.50 | 4.80 | ||||||||||||||||
| 7 | Varroc Engineering Limited | Varroc Japan Co. Limited | Direct Subsidiary | Sale of goods or services | 500.00 | Within Limit | 0.20 | 0.00 | 0.00 | ||||||||||||||||
| 8 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Any other transaction | Guarantee commission received | 0.00 | NA | 24.20 | 166.90 | 200.10 | |||||||||||||||
| 9 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Any other transaction | Guarantee commission received | 0.00 | NA | 13.00 | 6.80 | 20.70 | |||||||||||||||
| 10 | Varroc Engineering Limited | VarrocCorp Holding B.V., The Netherlands | Direct Subsidiary | Any other transaction | Guarantee commission received | 0.00 | NA | 2.40 | 1.00 | 2.10 | |||||||||||||||
| 11 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Any other transaction | Management consultancy fees received | 75.00 | Within Limit | 25.00 | 13.50 | 13.50 | |||||||||||||||
| 12 | Varroc Engineering Limited | Varroc Dell�rto Private Limited | Jointly Controlled Entities | Any other transaction | Management consultancy fees received | 100.00 | Within Limit | 41.50 | 22.40 | 27.20 | |||||||||||||||
| 13 | Varroc Engineering Limited | Varroc Dell�rto Private Limited | Jointly Controlled Entities | Any other transaction | Rent received | 100.00 | Within Limit | 13.70 | 4.70 | 5.40 | |||||||||||||||
| 14 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Any other transaction | Rent received | 20.00 | Within Limit | 3.00 | 10.60 | 14.20 | |||||||||||||||
| 15 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Interest received | 0.00 | NA | 80.90 | 50.60 | 99.90 | ||||||||||||||||
| 16 | Varroc Engineering Limited | Varroc European Holding B.V.,The Netherlands | Direct Subsidiary | Interest received | 0.00 | NA | 22.10 | 61.20 | 10.50 | ||||||||||||||||
| 17 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Loan | 1,500.00 | Within Limit | 494.00 | 1,285.00 | 1,779.00 | ||||||||||||||||
| 18 | Varroc Engineering Limited | Varroc European Holding B.V.,The Netherlands | Direct Subsidiary | Loan | 0.00 | Within Limit | 1,078.10 | 3,037.70 | 1,998.00 | ||||||||||||||||
| 19 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 100.00 | Within Limit | 29.60 | 1.90 | 34.40 | |||||||||||||||
| 20 | Varroc Engineering Limited | Varroc Dell�rto Private Limited | Jointly Controlled Entities | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 50.00 | Within Limit | 3.30 | 0.00 | 3.00 | |||||||||||||||
| 21 | Varroc Engineering Limited | Varroc Vietnam Co. Ltd. | Step down subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 50.00 | Within Limit | 0.00 | 14.20 | 0.00 | |||||||||||||||
| 22 | Varroc Engineering Limited | VarrocCorp Holding B.V., The Netherlands | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 700.00 | Within Limit | 0.00 | 352.60 | 352.60 | |||||||||||||||
| 23 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 100.00 | Within Limit | 23.30 | 91.50 | 115.20 | |||||||||||||||
| 24 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 50.00 | Within Limit | 0.00 | 18.70 | 0.00 | |||||||||||||||
| 25 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Purchase of goods or services | 1,300.00 | Within Limit | 222.10 | 33.20 | 16.40 | ||||||||||||||||
| 26 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Purchase of goods or services | 700.00 | Within Limit | 80.60 | 39.40 | 100.40 | ||||||||||||||||
| 27 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Purchase of goods or services | 300.00 | Within Limit | 0.00 | 178.10 | 0.00 | ||||||||||||||||
| 28 | Varroc Engineering Limited | Varroc Japan Co. Limited | Direct Subsidiary | Purchase of goods or services | 750.00 | Within Limit | 292.90 | 125.40 | 147.40 | ||||||||||||||||
| 29 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Purchase of goods or services | 1,000.00 | Within Limit | 22.20 | 101.70 | 1.00 | ||||||||||||||||
| 30 | Varroc Engineering Limited | Varroc Poland s.p.z.oo | Step down subsidiary | Purchase of goods or services | 10,000.00 | Within Limit | 2,217.70 | 1,995.40 | 2,615.70 | ||||||||||||||||
| 31 | Varroc Engineering Limited | Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. | Step down subsidiary | Purchase of goods or services | 20,000.00 | Within Limit | 2,996.50 | 2,508.30 | 1,944.50 | ||||||||||||||||
| 32 | Varroc Engineering Limited | Scarpa & Colombo S.r.L | Enteprises which exercise significant influence over direct subsidiary | Purchase of goods or services | 150.00 | Within Limit | 0.10 | 59.40 | 0.00 | ||||||||||||||||
| 33 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Purchase of goods or services | 300.00 | Within Limit | 200.10 | 0.00 | 0.00 | ||||||||||||||||
| 34 | Varroc Engineering Limited | Mr. Vinish Kathuria | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | 0.00 | NA | 17.00 | 0.00 | 17.00 | |||||||||||||||
| 35 | Varroc Engineering Limited | Mr. Tarang Jain | Chairman and Managing Director | Remuneration | 2,500.00 | NA | 465.30 | 0.00 | 0.00 | ||||||||||||||||
| 36 | Varroc Engineering Limited | Mr. Arjun Jain | Whole time Director | Remuneration | 800.00 | NA | 121.10 | 0.00 | 0.00 | ||||||||||||||||
| 37 | Varroc Engineering Limited | Mr. K. Mahendra Kumar | Group Chief Finance Officer | Remuneration | 0.00 | NA | 134.40 | 0.00 | 0.00 | ||||||||||||||||
| 38 | Varroc Engineering Limited | Mr. Anil Ghatiya | Company Secretary | Remuneration | 0.00 | NA | 22.20 | 0.00 | 0.00 | ||||||||||||||||
| 39 | Varroc Engineering Limited | Mr. Dhruv Jain | Whole time Director | Remuneration | 500.00 | NA | 106.00 | 0.00 | 0.00 | ||||||||||||||||
| 40 | Varroc Engineering Limited | Mr. Padmanabh Sinha | Independent Director | Any other transaction | Directors sitting fees | 0.00 | NA | 4.00 | 0.00 | 1.80 | |||||||||||||||
| 41 | Varroc Engineering Limited | Mr. Vinish Kathuria | Independent Director | Any other transaction | Directors sitting fees | 0.00 | NA | 10.00 | 0.00 | 2.70 | |||||||||||||||
| 42 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Paid/Payable) | 150.00 | Within Limit | 0.00 | 2.20 | 0.00 | |||||||||||||||
| 43 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Any other transaction | Corporate guarantees | 7,500.00 | Within Limit | 0.00 | 3,326.00 | 5,166.10 | |||||||||||||||
| 44 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Any other transaction | Corporate guarantees | 5,100.00 | Within Limit | 2,996.70 | 1,039.70 | 2,724.30 | |||||||||||||||
| 45 | Varroc Engineering Limited | VarrocCorp Holding B.V., The Netherlands | Direct Subsidiary | Any other transaction | Corporate guarantees | 3,000.00 | Within Limit | 0.00 | 623.80 | 2,724.30 | |||||||||||||||
| 46 | Varroc Engineering Limited | Varroc Foundation | Enterprises Owned or controlled by key management personnel and/or their relatives | Any other transaction | Corporate Social Responsibility (CSR) | 1,000.00 | Within Limit | 310.30 | 0.00 | 0.00 | |||||||||||||||
| 47 | Varroc Engineering Limited | Dellorto S.P.A. | JV Partner | Any other transaction | Royalty Paid/Payable | 300.00 | Within Limit | 131.70 | 43.20 | 0.00 | |||||||||||||||
| 48 | Varroc Engineering Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over direct subsidiary | Any other transaction | Sale Commission Paid/payable | 200.00 | Within Limit | 79.60 | 15.40 | 66.30 | |||||||||||||||
| 49 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Any other transaction | Admin Charges Paid | 200.00 | Within Limit | 48.50 | 53.80 | 51.80 | |||||||||||||||
| 50 | Varroc Engineering Limited | Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. | Step down subsidiary | Any other transaction | Corporate guarantees | 200.00 | Within Limit | 104.30 | 0.00 | 0.00 | |||||||||||||||
| 51 | Varroc Engineering Limited | Mr. Akshaykumar Narendrasinhji Chudasam | Independent Director | Any other transaction | Directors sitting fees | 0.00 | NA | 11.00 | 0.00 | 0.90 | |||||||||||||||
| 52 | Varroc Engineering Limited | Mrs. Leselott Kilaas | Independent Director | Any other transaction | Directors sitting fees | 0.00 | NA | 17.00 | 0.00 | 4.00 | |||||||||||||||
| 53 | Varroc Engineering Limited | Mrs. Leselott Kilaas | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | NA | 19.00 | 0.00 | 19.00 | ||||||||||||||||
| 54 | Varroc Engineering Limited | Mr. Akshaykumar Narendrasinhji Chudasam | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | NA | 18.20 | 0.00 | 18.20 | ||||||||||||||||
| 55 | Varroc Engineering Limited | Mr. Padmanabh Sinha | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | NA | 23.20 | 0.00 | 23.20 | ||||||||||||||||
| 56 | Varroc Engineering Limited | Mr. Avinash Chintawar | Whole Time Director and COO | Remuneration | NA | 93.70 | 0.00 | 0.00 | |||||||||||||||||
| 57 | Durovalves India Private Limited | Scarpa & Colombo S.r.L, Italy | Enteprises which exercise significant influence over the company | Sale of goods or services | 3,000.00 | Within Limit | 342.70 | 835.10 | 405.60 | ||||||||||||||||
| 58 | Durovalves India Private Limited | Freccia International S.r.L, Italy | Enteprises which exercise significant influence over the company | Sale of goods or services | 1,500.00 | Within Limit | 9.10 | 0.00 | 0.00 | ||||||||||||||||
| 59 | Durovalves India Private Limited | Varroc Connect Private Limited | Fellow subsidiary | Purchase of goods or services | 10.00 | Within Limit | 0.10 | 0.00 | 0.20 | ||||||||||||||||
| 60 | Durovalves India Private Limited | Scarpa & Colombo S.r.L, Italy | Enteprises which exercise significant influence over the company | Any other transaction | Reimbursement of expenses (paid/ payable) | 200.00 | Within Limit | 61.60 | 7.00 | 66.00 | |||||||||||||||
| 61 | Durovalves India Private Limited | Freccia International S.r.L, Italy | Enteprises which exercise significant influence over the company | Any other transaction | Reimbursement of expenses (paid/ payable) | 10.00 | Within Limit | 0.10 | 0.00 | 0.00 | |||||||||||||||
| 62 | Durovalves India Private Limited | Scarpa & Colombo Srl - Italy | Enteprises which exercise significant influence over the company | Any other transaction | Sale Commission Paid/payable | 50.00 | Within Limit | 2.00 | 7.90 | 9.90 | |||||||||||||||
| 63 | Industria Meccanica E Stampaggio S.p.a. | VarrocCorp Holding B.V., The Netherlands | Sister Concern of Holding Company | Interest paid | 500.00 | Within Limit | 110.70 | 734.50 | 884.70 | ||||||||||||||||
| 64 | Industria Meccanica E Stampaggio S.p.a. | VarrocCorp Holding B.V., The Netherlands | Sister Concern of Holding Company | Loan | 2,000.00 | Within Limit | 653.80 | 3,898.90 | 4,740.00 | ||||||||||||||||
| 65 | Industria Meccanica E Stampaggio S.p.a. | Nuova CTS S.r.l, Italy | Jointly Controlled Entities | Purchase of goods or services | 0.00 | NA | 1,152.80 | 158.40 | 225.40 | ||||||||||||||||
| 66 | VarrocCorp Holding B.V., The Netherlands | Varroc European Holding B.V.,The Netherlands | Fellow subsidiary | Interest received | 2,500.00 | Within Limit | 811.10 | 8,221.30 | 9,454.70 | ||||||||||||||||
| 67 | VarrocCorp Holding B.V., The Netherlands | Varroc European Holding B.V.,The Netherlands | Fellow subsidiary | Loan | 5,000.00 | Within Limit | 1,155.00 | 31,461.30 | 34,129.00 | ||||||||||||||||
| 68 | VarrocCorp Holding B.V., The Netherlands | Varroc Romania S.A. | Step down subsidiary | Interest received | 50.00 | Within Limit | 9.10 | 3.90 | 13.60 | ||||||||||||||||
| 69 | VarrocCorp Holding B.V., The Netherlands | Varroc Romania S.A. | Step down subsidiary | Any other transaction | Trade Receivable | 0.00 | NA | 0.00 | 1,227.10 | 1,270.00 | |||||||||||||||
| 70 | VarrocCorp Holding B.V., The Netherlands | Varroc Romania S.A. | Step down subsidiary | Any other transaction | Trade Payable | 0.00 | NA | 0.00 | 596.10 | 607.90 | |||||||||||||||
| 71 | VarrocCorp Holding B.V., The Netherlands | Varroc Romania S.A. | Step down subsidiary | Loan | 300.00 | Within Limit | 544.90 | 207.90 | 762.80 | ||||||||||||||||
| 72 | VarrocCorp Holding B.V., The Netherlands | Varroc Electronics Romania S.r.l. | Direct Subsidiary | Interest received | 600.00 | Within Limit | 100.40 | 182.10 | 295.30 | ||||||||||||||||
| 73 | VarrocCorp Holding B.V., The Netherlands | Varroc Electronics Romania S.r.l. | Direct Subsidiary | Loan | 5,000.00 | Within Limit | 0.00 | 4,314.80 | 4,522.30 | ||||||||||||||||
| 74 | Varroc Germany GmBH | VarrocCorp Holding B.V., The Netherlands | Holding Company | Interest paid | 250.00 | Within Limit | 93.10 | 43.80 | 142.40 | ||||||||||||||||
| 75 | Varroc Germany GmBH | VarrocCorp Holding B.V., The Netherlands | Holding Company | Loan | 1,700.00 | Within Limit | 140.90 | 2,771.10 | 3,679.50 | ||||||||||||||||
| 76 | Varroc Italy S.p.A. | VarrocCorp Holding B.V., The Netherlands | Holding Company | Interest paid | 130.00 | Within Limit | 19.20 | 14.70 | 35.40 | ||||||||||||||||
| 77 | Varroc Italy S.p.A. | VarrocCorp Holding B.V., The Netherlands | Holding Company | Any other transaction | Interest Receivable | 0.00 | NA | 0.00 | 26.90 | 28.20 | |||||||||||||||
| 78 | Varroc Italy S.p.A. | VarrocCorp Holding B.V., The Netherlands | Holding Company | Loan | 1,000.00 | Within Limit | 0.00 | 831.80 | 871.80 | ||||||||||||||||
| 79 | Varroc (Thailand) Co. Ltd. | VarrocCorp Holding B.V., The Netherlands | Holding Company | Interest paid | 300.00 | Within Limit | 65.40 | 17.50 | 87.00 | ||||||||||||||||
| 80 | Varroc (Thailand) Co. Ltd. | VarrocCorp Holding B.V., The Netherlands | Holding Company | Loan | 5,000.00 | Within Limit | 191.10 | 2,129.80 | 4,585.80 | ||||||||||||||||
| 81 | Varroc Poland s.p.z.oo | VarrocCorp Holding B.V., The Netherlands | Holding Company | Loan | 3,000.00 | Within Limit | 2,495.40 | 0.00 | 2,495.40 | ||||||||||||||||
| 82 | Varroc Poland s.p.z.oo | VarrocCorp Holding B.V., The Netherlands | Holding Company | Interest paid | 300.00 | Within Limit | 102.80 | 0.00 | 36.50 | ||||||||||||||||
| 83 | Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. | Varroc (Thailand) Co. Ltd. | Fellow Subsidiary | Sale of goods or services | 1,500.00 | Within Limit | 33.80 | 29.50 | 76.00 | ||||||||||||||||
| 84 | Varroc Italy S.p.A. | Varroc Japan Co. Ltd | Sister Concern of Holding Company | Sale of goods or services | 600.00 | Within Limit | 12.30 | 12.20 | 0.00 | ||||||||||||||||
| 85 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Interest received | 500.00 | Within Limit | 166.40 | 930.60 | 184.10 | ||||||||||||||||
| 86 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Sale of goods or services | 500.00 | Within Limit | 138.20 | 12.80 | 68.70 | ||||||||||||||||
| 87 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Purchase of goods or services | 6,500.00 | Within Limit | 1,433.40 | 427.40 | 828.50 | ||||||||||||||||
| 88 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Any other transaction | Reimbursement of Expense Paid/Payable | 750.00 | Within Limit | 19.40 | 0.00 | 0.00 | |||||||||||||||
| 89 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Loan | 2,000.00 | Within Limit | 0.00 | 4,337.30 | 4,545.90 | ||||||||||||||||
| 90 | Varroc Italy S.p.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Any other transaction | Reimbursement of Expense Paid/Payable | 750.00 | Within Limit | 128.80 | 339.10 | 486.40 | |||||||||||||||
| 91 | Varroc Italy S.p.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Sale of goods or services | 500.00 | Within Limit | 33.30 | 207.70 | 266.80 | ||||||||||||||||
| 92 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Sale of goods or services | 600.00 | Within Limit | 212.40 | 119.40 | 118.30 | ||||||||||||||||
| 93 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Any other transaction | Royalty Received | 500.00 | Within Limit | 93.10 | 0.00 | 0.00 | |||||||||||||||
| 94 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Purchase of goods or services | 1,000.00 | Within Limit | 47.90 | 8.30 | 54.60 | ||||||||||||||||
| 95 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Interest received | 500.00 | Within Limit | 178.70 | 1,049.90 | 185.90 | ||||||||||||||||
| 96 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 150.00 | Within Limit | 39.40 | 0.00 | 0.00 | |||||||||||||||
| 97 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Loan | 1,000.00 | Within Limit | 0.00 | 2,911.20 | 3,051.20 | ||||||||||||||||
| 98 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Any other transaction | Trade Payable | 0.00 | NA | 0.00 | 17.40 | 25.00 | |||||||||||||||
| 99 | Varroc Romania S.A. | Varroc Vietnam Co. Ltd. | Fellow subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 750.00 | Within Limit | 15.60 | 0.00 | 0.00 | |||||||||||||||
| 100 | Varroc Romania S.A. | Varroc Vietnam Co. Ltd. | Fellow subsidiary | Sale of goods or services | 1,000.00 | Within Limit | 0.90 | 2.50 | 11.30 | ||||||||||||||||
| 101 | Varroc Vietnam Co. Ltd. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Any other transaction | Reimbursement of expenses (Paid/ Payable) | 300.00 | Within Limit | 105.70 | 1.70 | 0.00 | |||||||||||||||
| 102 | Varroc Poland s.p.z.oo | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Any other transaction | Account Receivable | 0.00 | NA | 0.00 | 238.10 | 248.40 | |||||||||||||||
| 103 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Sale of goods or services | 1,500.00 | Within Limit | 106.10 | 320.60 | 427.30 | ||||||||||||||||
| 104 | Varroc Vietnam Co. Ltd. | Varroc Electronics Romania S.r.l. | Sister Concern of Holding Company | Any other transaction | Trade Payable | Within Limit | 0.00 | 0.00 | 40.40 | ||||||||||||||||
| 105 | Varroc Romania S.A. | Varroc Vietnam Co. Ltd. | Fellow subsidiary | Purchase of goods or services | 500.00 | Within Limit | 1.80 | 0.00 | 4.40 | ||||||||||||||||
| 106 | Industria Meccanica E Stampaggio S.p.a. | Nuova CTS S.r.l, Italy | Jointly Controlled Entities | Sale of goods or services | 0.00 | NA | 73.40 | 0.00 | 18.60 | ||||||||||||||||
| 107 | Industria Meccanica E Stampaggio S.p.a. | Nuova CTS S.r.l, Italy | Jointly Controlled Entities | Dividend received | 0.00 | NA | 109.00 | 0.00 | 0.00 | ||||||||||||||||
| 108 | Industria Meccanica E Stampaggio S.p.a. | Varroc European Holding B.V.,The Netherlands | Holding Company | Interest paid | 0.00 | NA | 176.90 | 0.00 | 2,898.80 | ||||||||||||||||
| 109 | Industria Meccanica E Stampaggio S.p.a. | Varroc European Holding B.V.,The Netherlands | Holding Company | Loan | 0.00 | NA | 0.00 | 0.00 | 1,849.80 | ||||||||||||||||
| 110 | Industria Meccanica E Stampaggio S.p.a. | Varroc European Holding B.V.,The Netherlands | Holding Company | Any other transaction | Trade Payable | 0.00 | NA | 0.00 | 0.00 | 189.50 | |||||||||||||||
| 111 | Varroc Japan Co. Limited | Varroc Vietnam Co. Ltd. | Subsidiary of fellow subsidiary | Sale of goods or services | 0.00 | NA | 0.70 | 0.00 | 0.00 | ||||||||||||||||
| Total value of transaction during the reporting period | 26,683.00 | ||||||||||||||||||||||||