General information about company |
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|---|---|---|---|
| Scrip Code | 541578 | ||
| NSE Symbol | VARROC | ||
| MSEI Symbol | NA | ||
| ISIN | INE665L01035 | ||
| Name of company | VARROC ENGINEERING LIMITED | ||
| Type of company | Main Board | ||
| Class of security | Equity | ||
| Date of start of financial year | 01-Apr-2024 | ||
| Date of end of financial year | 31-Mar-2025 | ||
| Date of board meeting when results were approved | 29-May-2025 | ||
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 22-May-2025 | ||
| Description of presentation currency | INR (in Actuals) | ||
| 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 | 29-May-2025 12:30:00 | ||
| End date and time of board meeting | 29-May-2025 14:30:00 | ||
| 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 | Declaration of unmodified opinion | ||
| 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 | 2025-03-27 | ||
| 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 aaplicable | |||
Financial Results Ind-AS |
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|---|---|---|---|
| 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-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 19133360000 | 73685820000 | |
| Other income | 165770000 | 276240000 | |
| Total income | 19299130000 | 73962060000 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 12326830000 | 48960090000 |
| (b) | Purchases of stock-in-trade | 0 | 0 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 308170000 | -286400000 |
| (d) | Employee benefit expense | 1590510000 | 6693880000 |
| (e) | Finance costs | 385280000 | 1622260000 |
| (f) | Depreciation, depletion and amortisation expense | 633680000 | 2517360000 |
| (f) | Other Expenses | ||
| 1 | Foreign exchange (gain)/loss (net) | -59640000 | -96990000 |
| 2 | Consumption of Stores, Spares and Tools | 223710000 | 845870000 |
| 3 | Consumption of Packing Material | 234150000 | 912350000 |
| 4 | Water and Electricity Charges | 415570000 | 1699810000 |
| 5 | Contract Labour Cost | 773010000 | 3035460000 |
| 6 | Freight and Forwarding Expenses | 257990000 | 1012710000 |
| 7 | Legal and Professional Fees | 99430000 | 471620000 |
| 8 | Other Expenses | 750820000 | 2767160000 |
| Total other expenses | 2695040000 | 10647990000 | |
| Total expenses | 17939510000 | 70155180000 | |
| 3 | Total profit before exceptional items and tax | 1359620000 | 3806880000 |
| 4 | Exceptional items | -95420000 | -208120000 |
| 5 | Total profit before tax | 1264200000 | 3598760000 |
| 6 | Tax expense | ||
| 7 | Current tax | 0 | -5320000 |
| 8 | Deferred tax | 207580000 | 845580000 |
| 9 | Total tax expenses | 207580000 | 840260000 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | 0 |
| 11 | Net Profit Loss for the period from continuing operations | 1056620000 | 2758500000 |
| 12 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 13 | Tax expense of discontinued operations | 0 | 0 |
| 14 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | 0 |
| 16 | Total profit (loss) for period | 1056620000 | 2758500000 |
| 17 | Other comprehensive income net of taxes | 3660000 | 3660000 |
| 18 | Total Comprehensive Income for the period | 1060280000 | 2762160000 |
| 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 | 152790000 | 152790000 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 17724650000 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 6.92 | 18.05 | |
| Diluted earnings (loss) per share from continuing operations | 6.92 | 18.05 | |
| 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 | 6.92 | 18.05 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.92 | 18.05 | |
| 24 | Debt equity ratio | 0.0048 | 0.0048 |
| 25 | Debt service coverage ratio | 0.0221 | 0.0179 |
| 26 | Interest service coverage ratio | 0.0617 | 0.049 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
Disclosure of notes on financial results |
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| Textual Information(1) | 6.During the year ended March 31, 2024, the Company derecognised (written-off) loans given to VarrocCorp Holding BV ('VCHBV'), Netherlands including interest on such loans aggregating to Rs. 13,533.33 million (including Rs. 1,736.89 million by VPL, wholly owned subsidiary, now merged with the Company as explained in Note 2) after making requisite submissions to AD Bank. The Company claimed this write-off on loans as an allowable business loss, considering that these loans extended to VCHBV were in the nature of trade investments to derive benefits for the Company's businesses rather than for earning dividend/capital appreciation. The Company obtained legal opinions from two independent senior counsels who have supported their view on claiming this write-off of loans as an allowable business loss. Accordingly, VPL considered this loss as tax deductible for computation of current tax provision to the extent of Rs. 437.14 million and VEL recognised deferred tax asset of Rs. 2,968.93 million on such loss during the year ended March 31, 2024. These loans pertained to funding of Varroc Lighting Systems ('VLS') entities (erstwhile subsidiaries of VCHBV) which were fully provided for during the period ended September 30, 2022 when the VLS business was sold to Compagnie Plastic Omnium SE, France. Further, VEL shifted to new tax regime under section 115BAA of Income Tax Act, 1961 from financial year ended March 31, 2024. As a result, MAT credit of Rs. 265.34 million was written off and deferred tax liability to the extent of Rs. 254.54 million was reversed on account of lower tax rate under new regime, which were included in the total tax expense for the year ended March 31, 2024. n7.Other Income for the year ended March 31, 2025 and March 31, 2024 includes dividend received from a subsidiary company of Rs. 125.79 million. n8.During the year ended March 31, 2024, the Company issued 25,000 number of listed Non-Convertible Debentures (‘NCD’) of face value of Rs. 1,00,000 each aggregating to Rs. 2,500 million on a private placement basis. The NCDs are repayable in 16 equal quarterly instalments beginning from December 07, 2024. Further, NCD holders have a put option after 30 months and 42 months respectively from date of allotment, requiring the Company to redeem all the NCDs. The Company shall at all times until the Final Settlement Date maintain a minimum Security Cover of at least 1.1x. The proceeds from the issue have been utilised for repayment of existing listed NCDs, other outstanding debt and for general corporate purposes. These NCDs are secured by exclusive charge by way of hypothecation on the specific identified movable properties of the Company. The asset cover in respect of the Non-Convertible Debentures as on March 31, 2025 is 1.57 times of the total due amount which is higher than the requirement of 1.10 times as specified in the Debenture Trust Deed. n9.Varroc Engineering Limited ('the Company') and VarrocCorp Holding BV, Netherlands ('VCHBV', wholly owned subsidiary of VEL) (together referred to as 'Sellers') entered into a Securities Purchase Agreement dated April 29, 2022 as amended dated July 01, 2022, October 05, 2022 and May 12, 2023 (collectively referred to as 'SPA') with Compagnie Plastic Omnium SE, France (referred to as 'Buyer'), to divest the Sellers 4-Wheeler lighting business in the Americas and Europe ('VLS Business').Exceptional item of Rs 45 million for the year ended March 31, 2024 pertains to expenses directly related to sale of investment in VLS business. | ||
Remarks |
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| Debt equity ratio | |
| Debt service coverage ratio | |
| Interest service coverage ratio | |
Statement of Asset and Liabilities |
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|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-Apr-2024 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Standalone | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 16067270000 | ||
| Capital work-in-progress | 708620000 | ||
| Investment property | 0 | ||
| Goodwill | 183900000 | ||
| Other intangible assets | 314890000 | ||
| Intangible assets under development | 26640000 | ||
| Biological assets other than bearer plants | 0 | ||
| Investments accounted for using equity method | 0 | ||
| Non-current financial assets | |||
| Non-current investments | 8373730000 | ||
| Trade receivables, non-current | 0 | ||
| Loans, non-current | 0 | ||
| Other non-current financial assets | 289330000 | ||
| Total non-current financial assets | 8663060000 | ||
| Deferred tax assets (net) | 815380000 | ||
| Other non-current assets | 891820000 | ||
| Total non-current assets | 27671580000 | ||
| 2 | Current assets | ||
| Inventories | 5831980000 | ||
| Current financial asset | |||
| Current investments | 0 | ||
| Trade receivables, current | 5227800000 | ||
| Cash and cash equivalents | 591420000 | ||
| Bank balance other than cash and cash equivalents | 412050000 | ||
| Loans, current | 1290010000 | ||
| Other current financial assets | 136210000 | ||
| Total current financial assets | 7657490000 | ||
| Current tax assets (net) | 0 | ||
| Other current assets | 2966140000 | ||
| Total current assets | 16455610000 | ||
| 3 | Non-current assets classified as held for sale | 0 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0 | |
| Total assets | 44127190000 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 152790000 | ||
| Other equity | 17724650000 | ||
| Total equity attributable to owners of parent | 17877440000 | ||
| Non controlling interest | |||
| Total equity | 17877440000 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 3129960000 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0 | ||
| Total Trade payable | 0 | ||
| Other non-current financial liabilities | 927340000 | ||
| Total non-current financial liabilities | 4057300000 | ||
| Provisions, non-current | 144700000 | ||
| Deferred tax liabilities (net) | 0 | ||
| Deferred government grants, Non-current | 226250000 | ||
| Other non-current liabilities | 0 | ||
| Total non-current liabilities | 4428250000 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 5427180000 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 1782370000 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 10808240000 | ||
| Total Trade payable | 12590610000 | ||
| Other current financial liabilities | 2119640000 | ||
| Total current financial liabilities | 20137430000 | ||
| Other current liabilities | 1310460000 | ||
| Provisions, current | 277690000 | ||
| Current tax liabilities (Net) | 0 | ||
| Deferred government grants, Current | 95920000 | ||
| Total current liabilities | 21821500000 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0 | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0 | |
| Total liabilities | 26249750000 | ||
| Total equity and liabilites | 44127190000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results |
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|---|---|---|---|---|---|---|---|
| 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-Jan-2025 | 01-Apr-2024 | |||||
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |||||
| Whether accounts 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 | Textual Information(2) | ||||||
Text Block |
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| Textual Information(2) | 1.The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 29, 2025 and were subjected to audit by the Statutory Auditors. n2.The figures for the quarters ended March 31, 2025 and March 31, 2024 are the derived figures between the audited figures in respect of full financial year and the unaudited published yearto- ndate figures upto the third quarter of the respective financial year which were subjected to limited review. n3.Pursuant to provisions of Section 230-232 of the Companies Act, 2013, the Board of Directors of the Company on May 17, 2024 had approved the scheme of amalgamation of Varroc Polymers Limited ('VPL') (a wholly owned subsidiary of the Company) with Varroc Engineering Limited ('VEL') with appointed date of April 01, 2024 ('the Scheme'). National Company Law Tribunal ('NCLT') approved the above scheme vide its order dated January 10, 2025 and the merger became effective on February 01, 2025 on filing of the NCLT order with the Registrar of Companies. The merger has been accounted as business combination of entities under common control as per Appendix C to Ind AS 103 - Business Combinations. nAccordingly, the comparative periods for the quarter and year ended March 31, 2024 presented in the standalone results have been restated to include the effects of this merger. n4.During the previous year ended March 31, 2024, the Company received eligibility certificates (ECs) in respect of three plants in Aurangabad/Pune under the Maharashtra Electronics Policy, n2016 effective from April 1, 2022 and valid for 10 years. Under these ECs, the Company is eligible to claim incentive in the form of refund of SGST paid on eligible sales from the respective plants. The Company has considered these as grants related to income under Ind AS 20 by recognizing the same as income in profit and loss based on SGST paid for the year.The amount of income recognised in the quarter and year ended March 31, 2024 in respect of the aforesaid ECs was Rs. 989.71 million pertaining to the period April 1, 2022 to March 31,2024. n5.a) On November 5, 2024, the Company received a GST Order from Additional Commissioner of CGST & Central Excise for appropriation of GST dues amounting to Rs. 629 million along nwith equivalent penalty and applicable interest relating to inappropriate classification of certain goods supplied during the period from July 1, 2017 to September 30, 2023. The Company has paid the principal demand, however, considering merits of the case, management believes that it has grounds to successfully defend and litigate the GST Order with respect to applicable interest and penalty for the aforementioned period. The Company has initiated appellate proceedings against this GST Order, pending conclusion of which no adjustments have been made in respect of this matter in the financial results for the quarter and year ended March 31, 2025. n5.b) On January 03, 2025, Varroc Polymers Limited ('VPL') (wholly owned subsidiary, now merged with the Company as explained in Note 3 above) received a GST Order from CommercialTax Officer (Divisonal GST office, Karnataka) consisting of demand for GST dues amounting to Rs. 0.03 million along with interest of Rs. 302.67 million and penalty of Rs. 564.19 million relating to inappropriate classification of certain goods supplied during the period from July 1, 2017 to September 30, 2023. VPL has paid the principal demand, however, considering merits of the case, management believes that it has grounds to successfully defend and litigate the GST Order with respect to the interest and penalty for the aforementioned period. The Company has initiated appellate proceedings against this GST Order, pending conclusion of which no adjustments have been made in respect of this matter in the financial results for the quarter and year ended March 31, 2025. |
Other Comprehensive Income |
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|---|---|---|---|
| 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-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| 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) | 4890000 | 4890000 |
| Total Amount of items that will not be reclassified to profit and loss | 4890000 | 4890000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 1230000 | 1230000 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | 0 |
| 5 | Total Other comprehensive income | 3660000 | 3660000 |
Cash flow statement, indirect |
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| Particulars | Year ended (dd-mm-yyyy) | |||||
| A | Date of start of reporting period | 01-Apr-2024 | ||||
| B | Date of end of reporting period | 31-Mar-2025 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Part I | Blue color marked fields are non-mandatory. | |||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 3598760000 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 1622260000 | |||||
| Adjustments for decrease (increase) in inventories | -760490000 | |||||
| Adjustments for decrease (increase) in trade receivables, current | -1739720000 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0 | |||||
| Adjustments for decrease (increase) in other current assets | -902180000 | |||||
| Adjustments for decrease (increase) in other non-current assets | 156610000 | |||||
| Adjustments for other financial assets, non-current | 23820000 | |||||
| Adjustments for other financial assets, current | 147710000 | |||||
| Adjustments for other bank balances | 0 | |||||
| Adjustments for increase (decrease) in trade payables, current | 1448090000 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0 | |||||
| Adjustments for increase (decrease) in other current liabilities | -13110000 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 168970000 | |||||
| Adjustments for depreciation and amortisation expense | 2517360000 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0 | |||||
| Adjustments for provisions, current | 11990000 | |||||
| Adjustments for provisions, non-current | 14630000 | |||||
| Adjustments for other financial liabilities, current | 615280000 | |||||
| Adjustments for other financial liabilities, non-current | 0 | |||||
| Adjustments for unrealised foreign exchange losses gains | -23220000 | |||||
| Adjustments for dividend income | 125790000 | |||||
| Adjustments for interest income | 120160000 | |||||
| Adjustments for share-based payments | 0 | |||||
| Adjustments for fair value losses (gains) | 0 | |||||
| Adjustments for undistributed profits of associates | 0 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | -720000 | |||||
| Other adjustments to reconcile profit (loss) | 208120000 | |||||
| Other adjustments for non-cash items | -20370000 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Total adjustments for reconcile profit (loss) | 3229080000 | |||||
| Net cash flows from (used in) operations | 6827840000 | |||||
| Dividends received | 0 | |||||
| Interest paid | 0 | |||||
| Interest received | 0 | |||||
| Income taxes paid (refund) | -245490000 | |||||
| Other inflows (outflows) of cash | 0 | |||||
| Net cash flows from (used in) operating activities | 7073330000 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0 | |||||
| Other cash receipts from sales of interests in joint ventures | 0 | |||||
| Other cash payments to acquire interests in joint ventures | 0 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Proceeds from sales of property, plant and equipment | 87000000 | |||||
| Purchase of property, plant and equipment | 2721100000 | |||||
| Proceeds from sales of investment property | 0 | |||||
| Purchase of investment property | 0 | |||||
| Proceeds from sales of intangible assets | 0 | |||||
| Purchase of intangible assets | 0 | |||||
| Proceeds from sales of intangible assets under development | 0 | |||||
| Purchase of intangible assets under development | 0 | |||||
| Proceeds from sales of goodwill | 0 | |||||
| Purchase of goodwill | 0 | |||||
| Proceeds from biological assets other than bearer plants | 0 | |||||
| Purchase of biological assets other than bearer plants | 0 | |||||
| Proceeds from government grants | 0 | |||||
| Proceeds from sales of other long-term assets | 0 | |||||
| Purchase of other long-term assets | 97190000 | |||||
| Cash advances and loans made to other parties | 194350000 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0 | |||||
| Dividends received | 125790000 | |||||
| Interest received | 66690000 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 419410000 | |||||
| Net cash flows from (used in) investing activities | -2313750000 | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0 | |||||
| Payments from changes in ownership interests in subsidiaries | 0 | |||||
| Proceeds from issuing shares | 0 | |||||
| Proceeds from issuing other equity instruments | 0 | |||||
| Payments to acquire or redeem entity's shares | 0 | |||||
| Payments of other equity instruments | 0 | |||||
| Proceeds from exercise of stock options | 0 | |||||
| Proceeds from issuing debentures notes bonds etc | 0 | |||||
| Proceeds from borrowings | 1606100000 | |||||
| Repayments of borrowings | 4459340000 | |||||
| Payments of lease liabilities | 467430000 | |||||
| Dividends paid | 0 | |||||
| Interest paid | 1532440000 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 0 | |||||
| Net cash flows from (used in) financing activities | -4853110000 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -93530000 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0 | |||||
| Net increase (decrease) in cash and cash equivalents | -93530000 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 684950000 | |||||
| Cash and cash equivalents cash flow statement at end of period | 591420000 | |||||
Details of Impact of Audit Qualification |
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|---|---|
| Whether results are audited or unaudited | Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's 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 | Yes |
| 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-Feb-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 | 130000000 | Within Limit | 77720000 | 6800000 | 7240000 | ||||||||||||||||
| 2 | Varroc Engineering Limited | Endurance Technologies Ltd | Enterprises Owned or controlled by key management personnel and/or their relatives | Sale of goods or services | 30000000 | Within Limit | 2640000 | 350000 | 1060000 | ||||||||||||||||
| 3 | Varroc Engineering Limited | Endurance Adler S.P.A. | Enterprises Owned or controlled by key management personnel and/or their relatives | Sale of goods or services | 25000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 4 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Sale of goods or services | 15000000 | Within Limit | 0 | 5100000 | 5040000 | ||||||||||||||||
| 5 | Varroc Engineering Limited | Varroc Dellórto Private Limited | Jointly Controlled Entities | Sale of goods or services | 350000000 | Within Limit | 80120000 | 24460000 | 35940000 | ||||||||||||||||
| 6 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Sale of goods or services | 30000000 | Within Limit | 0 | 65240000 | 64540000 | ||||||||||||||||
| 7 | Varroc Engineering Limited | Varroc Romania S.A. | Fellow subsidiary | Sale of goods or services | 5000000 | Within Limit | 0 | 0 | 440000 | ||||||||||||||||
| 8 | Varroc Engineering Limited | Varroc Vietnam Co. Ltd. | Step down subsidiary | Sale of goods or services | 10000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 9 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Sale of goods or services | 10000000 | Within Limit | 70000 | 0 | 0 | ||||||||||||||||
| 10 | Varroc Engineering Limited | Chongqing Varroc TYC Auto Lamps Co, China | Jointly Controlled Entities | Sale of goods or services | 10000000 | Within Limit | 0 | 1910000 | 0 | ||||||||||||||||
| 11 | Varroc Engineering Limited | Varroc Germany GmBH | Step down subsidiary | Sale of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 12 | Varroc Engineering Limited | Varroc Poland s.p.z.oo | Step down subsidiary | Sale of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 13 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Sale of goods or services | 50000000 | Within Limit | 0 | 430000 | 0 | ||||||||||||||||
| 14 | Varroc Engineering Limited | Scarpa & Colombo S.r.L | Enteprises which exercise significant influence over direct subsidiary | Sale of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 15 | Varroc Engineering Limited | Freccia International S.r.l, Italy | Enteprises which exercise significant influence over direct subsidiary | Sale of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 16 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Any other transaction | Guarantee commission received | 0 | Within Limit | 1570000 | 11980000 | 13460000 | |||||||||||||||
| 17 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Any other transaction | Guarantee commission received | 0 | Not Applicable | 110000 | 0 | 110000 | |||||||||||||||
| 18 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Any other transaction | Management consultancy fees received | 7500000 | Within Limit | 2500000 | 1350000 | 1350000 | |||||||||||||||
| 19 | Varroc Engineering Limited | Varroc Dellórto Private Limited | Jointly Controlled Entities | Any other transaction | Management consultancy fees received | 10000000 | Within Limit | 3970000 | 2090000 | 2760000 | |||||||||||||||
| 20 | Varroc Engineering Limited | Varroc Dellórto Private Limited | Jointly Controlled Entities | Any other transaction | Rent received | 10000000 | Within Limit | 1250000 | 940000 | 470000 | |||||||||||||||
| 21 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Any other transaction | Rent received | 2000000 | Within Limit | 300000 | 350000 | 710000 | |||||||||||||||
| 22 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Interest received | 0 | Within Limit | 3000000 | 10930000 | 270000 | ||||||||||||||||
| 23 | Varroc Engineering Limited | VarrocCorp Holding B.V, The Netherlands | Direct Subsidiary | Interest received | 0 | Not Applicable | 29800000 | 57740000 | 80760000 | ||||||||||||||||
| 24 | Varroc Engineering Limited | Varroc European Holding B.V.,The Netherlands | Direct Subsidiary | Interest received | 0 | Not Applicable | 230000 | 3410000 | 3640000 | ||||||||||||||||
| 25 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Loan | 150000000 | Within Limit | 43500000 | 41500000 | 85000000 | ||||||||||||||||
| 26 | Varroc Engineering Limited | VarrocCorp Holding B.V, The Netherlands | Direct Subsidiary | Loan | 1500000000 | Within Limit | -351890000 | 1367980000 | 1031260000 | ||||||||||||||||
| 27 | Varroc Engineering Limited | Varroc European Holding B.V.,The Netherlands | Direct Subsidiary | Loan | 100000000 | Within Limit | 92380000 | 199800000 | 292180000 | ||||||||||||||||
| 28 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 10000000 | Within Limit | 1480000 | 740000 | 250000 | |||||||||||||||
| 29 | Varroc Engineering Limited | Varroc Dellórto Private Limited | Jointly Controlled Entities | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 5000000 | Within Limit | 620000 | 0 | 0 | |||||||||||||||
| 30 | Varroc Engineering Limited | Varroc Vietnam Co. Ltd. | Step down subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 1000000 | Within Limit | 280000 | 0 | 300000 | |||||||||||||||
| 31 | Varroc Engineering Limited | VarrocCorp Holding B.V, The Netherlands | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 70000000 | Within Limit | 34640000 | 0 | 35260000 | |||||||||||||||
| 32 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 10000000 | Within Limit | 570000 | 7920000 | 8530000 | |||||||||||||||
| 33 | Varroc Engineering Limited | Varroc Poland s.p.z.oo | Step down subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 1000000 | Within Limit | 0 | 0 | 0 | |||||||||||||||
| 34 | Varroc Engineering Limited | Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. | Step down subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 1000000 | Within Limit | 0 | 0 | 0 | |||||||||||||||
| 35 | Varroc Engineering Limited | Varroc Japan Co. Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Received/ Receivable) | 1000000 | Within Limit | 0 | 0 | 0 | |||||||||||||||
| 36 | Varroc Engineering Limited | Chongqing Varroc TYC Auto Lamps Co, China | Jointly Controlled Entities | Any other transaction | Royalty Received/Receivable | 0 | Within Limit | 209990000 | 0 | 20410000 | |||||||||||||||
| 37 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Dividend received | 150000000 | Within Limit | 125790000 | 0 | 0 | ||||||||||||||||
| 38 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Purchase of goods or services | 130000000 | Within Limit | 26960000 | 7730000 | 4520000 | ||||||||||||||||
| 39 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Purchase of goods or services | 70000000 | Within Limit | 7580000 | 1300000 | 4790000 | ||||||||||||||||
| 40 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Purchase of goods or services | 30000000 | Within Limit | 2070000 | 13070000 | 21680000 | ||||||||||||||||
| 41 | Varroc Engineering Limited | Varroc Japan Co. Limited | Direct Subsidiary | Purchase of goods or services | 50000000 | Within Limit | 21730000 | 10620000 | 13990000 | ||||||||||||||||
| 42 | Varroc Engineering Limited | Endurance Technologies Ltd | Enterprises Owned or controlled by key management personnel and/or their relatives | Purchase of goods or services | 65000000 | Within Limit | 28070000 | 10690000 | 8470000 | ||||||||||||||||
| 43 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Purchase of goods or services | 100000000 | Within Limit | 10020000 | 560000 | 7620000 | ||||||||||||||||
| 44 | Varroc Engineering Limited | Varroc Poland s.p.z.oo | Step down subsidiary | Purchase of goods or services | 450000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 45 | Varroc Engineering Limited | Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. | Step down subsidiary | Purchase of goods or services | 5000000 | Within Limit | 1340000 | 490000 | 30000 | ||||||||||||||||
| 46 | Varroc Engineering Limited | Scarpa & Colombo S.r.L | Enteprises which exercise significant influence over direct subsidiary | Purchase of goods or services | 15000000 | Within Limit | 0 | 0 | 7490000 | ||||||||||||||||
| 47 | Varroc Engineering Limited | Freccia International S.r.l, Italy | Enteprises which exercise significant influence over direct subsidiary | Purchase of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 48 | Varroc Engineering Limited | Endurance Adler S.P.A. | Enterprises Owned or controlled by key management personnel and/or their relatives | Purchase of goods or services | 10000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 49 | Varroc Engineering Limited | Varroc Romania S.A. | Fellow subsidiary | Purchase of goods or services | 5000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 50 | Varroc Engineering Limited | Varroc Germany GmBH | Step down subsidiary | Purchase of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 51 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Purchase of goods or services | 15000000 | Within Limit | 0 | 0 | 0 | ||||||||||||||||
| 52 | Varroc Engineering Limited | Mr. Gautam Khandelwal | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | 0 | Not Applicable | 1540000 | 0 | 1540000 | |||||||||||||||
| 53 | Varroc Engineering Limited | Mr. Marc Szulewicz | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | 0 | Not Applicable | 1320000 | 0 | 1320000 | |||||||||||||||
| 54 | Varroc Engineering Limited | Mrs. Vijaya Sampath | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | 0 | Not Applicable | 2200000 | 0 | 2200000 | |||||||||||||||
| 55 | Varroc Engineering Limited | Mr. Vinish Kathuria | Independent Director | Any other transaction | Professional charges /Commission Paid/Payable | 0 | Not Applicable | 1960000 | 0 | 1960000 | |||||||||||||||
| 56 | Varroc Engineering Limited | Mr. Tarang Jain | Chairman and Managing Director | Remuneration | 0 | Not Applicable | 62930000 | 0 | 0 | ||||||||||||||||
| 57 | Varroc Engineering Limited | Mr. Arjun Jain | Whole time Directors | Remuneration | 0 | Not Applicable | 11560000 | 0 | 0 | ||||||||||||||||
| 58 | Varroc Engineering Limited | Mr. K. Mahendra Kumar | Group Chief Finance Officer | Remuneration | 0 | Not Applicable | 19580000 | 0 | 0 | ||||||||||||||||
| 59 | Varroc Engineering Limited | Mr. Ajay Kumar Sharma | Company Secretary | Remuneration | 0 | Not Applicable | 6730000 | 0 | 0 | ||||||||||||||||
| 60 | Varroc Engineering Limited | Mr. Tarun Tyagi | Whole time Directors | Remuneration | 0 | Within Limit | 3230000 | 0 | 0 | ||||||||||||||||
| 61 | Varroc Engineering Limited | Mr. Vidyadhar Limaye | Whole time Directors | Remuneration | 0 | Within Limit | 4850000 | 0 | 0 | ||||||||||||||||
| 62 | Varroc Engineering Limited | Mr. Gautam Khandelwal | Independent Director | Any other transaction | Directors sitting fees | 0 | Within Limit | 940000 | 0 | 600000 | |||||||||||||||
| 63 | Varroc Engineering Limited | Mr. Marc Szulewicz | Independent Director | Any other transaction | Directors sitting fees | 0 | Within Limit | 420000 | 0 | 200000 | |||||||||||||||
| 64 | Varroc Engineering Limited | Mrs. Vijaya Sampath | Independent Director | Any other transaction | Directors sitting fees | 0 | Within Limit | 800000 | 0 | 400000 | |||||||||||||||
| 65 | Varroc Engineering Limited | Mr. Vinish Kathuria | Independent Director | Any other transaction | Directors sitting fees | 0 | Within Limit | 740000 | 0 | 300000 | |||||||||||||||
| 66 | Varroc Engineering Limited | Varroc Connect Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Paid/Payable) | 15000000 | Within Limit | 0 | 0 | 370000 | |||||||||||||||
| 67 | Varroc Engineering Limited | Durovalves India Private Limited | Direct Subsidiary | Any other transaction | Reimbursement of expenses (Paid/Payable) | 1000000 | Within Limit | 0 | 0 | 0 | |||||||||||||||
| 68 | Varroc Engineering Limited | Varroc Dellórto Private Limited | Jointly Controlled Entities | Any other transaction | Reimbursement of expenses (Paid/Payable) | 2000000 | Within Limit | 0 | 0 | 0 | |||||||||||||||
| 69 | Varroc Engineering Limited | Scarpa & Colombo S.r.L | Enterprises which exercise significant influence over direct subsidiary | Any other transaction | Reimbursement of expenses (Paid/Payable) | 1000000 | Within Limit | 0 | 9330000 | 0 | |||||||||||||||
| 70 | Varroc Engineering Limited | Freccia International S.r.l, Italy | Enteprises which exercise significant influence over direct subsidiary | Any other transaction | Reimbursement of expenses (Paid/Payable) | 2000000 | Within Limit | 0 | 310000 | 310000 | |||||||||||||||
| 71 | Varroc Engineering Limited | Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. | Step down subsidiary | Any other transaction | Reimbursement of expenses (Paid/Payable) | 5000000 | Within Limit | 0 | 0 | 270000 | |||||||||||||||
| 72 | Varroc Engineering Limited | Varroc Electronics Romania S.r.l. | Step down subsidiary | Any other transaction | Corporate guarantees/ stand by letter of credit | 750000000 | Within Limit | 0 | 299960000 | 378320000 | |||||||||||||||
| 73 | Varroc Engineering Limited | Industria Meccanica E Stampaggio S.p.a. | Step down subsidiary | Any other transaction | Corporate guarantees/ stand by letter of credit | 510000000 | Within Limit | 0 | 0 | 92480000 | |||||||||||||||
| 74 | Varroc Engineering Limited | Varroc Foundation | Enterprises Owned or controlled by key management personnel and/or their relatives | Any other transaction | Corporate Social Responsibility (CSR) | 100000000 | Within Limit | 15450000 | 0 | 0 | |||||||||||||||
| 75 | Varroc Engineering Limited | Dellorto S.P.A. | JV Partner | Any other transaction | Royalty Paid/Payable | 30000000 | Within Limit | 2730000 | 0 | 2080000 | |||||||||||||||
| 76 | Varroc Engineering Limited | Chongqing Varroc TYC Auto Lamps Co, China | Jointly Controlled Entities | Any other transaction | Service Fees (R&D Services) | 0 | Not Applicable | 0 | 270000 | 0 | |||||||||||||||
| 77 | Varroc Engineering Limited | Varroc Italy S.p.A. | Step down subsidiary | Any other transaction | Admin Charges Paid | 20000000 | Within Limit | 9900000 | 7130000 | 10800000 | |||||||||||||||
| 78 | Varroc Engineering Limited | MS Consulting S.A.R.L | Enterprises Owned or controlled by key management personnel and/or their relatives | Any other transaction | Professional Fees | 5000000 | Within Limit | 0 | 0 | 0 | |||||||||||||||
| 79 | Varroc Engineering Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over direct subsidiary | Any other transaction | Sale Commission Paid/payable | 10000000 | Within Limit | 3570000 | 0 | 0 | |||||||||||||||
| 80 | Durovalves India Private Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over the company | Sale of goods or services | 300000000 | Within Limit | 62060000 | 91590000 | 91940000 | ||||||||||||||||
| 81 | Durovalves India Private Limited | Freccia International S.r.l, Italy | Enteprises which exercise significant influence over the company | Sale of goods or services | 150000000 | Within Limit | 12600000 | 13460000 | 27270000 | ||||||||||||||||
| 82 | Durovalves India Private Limited | Varroc Connect Private Limited | Fellow subsidiary | Purchase of goods or services | 1000000 | Within Limit | 10000 | 0 | 0 | ||||||||||||||||
| 83 | Durovalves India Private Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over the company | Purchase of goods or services | 5000000 | Within Limit | 0 | 420000 | 5140000 | ||||||||||||||||
| 84 | 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) | 20000000 | Within Limit | 3960000 | 0 | 0 | |||||||||||||||
| 85 | 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) | 1000000 | Within Limit | 720000 | 220000 | 530000 | |||||||||||||||
| 86 | Durovalves India Private Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over the company | Any other transaction | Sale Commission Paid/payable | 0 | Not Applicable | 690000 | 0 | 0 | |||||||||||||||
| 87 | Durovalves India Private Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over the company | Dividend paid | 50000000 | Within Limit | 30160000 | 0 | 30160000 | ||||||||||||||||
| 88 | Durovalves India Private Limited | Freccia International S.r.l, Italy | Enteprises which exercise significant influence over the company | Dividend paid | 50000000 | Within Limit | 16880000 | 0 | 16880000 | ||||||||||||||||
| 89 | Durovalves India Private Limited | Scarpa & Colombo S.r.l, Italy | Enteprises which exercise significant influence over the company | Any other transaction | Reimbursement of expenses (received/ receivable) | 1000000 | Within Limit | 20000 | 0 | 0 | |||||||||||||||
| 90 | Varroc Lighting Systems Bulgaria EOOD | VarrocCorp Holding B.V, The Netherlands | Holding Company | Interest paid | 0 | Not Applicable | 10370000 | 71650000 | 80530000 | ||||||||||||||||
| 91 | Varroc Germany GmBH | VarrocCorp Holding B.V, The Netherlands | Holding Company | Interest paid | 0 | Not Applicable | 7300000 | 15940000 | 23210000 | ||||||||||||||||
| 92 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Interest received | 0 | Not Applicable | 14070000 | 49140000 | 69340000 | ||||||||||||||||
| 93 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Purchase of goods or services | 550000000 | Within Limit | 188880000 | 124460000 | 71810000 | ||||||||||||||||
| 94 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Any other transaction | Inter company expenses | 16000000 | Within Limit | 6410000 | 0 | 0 | |||||||||||||||
| 95 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Sale of goods or services | 35000000 | Within Limit | 12360000 | 5090000 | 3490000 | ||||||||||||||||
| 96 | Varroc Italy S.p.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Any other transaction | Inter company expenses | 15000000 | Within Limit | 5980000 | 120000 | 12160000 | |||||||||||||||
| 97 | Varroc Italy S.p.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Sale of goods or services | 32000000 | Within Limit | 16380000 | 6160000 | 16810000 | ||||||||||||||||
| 98 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Sale of goods or services | 42000000 | Within Limit | 1540000 | 0 | 0 | ||||||||||||||||
| 99 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Any other transaction | BU Income | 0 | Not Applicable | 15050000 | 13470000 | 12190000 | |||||||||||||||
| 100 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Any other transaction | Royalty Income | 30000000 | Within Limit | 11520000 | 0 | 0 | |||||||||||||||
| 101 | Varroc Italy S.p.A. | Varroc Vietnam Co. Ltd. | Direct Subsidiary | Any other transaction | Inter company expenses | 0 | Not Applicable | 2170000 | 550000 | 5490000 | |||||||||||||||
| 102 | Varroc Italy S.p.A. | VarrocCorp Holding B.V, The Netherlands | Holding Company | Interest received | 0 | Not Applicable | 0 | 2420000 | 2390000 | ||||||||||||||||
| 103 | Varroc Poland s.p.z.oo | VarrocCorp Holding B.V, The Netherlands | Holding Company | Interest paid | 0 | Not Applicable | 1170000 | 12370000 | 0 | ||||||||||||||||
| 104 | Varroc Poland s.p.z.oo | Varroc Vietnam Co. Ltd. | Subsidiary of fellow subsidiary | Sale of goods or services | 10410000 | Within Limit | 8700000 | 750000 | 1480000 | ||||||||||||||||
| 105 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary of Holding company | Interest received | 0 | Not Applicable | -15420000 | 12650000 | 77980000 | ||||||||||||||||
| 106 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary of Holding company | Any other transaction | Inter company transactions | 0 | Not Applicable | 1790000 | 55040000 | 55040000 | |||||||||||||||
| 107 | Varroc Romania S.A. | Varroc Vietnam Co. Ltd. | Fellow subsidiary | Sale of goods or services | 1550000 | Within Limit | 12560000 | 4430000 | 15800000 | ||||||||||||||||
| 108 | Varroc Romania S.A. | Varroc Vietnam Co. Ltd. | Fellow subsidiary | Any other transaction | Inter company transactions | 0 | Not Applicable | 5170000 | 0 | 0 | |||||||||||||||
| 109 | Varroc Electronics Romania S.r.l. | VarrocCorp Holding B.V, The Netherlands | Holding Company | Interest paid | 0 | Not Applicable | 550000 | 41450000 | 9230000 | ||||||||||||||||
| 110 | Varroc Electronics Romania S.r.l. | Varroc Vietnam Co. Ltd. | Subsidiary of fellow subsidiary | Any other transaction | Inter company transactions | 0 | Not Applicable | 8690000 | 2130000 | 3580000 | |||||||||||||||
| 111 | Varroc Lighting Systems Bulgaria EOOD | VarrocCorp Holding B.V, The Netherlands | Holding Company | Loan | 486490000 | Within Limit | 0 | 432450000 | 380660000 | ||||||||||||||||
| 112 | Varroc Lighting Systems Bulgaria EOOD | Varroc Italy S.p.A. | Fellow subsidiary | Any other transaction | Other receivables | 0 | Not Applicable | 0 | 19920000 | 19710000 | |||||||||||||||
| 113 | Varroc Lighting Systems Bulgaria EOOD | VarrocCorp Holding B.V, The Netherlands | Holding Company | Any other transaction | Other payable | 0 | Not Applicable | 0 | 59940000 | 59290000 | |||||||||||||||
| 114 | Varroc Germany GmBH | VarrocCorp Holding B.V, The Netherlands | Holding Company | Loan | 440500000 | Within Limit | 47720000 | 217220000 | 264940000 | ||||||||||||||||
| 115 | Varroc Italy S.p.A. | Varroc Romania S.A. | Direct Subsidiary | Loan | 486930000 | Within Limit | 0 | 389590000 | 385380000 | ||||||||||||||||
| 116 | Varroc Poland s.p.z.oo | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Any other transaction | Other receivables | 0 | Not Applicable | 0 | 21370000 | 21170000 | |||||||||||||||
| 117 | Varroc Poland s.p.z.oo | Varroc Electronics Romania S.r.l. | Fellow subsidiary | Any other transaction | Other payable | 0 | Not Applicable | 0 | 32620000 | 300000 | |||||||||||||||
| 118 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary of Holding company | Loan | 372130000 | Within Limit | 0 | 261490000 | 258660000 | ||||||||||||||||
| 119 | Varroc Romania S.A. | Varroc Electronics Romania S.r.l. | Fellow subsidiary of Holding company | Any other transaction | Other payables | 0 | Not Applicable | 0 | 7710000 | 1460000 | |||||||||||||||
| 120 | Varroc Romania S.A. | VarrocCorp Holding B.V, The Netherlands | Step down subsidiary | Any other transaction | Other payables | 0 | Not Applicable | 0 | 110210000 | 109010000 | |||||||||||||||
| 121 | Varroc Romania S.A. | VarrocCorp Holding B.V, The Netherlands | Step down subsidiary | Any other transaction | Other receivables | 0 | Not Applicable | 0 | 53580000 | 52990000 | |||||||||||||||
| 122 | Varroc Romania S.A. | Varroc Vietnam Co. Ltd. | Fellow subsidiary | Any other transaction | Other payables | 0 | Not Applicable | 0 | 20000 | 10000 | |||||||||||||||
| 123 | Varroc Electronics Romania S.r.l. | VarrocCorp Holding B.V, The Netherlands | Holding Company | Loan | 464090000 | Within Limit | -32840000 | 46700000 | 13860000 | ||||||||||||||||
| 124 | Industria Meccanica E Stampaggio S.p.a. | VarrocCorp Holding B.V, The Netherlands | Subsidiary of fellow subsidiary | Interest paid | 0 | Not Applicable | 8780000 | 48570000 | 57000000 | ||||||||||||||||
| 125 | Industria Meccanica E Stampaggio S.p.a. | VarrocCorp Holding B.V, The Netherlands | Subsidiary of fellow subsidiary | Loan | 600000000 | Within Limit | 0 | 350210000 | 346430000 | ||||||||||||||||
| 126 | VarrocCorp Holding B.V, The Netherlands | Varroc European Holding B.V.,The Netherlands | Fellow subsidiary | Interest received | 0 | Not Applicable | 85460000 | 576700000 | 657620000 | ||||||||||||||||
| 127 | VarrocCorp Holding B.V, The Netherlands | Varroc European Holding B.V.,The Netherlands | Fellow subsidiary | Loan | 4080000000 | Within Limit | -115970000 | 2907350000 | 2791380000 | ||||||||||||||||
| 128 | Industria Meccanica E Stampaggio S.p.a. | Nuova CTS S.r.l, Italy | Jointly Controlled Entities | Sale of goods or services | 0 | Not Applicable | 2910000 | 320000 | 1460000 | ||||||||||||||||
| 129 | Industria Meccanica E Stampaggio S.p.a. | Nuova CTS S.r.l, Italy | Jointly Controlled Entities | Purchase of goods or services | 0 | Not Applicable | 46150000 | 12920000 | 20330000 | ||||||||||||||||
| 130 | Varroc Poland s.p.z.oo | Mr. Dhruv Jain | Director | Remuneration | 0 | Not Applicable | 7320000 | 0 | 0 | ||||||||||||||||
| 131 | VarrocCorp Holding B.V, The Netherlands | MS Consulting S.A.R.L | Enterprises Owned or controlled by key management personnel and/or their relatives | Any other transaction | Other payable | 0 | Not Applicable | 0 | 0 | 0 | |||||||||||||||
| 132 | Varroc Electronics Romania S.r.l. | Varroc Vietnam Co. Ltd. | Subsidiary of fellow subsidiary | Sale of goods or services | 1550000 | Within Limit | 50000 | 0 | 0 | ||||||||||||||||
| 133 | Varroc Lighting Systems Bulgaria EOOD | VarrocCorp Holding B.V, The Netherlands | Holding Company | Any other transaction | Others | 0 | Not Applicable | 0 | 0 | 0 | |||||||||||||||
| 134 | Varroc Electronics Romania S.r.l. | Varroc Italy S.p.A. | Fellow subsidiary | Purchase of goods or services | 32000000 | Within Limit | 23280000 | 0 | 0 | ||||||||||||||||
| 135 | Varroc Poland s.p.z.oo | VarrocCorp Holding B.V, The Netherlands | Holding Company | Loan | 0 | Not Applicable | -103940000 | 103940000 | 0 | ||||||||||||||||
| 136 | Varroc Poland s.p.z.oo | Chongqing Varroc TYC Auto Lamps Co, China | Joint Venture of holding company | Sale of goods or services | 0 | Not Applicable | 231320000 | 1910000 | 0 | ||||||||||||||||
| 137 | Industria Meccanica E Stampaggio S.p.a. | Varroc European Holding B.V.,The Netherlands | Holding Company | Interest paid | 0 | Not Applicable | 14260000 | 225100000 | 237210000 | ||||||||||||||||
| 138 | Industria Meccanica E Stampaggio S.p.a. | Varroc European Holding B.V.,The Netherlands | Holding Company | Loan | 0 | Not Applicable | -4740000 | 438700000 | 433960000 | ||||||||||||||||
| 139 | Industria Meccanica E Stampaggio S.p.a. | Varroc European Holding B.V.,The Netherlands | Holding Company | Any other transaction | Other payable | 0 | Not Applicable | 0 | 16240000 | 16060000 | |||||||||||||||
| Total value of transaction during the reporting period | 1260960000 | ||||||||||||||||||||||||