Varroc Engineering's 37th AGM: Resolutions Passed with Majority

* The 37th Annual General Meeting (AGM) of Varroc Engineering Limited was held on August 21, 2025, via video conferencing. * All resolutions outlined in the AGM notice were passed with an overwhelming majority. * Mr. Tarang Jain, Chairman and Managing Director, presided over the meeting. * The meeting included the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, and the reports of the Board of Directors and Auditors thereon. * A final dividend for the financial year 2024-25 was declared. * The meeting also covered the appointment and re-appointment of directors, including Mr. Tarang Jain and Mr. Dhruv Jain, and the appointment of Mr. Akshaykumar Chudasama and Mr. Padmanabh Sinha as Independent Directors. * Approval was granted for the appointment of M/s Uma Lodha & Co. as Secretarial Auditor and ratification of remuneration of Cost Auditor. * Resolutions included the issue of Non-Convertible Debentures on a private placement basis, re-classification of authorized share capital, amendment of the Main Object Clause in the Memorandum of Association, and approval of transactions under Sections 185 and 186 of the Companies Act, 2013. * Mr. Tarang Jain highlighted the company's focus on ESG aspects, including increased sourcing of electricity from Renewable Energy and the sale of stake in the China JV, realizing net proceeds of RMB 290 million (approximately ₹335 crore) during May 2025. * The company's consolidated revenue for FY25 was ₹81,54.1 million, with a growth of 8.0%, supported by a 10.4% growth in the India business. The Board of Directors have recommended 100% of Face Value i.e. ₹ 1 as dividend for FY2024-25 subject to the shareholders approval.