Varroc Engineering raises Rs 50 crore via CPs from Kotak Mahindra Bank

The unsecured instrument carries a coupon rate of 6.90% per annum and has a tenor of 90 days. The aforementioned CPs would mature on 23 December 2026.

Varroc Engineering is a global tier-1 automotive components manufacturer supplying e-mobility, body systems, lighting, HMI, ICE powertrain and advanced electronics solutions to OEMs across two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and off-highway vehicles. The company operates 37 manufacturing facilities and seven R&D centres worldwide, employs over 6,100 people, and reported group income of Rs 8,908 crore from continuing operations in FY26.

On a consolidated basis, the company's adjusted net profit increased 30.1% YoY and 11.5% QoQ to Rs 77.27 crore in Q1 FY27. Net sales rose 29.9% YoY and 11.2% QoQ to Rs 2,634.24 crore in the quarter ended 30 June 2026.

The scrip shed 0.26% to end at Rs 834.20 on the BSE today.

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