Varroc Engineering Limited has submitted its Secretarial Compliance Report for the financial year ending March 31, 2026. The report, conducted by M/s. Uma Lodha & Co., Practising Company Secretaries, was prepared in accordance with Regulation 24(A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The report outlines the compliance status of Varroc Engineering with various SEBI regulations and guidelines during the review period. It confirms that the company has adhered to the provisions of the Securities and Exchange Board of India Act, 1992, and the Securities Contracts (Regulation) Act, 1956, along with other relevant regulations and circulars issued by SEBI.
The report specifically examined compliance with several key SEBI regulations, including the Listing Obligations and Disclosure Requirements, Substantial Acquisition of Shares and Takeovers, Prohibition of Insider Trading, and Depositories and Participants regulations, among others. Notably, the report found no deviations or non-compliance issues during the review period.
Additionally, the report addressed observations from previous compliance reports. It noted that Varroc Engineering had previously failed to disclose the extent and nature of security created and maintained with respect to secured listed non-convertible securities, as required by Regulation 54(2) of SEBI (LODR), 2015. This lapse had resulted in a fine of ₹49,560, including GST, imposed by the stock exchange. The company acknowledged the oversight and attributed it to an inadvertent error, assuring that corrective measures have been implemented.
The Secretarial Compliance Report serves as a testament to Varroc Engineering’s commitment to regulatory adherence and transparency in its operations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).