Varroc Engineering Partnership

Acquisition

Varroc Engineering Acquisition Worth ₹47.7 Cr

Varroc Engineering executed definitive agreements to acquire a 45% stake in Forsee Power India. Aggregate consideration is capped at €4.5 million (about ₹47.7 Crore).

Value

₹47.70 Cr

Execution

Completion expected on or before December 31, 2026, subject to conditions precedent

Board Meeting Date

Varroc Engineering Board Meeting Date

Varroc Engineering scheduled its Board Meeting for 4 November 2026 to approve Q2/H1 FY27 results. Trading window remains closed through 6 November 2026.

Merger & Restructuring

Varroc Engineering Merger & Restructuring

Varroc Engineering Limited is entering a joint venture with Forsee Power SA, France, to scale EV battery solutions in India, acquiring a 45% stake in the entity.

Acquisition

Varroc Engineering Acquisition Worth ₹47.7 Cr

Varroc Engineering will acquire a 45% stake in Forsee Power India Private Limited for up to € 4.5 million (approx. ₹47.7 Crore) to boost EV capabilities.

Value

₹47.70 Cr

Legal & Regulatory

Varroc Engineering Legal & Regulatory

Varroc Engineering received an RBI compounding order for a FEMA violation regarding delayed repatriation of foreign dues. The company paid a penalty of ₹3.91 Lakh.

Value

₹0.04 Cr

Other Announcement

Varroc Engineering Other Announcement

Varroc Engineering has submitted the required details regarding its Compliance Officer and Registrar & Share Transfer Agent in compliance with SEBI Listing Regulations.

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