Varroc Engineering Invests in Solar Power Projects

Varroc Engineering Ltd has entered into agreements for a renewable energy project, signing a Power Delivery Agreement (PDA) and Share Purchase and Shareholder's Agreement (SP&SA) with AMPIN C&I Power Twelve Private Limited and AMPIN Energy C&I One Private Limited. These Special Purpose Vehicles (SPVs) will supply solar power to Varroc's facilities in Karnataka and Tamil Nadu as a captive user. The investment involves acquiring equity shares in the SPVs for a total consideration not exceeding ₹48,70,000. This initiative aims to secure solar power for the company's manufacturing plants in these states, with the projects expected to be completed by August 30, 2026.