Varroc Engineering Issues ₹50 Cr Commercial Paper

Varroc Engineering Limited has successfully issued and allotted Commercial Papers worth ₹50 crores. The instrument, with ISIN INE665L14467, has a face value of ₹5,00,000 per unit and was issued at a price of ₹4,91,635.5. The Commercial Paper has a tenure of 90 days, with allotment on September 24, 2026, and maturity on December 23, 2026. An upfront discount rate of 6.90% is offered. The issuance is unsecured and made in favor of Kotak Mahindra Bank Limited, with ICICI Bank Limited acting as the IPA. The company is in the process of listing these Commercial Papers on the National Stock Exchange of India Limited.