Varroc Engineering Limited — Capital/Financing Update 2022

Feb 5, 2022

Varroc Engineering Limited

Regd. & Corp. Office

L‐4, MIDC, Industrial Area Tel + 91 240 6653700 email : varroc.info@varroc.com Waluj, Aurangabad 431 Fax + 91 240 2564540 www.varroc.com 136, Maharashtra, India CIN: L28920MH1988PLC047335

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VARROC/SE/INT/2021-22/57

February 5, 2022

To,

The Manager- Listing The Manager – Listing The Listing Department, The Corporate Relation Department, National Stock Exchange of India Bombay Stock Exchange Limited Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai-400001. Bandra (East), Mumbai-400051. BSE Security Code: 541578 NSE Symbol: VARROC

• Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in connection with approval of Scheme of Amalgamation of Team Concepts Private Limited (Transferor Company & Wholly Owned Subsidiary Varroc Polymers Private Limited) with Varroc Polymers Private Limited (Transferee Company & Wholly Owned Subsidiary of the Company) and their respective Shareholders

Ref: Our intimation dated January 24, 2022

Dear Sir/Madam,

This is in continuation to our intimation dated January 24, 2022 regarding the approval of Scheme of Amalgamation by the Hon’ble National Company Law Tribunal, Bengaluru Bench (‘NCLT’).

The Certified copy of the Order of the Hon’ble NCLT has been filed by Team Concepts Private Limited (“TCPL”) Transferor Company & Wholly Owned Subsidiary of Varroc Polymers Private Limited and Varroc Polymers Private Limited (“VPPL"), Transferee Company & Wholly Owned Subsidiary of the Company with the Registrar of Companies, Bengaluru on February 5, 2022 making the Scheme effective.

As set out in the Scheme of Amalgamation, approved by the Hon'ble NCLT, all the assets and liabilities including taxes and charges of TCPL shall be merged, transferred, and become assets and liabilities of VPPL on a going concern basis in the manner as stated more particularly in the Scheme, with effect from the Appointed Date i.e., April 1, 2020.

In accordance with the Scheme of Amalgamation, upon the Scheme becoming effective, the equity shares held by VPPL in TCPL stands automatically cancelled and extinguished. Further, pursuant to aforesaid Order, the Authorized Share Capital of VPPL stands increased from Rs.4,50,00,000 to Rs.5,49,00,000. Consequent to the above, TCPL stands dissolved without winding-up and hence, ceased to be Subsidiary of VPPL and in turn ceased to be the Subsidiary of the Company as well.

We request you to take the above on record, and to treat the same as compliance with the applicable provisions of the Listing Regulations, as amended.

Thanking you,

Yours faithfully,

For Varroc Engineering Limited

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Ajay Sharma Group General Counsel and Company Secretary