Date: November 4, 2026

Regulatory Compliance Disclosure

Related Party Transactions Summary

The disclosure includes 119 transactions categorized as follows:

Sales of Goods/Services

  • ₹77.10 crore to Durovalves India Private Limited (Direct Subsidiary)
  • ₹227.97 crore to Varroc Dellórto Private Limited (Jointly Controlled Entities)
  • ₹30.13 crore to Varroc Japan Co. Limited (Direct Subsidiary)
  • ₹195.94 crore to Varroc Poland s.p.z.oo (Step down subsidiary)
  • ₹451.22 crore to Varroc Intelligent Driving R&D Center (Changzhou) Co., Ltd. (Step down subsidiary)

Dividend Received

  • ₹94.34 crore from Durovalves India Private Limited
  • ₹6.67 crore from Varroc Japan Co. Limited
  • ₹390.80 crore from Varroc Vietnam Co. Ltd. (by Varroc Italy S.p.A.)
  • ₹165.01 crore from Varroc Italy S.p.A. (by VarrocCorp Holding B.V.)

Loan Transactions

  • ₹560.05 crore to VarrocCorp Holding B.V., The Netherlands (Direct Subsidiary)
  • ₹42.00 crore to Varroc Connect Private Limited (Direct Subsidiary)
  • ₹345.38 crore to Varroc (Thailand) Co. Ltd. (by Holding Company)
  • ₹68.39 crore to Varroc Germany GmBH (by Holding Company)

Corporate Guarantees

  • ₹940.89 crore provided to Varroc Electronics Romania S.r.l.
  • ₹80.95 crore provided to Industria Meccanica E Stampaggio S.p.a.
  • ₹52.19 crore provided to Varroc Romania S.A.
  • ₹54.86 crore provided to VarrocCorp Holding B.V., The Netherlands

Remuneration to Key Management Personnel

  • ₹98.55 crore to Mr. Tarang Jain (Chairman and Managing Director)
  • ₹25.10 crore to Mr. Arjun Jain (Whole time Director)
  • ₹26.17 crore to Mr. K. Mahendra Kumar (Group Chief Finance Officer)
  • ₹15.96 crore to Mr. Avinash Chintawar (Whole Time Director and COO)
  • ₹11.00 crore to Mr. Dhruv Jain (Whole time Director)
  • ₹3.06 crore to Mr. Anil Ghatiya (Company Secretary)

Other Significant Transactions

  • ₹91.53 crore interest received by VarrocCorp Holding B.V. from Varroc European Holding B.V.
  • ₹19.30 crore CSR contribution to Varroc Foundation
  • ₹7.50 crore royalty paid to Dellorto S.P.A. (JV Partner)
  • ₹4.45 crore sale commission paid to Scarpa & Colombo S.r.l, Italy

Compliance Status

All transactions were reported as "Within Limit" as approved by the audit committee, with specific monetary limits provided for each transaction type.

Not Specified Sections

  • KMP / Board / Auditor Changes: No disclosures
  • Dividend Declaration: No disclosures
  • Board Meeting Outcomes: No disclosures
  • Financial Results: No disclosures
  • Auditor's Report: No disclosures
  • Disinvestment / Strategic Actions: No disclosures
  • Media Release / Investor Communication: No disclosures