Varroc Engineering: Press Release – " Varroc and Forsee Power to Form Joint Venture to Scale EV Battery Solutions in India
Varroc Engineering (VARROC) filed a disclosure titled "Press Release – " Varroc and Forsee Power to Form Joint Venture to Scale EV Battery Solutions in India". The company is valued at about ₹12,490 crore.
What happened
Varroc Engineering (VARROC) filed a disclosure with the exchanges on 16 October 2026 at 04:37 PM titled "Press Release – " Varroc and Forsee Power to Form Joint Venture to Scale EV Battery Solutions in India".
Company snapshot
Varroc Engineering is a small-cap company in the Automobile and Auto Components sector, with a market value of about ₹12,490 crore.
The stock last traded at ₹817.5, against a 52-week range of ₹462–₹912.2 (10.4% below the high).
Before this filing the shares had moved −1.9% over the month and +26.6% over three months. Average daily turnover over the last 20 sessions was about ₹19.16 crore.
Promoters held 75.00% at the end of Q1 FY27. Foreign institutions owned 4.29% and domestic institutions 11.18%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 2,028 | 105.1 | 6.88 |
| Q2 FY26 | 2,207 | 61 | 3.99 |
| Q3 FY26 | 2,288 | -10.3 | -0.67 |
| Q4 FY26 | 2,368 | 69.3 | 4.54 |
| Q1 FY27 | 2,634 | 77.3 | 5.06 |
What history shows
BCEIE's records show 3 previous m&a filings from the company since May 2026.
After those filings, the stock gained 0.0% on average the next trading day and was up 1.4% on average after five days (2 filings with price data).
Across 80 similar disclosures by other Automobile and Auto Components companies, shares moved +0.3% on average the next day and +0.8% over five days; 51% of them rose the next day.
Market-wide, 2,096 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 8 Jul 2026 | M&A | +1.3% | +1.4% |
| 22 Jun 2026 | Disclosures under Reg. 10(5) in respect of acquisition under Reg.… | −1.2% | +1.4% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Varroc Engineering Names Anil Ghatiya Compliance Officer And MUFG Intime Share Transfer Agent
- Varroc Engineering vs Nifty 50: 1Y Return +35.09% vs -11.35%
- What Varroc Engineering Bulls Got Right
- Varroc Engineering receives ₹3.91 lakh RBI compounding order for FEMA delay
- Varroc Engineering VARROC Reg 74(5) Compliance Certificate Q2 FY27
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.