Certificate for September 2026 quarter on use of commercial paper proceeds

Varroc Engineering shared a CFO certificate for the quarter ended September 30, 2026.

Fri 2 Oct 2026

Reporting Period

quarter ended September 30, 2026

Certificate Signatory

Group Chief Financial Officer, K. Mahendra Kumar

Proceeds Utilisation

proceeds of commercial papers issued during the quarter used for the purposes disclosed in the offer document

Listing Compliance

listing conditions specified in Chapter XVII of the SEBI Master Circular on commercial paper were adhered to

What was shared

Varroc Engineering has sent the stock exchanges a certificate signed by its Group Chief Financial Officer, K. Mahendra Kumar, for the quarter ended September 30, 2026. The certificate deals with the company's commercial paper.

What is commercial paper? Commercial paper is a short-term borrowing instrument. A company issues these papers to investors to raise money for a short period and repays them on maturity. Companies commonly use it to meet short-term funding needs, and it sits separately from long-term borrowings or equity.

What the certificate states

• The proceeds of the commercial papers issued by the company during the quarter ended September 30, 2026 were used for the purposes as disclosed in the offer document.
• The company adhered to the listing conditions specified in Chapter XVII of the SEBI Master Circular on commercial paper.

Why this is shared

• Companies that list commercial paper on the exchanges have to confirm periodically that the money raised was used the way they said it would be.
• The confirmation comes from the CFO, which is the officer responsible for the company's finance function.

What it means for a retail investor

• This is an end-use confirmation for money already borrowed through commercial paper, not a fresh issue of shares or a new business announcement.
• It tells you the borrowing was used as stated in the offer document and that the company is keeping up with the listing conditions for this instrument.
• It does not by itself change the company's sales, profits or order book.

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