Change in names of Promoter Trusts
Two promoter family trusts have been renamed.
By ScoutQuest · · 1 min read
- Trust Name Change 1
- Naresh Chandra Holdings Trust is now Arjun Family Trust
- Trust Name Change 2
- Suman Jain Holdings Trust is now Dhruv Family Trust
- Shareholding Impact
- No change in promoter group's total shareholding
- Control Impact
- Trustees, beneficiaries, shareholding, voting rights and control remain unchanged
Promoter trusts renamed
Varroc Engineering has informed the stock exchanges that two trusts in its promoter group have changed names:
- Naresh Chandra Holdings Trust → Arjun Family Trust (Mr. Naresh Chandra remains family trustee)
- Suman Jain Holdings Trust → Dhruv Family Trust (Mrs. Suman Jain remains family trustee)
What stays the same
The company has explicitly clarified that this is purely a name change. The trustees remain the same, the beneficiaries remain the same, the beneficial ownership remains the same, shareholding percentages remain the same, voting rights remain the same, and control remains the same. The aggregate shareholding of the entire promoter and promoter group is unchanged.
Why this matters
Since nothing substantive has changed—only the formal names of the trusts—this disclosure is administrative in nature. It ensures that regulatory records and shareholding patterns reflect the correct trust names going forward. Investors' interests in the company are unaffected by this name change.
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