Varroc Engineering announced the appointment of Dr. Karl-Heinz Glander as the Head of R&D for the Business II. Dr. Glander will play a pivotal role in driving the Company`s innovation and technology strategies, reinforcing Varroc`s commitment to delivering cutting-edge solutions for the automotive industry.In his new role, Dr. Glander, based out of Germany will oversee the R&D activities for Business II and report to Dhruv Jain, CEO, Varroc Business II. He will be responsible for developing advanced technology such as Advanced Driver Assistance System (ADAS), Driver Monitoring System (DMS) & Driver and Occupant Monitoring System (DOMS), cockpit electronics, video telematics, fleet management systems for the automatic industry etc. His leadership will be key in driving Varroc Business II`s R&D strategy, fostering a culture of innovation, and enhancing the company`s competitive edge in the global market.Powered by Capital Market - Live News

Net profit of Varroc Engineering rose 0.46% to Rs 32.41 crore in the quarter ended June 2024 as against Rs 32.26 crore during the previous quarter ended June 2023. Sales rose 5.16% to Rs 1898.85 crore in the quarter ended June 2024 as against Rs 1805.69 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1898.851805.69 5 OPM %9.1610.12 - PBDT135.80145.40 -7 PBT55.9965.24 -14 NP32.4132.26 0 Powered by Capital Market - Live News

Varroc Engg. will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live News

Varroc Engineering announced that the name of one of its subsidiaries has been changed from �CarIQ Technologies�, to �Varroc Connect� with effect from 15 July 2024. Powered by Capital Market - Live News

Varroc Engg. announced that the Annual General Meeting(AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live News