Business Update Positive

2026-07-08 15:06

- Varroc Engineering Limited has announced an investment in Renewable Energy Projects for Captive Power Procurement. - The Company entered into Power Delivery and Share Purchase Agreements with AMPIN Energy C&I One Private Limited and AMPIN C&I Power Twelve Private Limited (SPVs). - This investment aims to establish Renewable Power Plants in Tamil Nadu and Karnataka, with captive capacities of 0.40MWAC/0.60MWDC and 0.50MWAC/0.70MWDC respectively. - Total investment not exceeding ₹22.8 Lakhs for a 0.44% equity stake in AMPIN Energy C&I One PL and ₹25.9 Lakhs for a 0.83% equity stake in AMPIN C&I Power Twelve PL. - The acquisition is targeted for completion on or before August 30, 2026.

Business Update Positive

2026-07-08 14:57

- Varroc Engineering Limited invested approximately ₹48.70 lakhs in two SPVs (AMPIN Energy C&I One Private Limited and AMPIN C&I Power Twelve Private Limited). - This investment is for captive solar power procurement (total 0.90 MWAC/1.30 MWDC capacity) for its manufacturing plants in Tamil Nadu and Karnataka. - The acquisition is expected to be completed by August 30, 2026.

Governance Neutral

2026-07-01 12:35

- Varroc Engineering Limited announced the appointment of Mr. Anil Ghatiya as Company Secretary & Compliance Officer, effective July 31, 2025. - The company also furnished details of its Registrar & Share Transfer Agent, MUFG INTIME INDIA PRIVATE LIMITED.

Ownership Neutral

2026-06-30 13:09

- Mrs. Rochana Tarang Jain (immediate relative of promoter) acquired 5,000 equity shares of Varroc Engineering Limited from Mr. Tarang Jain (promoter, CMD) via inter-se transfer by gift on June 29, 2026. This off-market transaction was without consideration and is exempt under SEBI (SAST) Regulations.

Business Update Positive

2026-06-24 10:25

- Varroc Engineering Limited won the ET AutoTech Award 2026 for Innovation in In-Cabin Infotainment & Connected Technology. - The award recognized 'VarrocLink', an indigenous connectivity ecosystem for in-vehicle infotainment, developed by Varroc Engineering.

Routine Neutral

2026-06-22 12:42

- The trading window for Designated Persons and their relatives will close from Wednesday, July 1, 2026. - It will reopen 48 hours after the declaration of the Un-audited Financial Results for the quarter ending June 30, 2026, in compliance with SEBI (PIT) Regulations.

Business Update Positive

2026-06-22 09:52

- Varroc Engineering Limited announced an Investor Presentation, Conference / Meeting/ Call with Analyst/ Institutional Investor(s) scheduled for June 22, 2026, with Investec Capital. - For FY26, Revenue grew 9.03% YoY to ₹88,905 Mn, EBITDA grew 7.69% to ₹8,364 Mn, and PBT before exceptional grew 21.88% to ₹3,814 Mn. - ROCE improved to 24.4% and Net Debt/EBITDA significantly reduced to 0.54, demonstrating balance sheet strengthening. - Strategic outlook includes a focus on profitable volume growth, sustainable margin improvement, and efficient Free Cash Flow conversion. - New Order Intake for FY26 was ₹32,889 Mn, with an Outstanding Order Book of ₹35,090 Mn at the end of FY26.

Business Update Neutral

2026-06-18 15:35

- Varroc Engineering Limited announced the cancellation of a scheduled meeting/call with institutional investor/analyst. - The meeting with Carnelian Asset Management was scheduled for June 18, 2026. - The cancellation is due to unavoidable exigencies on the part of the investor(s).

Business Update Neutral

2026-06-17 19:43

- Meeting with Analyst/Institutional Investor scheduled - Institutional Investor/Analyst: Investec Capital - Meeting Date: June 22, 2026 - Meeting Time: 10:00 A.M to 5:00 P.M - Venue: Mumbai

Business Update Neutral

2026-06-08 20:37

- Concall Schedule - Meeting with Equirus Securities and Kotak Mutual Fund on June 11, 2026, from 10:00 A.M to 3:30 P.M in Pune. - Meeting with Carnelian Asset Management on June 18, 2026, from 10:00 A.M to 4:00 P.M in Pune. - Both in-person meetings will include a plant visit. - No Unpublished Price Sensitive Information (UPSI) will be shared.

Business Update Positive

2026-06-03 11:48

- Varroc Engineering Limited announced a strategic partnership with SUZHOU TOLYY OPTRONICS CO.,LTD on June 3, 2026. - The collaboration aims to localize and supply next-generation digital cockpit solutions for global passenger and commercial vehicle platforms. - This partnership will accelerate time to market, strengthen supply chain resilience, and enhance Varroc's digital cockpit capabilities.

Business Update Positive

2026-06-03 11:44

- Varroc Engineering Limited has entered into a Strategic Cooperation arrangement with Suzhou Tolyy Optronics Co.,Ltd. - The partnership aims to localize and supply next-generation digital cockpit and display solutions for global passenger and commercial vehicle platforms. - This collaboration will enhance Varroc's product portfolio and market competitiveness.

Business Update Positive

2026-06-02 16:32

- Management expects mid to high teen revenue growth in FY2027 and projects FY2027 margins to be higher than FY2026 levels. - Overseas business turnaround is anticipated from H2 FY2027, with operational subsidiaries targeting EBITDA breakeven by Q4 FY2027 and overall international operations breaking even within two years. - Achieved highest ever new business wins with annualized peak revenue of INR 32.889 billion, with approximately 65% from EV models. - Capex for FY2027 is guided at INR 450-500 crores and for FY2028 at INR 300-400 crores, primarily allocated to e-mobility, EV, lighting, and automation. - The company aims to achieve a zero net debt status by the end of FY2028. - The board has recommended a dividend of 150% of face value for FY2026. - Raw material inflation is expected to be compensated by OEMs, potentially with a quarter-long lag.

Routine Neutral

2026-05-29 21:36

Varroc Engineering Limited announced the transfer of unpaid/unclaimed final dividends for Financial Year 2018-19 and corresponding shares to the Investor Education and Protection Fund (IEPF). Shareholders whose dividends have remained unclaimed for seven consecutive years are advised to claim them by September 1, 2026, to avoid transfer to IEPF by September 15, 2026.

Business Update Neutral

2026-05-27 21:50

Varroc Engineering Limited announced the availability of the audio recording for its Investors/Conference Call held on May 27, 2026, pertaining to the Audited Financial Results for the quarter and year ended March 31, 2026. A link to the recording has been provided.

Business Update Neutral

2026-05-27 21:45

Varroc Engineering Limited has provided a link to the audio recording of the Investors / Conference Call held on May 27, 2026. The call pertained to the Audited Financial Results for the quarter and year ended March 31, 2026.

Governance Neutral

2026-05-27 18:01

Varroc Engineering Limited submitted a disclosure of consolidated Related Party Transactions for the half year ended March 31, 2026, as per Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing details various transactions including sales/purchases of goods and services, loans, remuneration, and corporate guarantees with its subsidiaries, key management personnel, and other related entities.

Governance Negative

2026-05-27 17:52

CRITICAL RED FLAG DETECTED

Varroc Engineering Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, on May 27, 2026. The report generally confirms compliance with SEBI Regulations. However, it notes a BSE fine of ₹49,560 for an inadvertent non-disclosure regarding secured NCDs, for which a waiver has been sought. The company also disclosed details of an enforcement award related to a previously won ICC arbitration.

Financials Negative

2026-05-27 16:56

CRITICAL RED FLAG DETECTED

Varroc Engineering Limited announced the outcome of its Board Meeting, approving Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The auditors, SRBC & CO LLP, issued a Qualified Opinion on both Standalone and Consolidated Financial Results. The qualification stems from an inability to comment on Rs. 209.89 million in revenue recognized (Q1 FY25 for consolidated) related to an ongoing arbitration regarding a breach of a Transition Management Agreement. The Company's consolidated financial results table was not included in the provided filing, thus preventing a detailed year-on-year comparison. A final dividend of Rs. 1.50 per equity share was recommended for FY2025-26. Additionally, the Board approved seeking shareholder approval for issuing Non-Convertible Debentures up to Rs. 500 crores and increasing borrowing limits to Rs. 3,000 crores.

Financials Positive

2026-05-27 16:38

Consolidated Revenue ₹23,681Mn vs ₹20,992Mn (▲12.8% YoY), EBITDA ₹2,305Mn vs ₹2,134Mn (▲8.0% YoY), PAT ₹705Mn vs ₹230Mn (▲206.5% YoY). EBITDA Margin 9.7% vs 10.2% (▼50bps). The company also reported highest ever quarterly revenue post divestment, highest-ever net new business wins, significant debt reduction, and recommended a 150% dividend.

Governance Negative

2026-05-27 16:01

CRITICAL RED FLAG DETECTED

Varroc Engineering's Board approved its Q4 and FY26 financial results and recommended a final dividend of Rs. 1.50 per share. The statutory auditors, SRBC & CO LLP, issued a Qualified Opinion on the standalone financial results for FY26. The qualification relates to an ongoing arbitration with TYC Parties concerning Rs. 209.89 million in revenue recognition, where auditors could not ascertain the impact on profit and other financial metrics. The Board also proposed raising up to Rs. 500 Cr via NCDs and increasing borrowing limits to ₹3,000 Cr, subject to shareholder approval at the AGM on August 20, 2026.

Governance Negative

2026-05-27 15:57

CRITICAL RED FLAG DETECTED

Varroc Engineering Limited's Board approved FY25-26 financial results and recommended a final dividend of Rs. 1.50 per share. Key approvals include seeking shareholder consent for issuing Non-Convertible Debentures up to ₹500 Crores and increasing overall borrowing limits to ₹3,000 Crores. However, auditors issued a Qualified Opinion on the standalone financial results, unable to comment on ₹209.89 million income under arbitration related to a joint venture dispute.

Financials Negative

2026-05-27 15:52

CRITICAL RED FLAG DETECTED

Varroc Engineering Limited announced its FY26 audited financial results were approved by the Board. The Board recommended a final dividend of Rs. 1.50 per equity share (150%). Auditors issued a Qualified Opinion on standalone results due to an ongoing arbitration concerning Rs. 209.89 million in revenue recognized in Q1 FY25, citing insufficient audit evidence to quantify its impact on FY26 profits, tax, EPS, and retained earnings. The Board also proposed raising up to Rs. 500 crores via Non-Convertible Debentures and increasing overall borrowing limits to Rs. 3,000 crores, subject to shareholder approval at the AGM on August 20, 2026.

Financials Negative

2026-05-27 15:47

CRITICAL RED FLAG DETECTED

Varroc Engineering's Board approved Audited Financial Results for FY2025-26 and Q4 FY26 and recommended a final dividend of Rs. 1.50 per share. However, auditors issued a 'Qualified Opinion' for the year, citing inability to comment on Rs. 209.89 million revenue recognized due to ongoing arbitration with TYC Parties over alleged breach of a Transition Management Agreement and related claims. This impacts reported profit and earnings. The Board also sought approval for issuing NCDs up to Rs. 500 Cr and increasing borrowing limits to Rs. 3,000 Cr.

Financials Negative

2026-05-27 15:40

CRITICAL RED FLAG DETECTED

Standalone Revenue ₹21,496.30 million vs ₹19,133.36 million (▲12.35% YoY), EBITDA ₹2,309.49 million vs ₹2,117.39 million (▲9.07% YoY), PAT ₹1,018.22 million vs ₹1,056.62 million (▼3.63% YoY). EBITDA Margin 10.74% vs 11.06% (▼32bps). However, the auditors issued a qualified opinion on both standalone and consolidated financial results due to inability to comment on the impact of an arbitration proceeding related to recognized income of Rs. 209.89 million (Q1 FY26) and Rs. 231.82 million (FY25). The Board also recommended a final dividend of Rs. 1.50 per Equity Share for FY 2025-26.

Financials Neutral

2026-05-21 09:49

Varroc Engineering Limited announced an analyst/investor conference call on Wednesday, May 27, 2026, at 5:00 p.m. (IST) to discuss the Audited Financial Results for the quarter and year ended March 31, 2026.

Governance Positive

2026-05-18 17:13

Varroc Engineering Limited announced a Board Meeting on May 27, 2026, to consider and approve Audited Financial Results for the Quarter and Financial Year ended March 31, 2026, recommend a final dividend for FY26, and consider raising funds through secured/unsecured redeemable Non-Convertible Debentures (NCDs) via private placement. The trading window for dealing in securities is closed from April 1, 2026, until May 29, 2026.

Business Update Positive

2026-04-24 19:47

India Ratings & Research upgraded Varroc Engineering's long-term credit rating for bank facilities to 'IND AA+/Stable' from 'IND AA/Stable'. Short-term ratings were affirmed at 'IND A1+'. The non-convertible debenture rating was withdrawn due to full repayment of obligations.

Business Update Positive

2026-04-22 09:49

Varroc Engineering reaffirms its commitment to sustainability, increasing its ESG rating to 75 and EcoVadis score to 52. The company achieved 40% renewable electricity, 26% carbon emission reduction, 90% waste recycled, and significantly contributed to the Kham River Restoration.

Governance Positive

2026-04-08 15:24

Varroc Engineering Limited appoints Avijit Roy as Group Chief Human Resources Officer (CHRO), effective April 10, 2026. He succeeds Kavita Kulkarni and will lead the company's HR strategy and talent transformation.

Governance Negative

2026-04-08 13:48

CRITICAL RED FLAG DETECTED

Mrs. Kavita Kulkarni resigned as Group CHRO (Senior Management Personnel) of Varroc Engineering Limited, effective April 10, 2026, to pursue new opportunities. Mr. Avijit Roy has been appointed as the new Group CHRO, effective from the same date.

Routine Neutral

2026-04-07 19:20

Varroc Engineering Limited submitted a Regulation 74(5) certificate for the quarter ended March 31, 2026. The regulation is not applicable as all shares are in demat form, and no requests for rematerialisation or dematerialisation were received during the quarter.

Ownership Positive

2026-04-02 16:51

Varroc Engineering Limited's Promoter, Mr. Tarang Jain, and Persons Acting in Concert, declared that they have not made any encumbrance of their equity shares in the company during the financial year 2025-26, as per SEBI Takeover Regulations 31(4).

Business Update Positive

2026-04-01 15:25

Varroc Engineering Limited reported the full redemption of its Secured Rated Listed Senior Redeemable Non-Convertible Debentures worth ₹250 Crores on March 6, 2026, as part of its half-yearly reporting obligations under SEBI Master Circular.

Business Update Positive

2026-04-01 15:20

Varroc Engineering Limited announced the full redemption of ₹250 Crore Non-Convertible Debentures (NCDs) on March 6, 2026, by exercising a Call option. The NCDs were adequately secured until redemption.

Governance Neutral

2026-04-01 15:05

Varroc Engineering Limited announced the appointment of Mr. Anil Ghatiya as Compliance Officer and Company Secretary, effective July 31, 2025. MUFG INTIME INDIA PRIVATE LIMITED was also appointed as the Registrar & Share Transfer Agent.

Governance Negative

2026-03-26 20:50

CRITICAL RED FLAG DETECTED

Varroc Engineering Limited announced the resignation of Mr. Fritz Abraham, Chief Technical Officer and Senior Managerial Personnel (SMP), effective March 27, 2026. His resignation is due to personal and family medical reasons, as he plans to move to Austria. A successor has been identified.

Business Update Negative

2026-03-20 16:50

CRITICAL RED FLAG DETECTED

Varroc Engineering's subsidiary, Varroc Electronics Romania S.R.L. (VeR), is involved in ongoing litigation with OP Mobility at the Paris Court of Appeal. VeR appealed a judgment, seeking EUR 76 million, while OP Mobility filed an appeal/counterclaim. The quantum of claims against VeR is EUR 39.16 million plus costs.

Business Update Positive

2026-03-20 11:41

Varroc Engineering launched 'Eureka Challenge 3.0' to foster next-gen engineering innovation. The initiative invites engineering students nationwide to solve real-world mobility challenges, offering industry exposure, rewards, and potential pre-placement offers (PPOs), aiming to nurture talent.

Routine Neutral

2026-03-17 16:47

Varroc Engineering Limited announced the closure of its trading window for Designated Persons and their relatives, effective from April 1, 2026, until 48 hours after the declaration of audited financial results (Standalone and Consolidated) for the Financial Year ending March 31, 2026, in compliance with SEBI PIT Regulations.

Business Update Positive

2026-03-09 15:48

Varroc Engineering received a voluntary ESG rating of 75 from CFC Finlease Private Limited, a SEBI-registered provider. This rating, based on publicly available information, reflects the company's performance across Environmental, Social, and Governance parameters, improving on previous scores of 54 and 70.3.

Business Update Positive

2026-03-06 13:55

Varroc Engineering Limited confirmed timely interest payment of ₹3.64 Crores and early full redemption of Non-Convertible Debentures (NCDs) worth ₹171.88 Crores by exercising a call option. The redemption date was March 7, 2026, with the actual payment made on March 6, 2026, effectively reducing the company's debt.

Routine Positive

2026-03-06 13:55

Varroc Engineering Limited confirmed timely interest payment (₹3.64 Cr) and full principal redemption (₹171.88 Cr) of its 8.6% Non-Convertible Debentures by exercising a call option, ahead of the due date of March 7, 2026.

Business Update Neutral

2026-03-04 14:58

Varroc Engineering Limited announced a schedule of meetings/visits with institutional investors and analysts from March 10-13, 2026. This includes a promoter conference and visits to the Company's Tech Center in Pune, organized by Investec Capital Services and ICICI Securities.

Routine Positive

2026-02-27 14:26

Varroc Engineering Limited has fully redeemed Commercial Papers (CPs) worth ₹50 Crore, fulfilling its payment obligation to Kotak Mahindra Bank Limited on the maturity date of February 27, 2026.

Business Update Neutral

2026-02-19 21:21

Varroc Engineering Limited announced a virtual meeting with institutional investor Valcore Capital Advisors scheduled for February 24, 2026, at 3:30 pm. Discussions will be based on publicly available information.

Business Update Neutral

2026-02-18 20:11

Varroc Engineering Limited informed of an in-person meeting with Kotak Securities Limited on February 23, 2026, in Mumbai. Discussions will be based on publicly available information; no UPSI will be shared.

Business Update Positive

2026-02-11 13:42

CRITICAL RED FLAG DETECTED

Varroc Engineering reported an update on the arbitration by OP Mobility, noting a significant reduction in the quantum of claims from USD 66.4 million to USD 25.38 million and EUR 76,514.37 plus legal costs. The company intends to contest the claims.

Financials Positive

2026-02-10 09:50

Varroc Engineering reported consolidated revenue of ₹2,290Cr vs ₹2,078Cr (▲10.2% YoY), EBITDA of ₹213Cr vs ₹191Cr (▲11.5% YoY), and PBT before JV profits of ₹101Cr vs ₹66Cr (▲53.0% YoY). EBITDA Margin expanded from 9.2% to 9.3% (▲10bps). The company also secured significant new business wins worth INR 20,636 million for the 9-month period and saw strong EV segment growth (50% YoY).

Business Update Neutral

2026-02-09 18:08

Varroc Engineering Limited announced a virtual conference call/meeting with Carnelian Asset Management on February 13, 2026. The discussions will be based on publicly available information, and no unpublished price sensitive information will be shared.

Routine Negative

2026-02-06 11:56

CRITICAL RED FLAG DETECTED

Varroc Engineering confirmed maintaining 110% security cover for its ₹250Cr NCDs as of December 31, 2025, and compliance with covenants. However, auditors qualified their report, unable to comment on ₹209.89M income and its impact on profit due to pending arbitration.

Routine Positive

2026-02-06 11:56

Varroc Engineering Limited confirmed no deviation or variation in the utilization of ₹50 Cr raised via Commercial Paper during Q2 FY2025-26 for the quarter ended December 31, 2025, in compliance with SEBI Listing Regulations.

Business Update Positive

2026-02-06 11:49

Varroc Engineering Limited won a strategic international contract to supply AC bi-directional wall chargers for a leading Global Electric Vehicle OEM. The program spans six years, with an estimated annual business value of ₹4,391 million (approx. USD 48 million) at peak capacity.

Routine Neutral

2026-02-06 11:38

Varroc Engineering Limited confirmed no new fund-raising activity for the quarter ended December 31, 2025. The company reported no deviation in the utilization of ₹50 Cr raised via Commercial Paper during Q2 FY2026, stating these funds were fully utilized for their intended purpose.

Routine Negative

2026-02-06 11:35

CRITICAL RED FLAG DETECTED

Varroc Engineering Limited submitted an auditor's report for Q3 FY26 on asset cover for ₹2,500 Cr NCDs, confirming over 110% cover and compliance. However, auditors qualified their report on standalone financial results for December 31, 2025, unable to comment on ₹209.89 Cr income due to pending arbitration, impacting profit figures.

Routine Neutral

2026-02-05 23:44

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Routine Neutral

2026-02-05 23:43

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Routine Neutral

2026-02-05 23:43

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Routine Neutral

2026-02-05 23:42

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Financials Positive

2026-02-05 23:32

Consolidated Revenue ₹2,287.5 Cr vs ₹2,075.3 Cr (▲10.2% YoY), EBITDA ₹212.2 Cr vs ₹190.0 Cr (▲11.7% YoY), PBT (before exceptional items) ₹100.7 Cr vs ₹66.1 Cr (▲52.3% YoY). EBITDA Margin 9.3% vs 9.2% (▲10bps).

Business Update Neutral

2026-02-05 23:31

Varroc Engineering Limited submitted the audio recording of its Investor / Conference Call held on February 5, 2026, which pertained to the unaudited financial results for the quarter and nine months ended December 31, 2025.

Financials Neutral

2026-02-05 23:31

Varroc Engineering Limited announced an Investor Presentation on the Un-audited Financial Results (Consolidated & Standalone) for Q3 and Nine Months ended December 31, 2025. The presentation was filed on February 5, 2026.

Business Update Positive

2026-02-03 16:47

Varroc Engineering won a strategic 6-year contract to supply AC-Bi-Directional Wall Chargers to a leading global EV OEM. The program, manufactured in Romania, has an estimated annual business value of ₹4,391 million (USD 48 million) at peak capacity.

Business Update Positive

2026-01-29 16:54

Varroc Engineering Limited announced the listing of Commercial Papers (CPs) worth Rs. 50 Crores on the NSE on January 29, 2026. Issued on January 28, 2026, these CPs have a 30-day tenure with a 7.20% discount rate and are set for redemption on February 27, 2026.

Business Update Neutral

2026-01-28 17:27

Varroc Engineering Limited has issued and allotted Commercial Paper worth Rs. 50 Crores on January 28, 2026, to Kotak Mahindra Bank Limited. The commercial paper has a tenure of 30 days and will be redeemed on February 27, 2026.

Routine Positive

2026-01-27 14:59

Varroc Engineering Limited fully redeemed Commercial Papers worth Rs. 50 Crore on January 27, 2026, fulfilling its payment obligation as per SEBI regulations.

Financials Neutral

2026-01-21 16:30

Varroc Engineering Limited announced an analyst/investor conference call on February 5, 2026, at 5:00 p.m. IST to discuss the un-audited financial results for the quarter ended December 31, 2025 (Q3FY26).

Financials Neutral

2026-01-19 10:35

The Board of Directors will meet on February 5, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The trading window is closed from January 1, 2026, until February 7, 2026.

Governance Neutral

2026-01-16 16:34

Varroc Engineering announced a Voluntary Retirement Scheme (VRS) for permanent workmen. 411 out of 432 applications were accepted, with a total payout of approximately INR 79.94 Crores. Filing date: January 16, 2026.

Routine Neutral

2026-01-05 16:39

CP Listing Certificate filed | Confirmation of proceeds usage as per SEBI guidelines.

Routine Neutral

2026-01-05 16:38

Compliance certificate regarding dematerialization of shares | Confirms Regulation 74(5) is not applicable.

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Varroc Engineering Limited

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