Clarification17 Jun 2026, 01:18 pm
Vascon Engineers Clarifies Preferential Allotment Post-EGM
AI Summary
Vascon Engineers Ltd has provided additional clarifications regarding the preferential allotment of 2 crore fully convertible warrants, approved at the Extra-Ordinary General Meeting (EGM) on May 18, 2026. These clarifications address observations and queries from the National Stock Exchange of India Limited. The filing details the revised shareholding structure post-allotment for key individuals, including Siddharth Vasudevan Moorthy (Promoter) and Pratik Saraogi (Non-Promoter), outlining their increased stakes on a fully diluted basis.
Key Highlights
- EGM approved allotment of 2 crore warrants on preferential basis.
- Clarifications provided on revised shareholding post-allotment.
- Siddharth Vasudevan Moorthy's stake increases to 5.66%.
- Pratik Saraogi to hold 3.89% post-allotment.
- Allotment includes both promoter and non-promoter categories.
Price Impact
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