Vascon Engineers Clarifies Preferential Issue Pricing & Shareholding

Vascon Engineers Ltd has provided additional clarifications regarding its Extra-Ordinary General Meeting (EGM) held on May 18, 2026, concerning the preferential issuance of 2 crore warrants. The company clarified that a valuation report was not strictly required under SEBI (ICDR) Regulations, 2018, as the allotment did not involve a change in control or exceed 5% to any single allottee. However, a report was obtained due to the promoter's post-allotment shareholding reaching 5.79%. The floor price calculation for the preferential issue was re-evaluated based on 90/10 trading days preceding April 16, 2026, resulting in a revised floor price of ₹39.90. This recalculation does not alter the issue price of ₹40, which remains compliant with regulations. Additionally, the company has provided an updated shareholding pattern on a fully diluted basis.