Vascon Engineers: No Deviation in Placement Proceeds Utilization

Vascon Engineers Limited has filed a statement of deviation or variation in the utilization of proceeds from its Preferential Issue via Fully Convertible Warrants, raised on April 17, 2026. The total amount raised was ₹20,00,00,000/-. For the quarter ended September 30, 2026, the company reported no deviation or variation in the use of funds. Funds were allocated to Real Estate - New Launches (up to ₹32 Crore), Working Capital (EPC) (up to ₹32 Crore), and General Corporate Purposes (up to ₹16 Crore). Utilized amounts were ₹8 Crore for Real Estate and ₹2 Crore for General Corporate Purposes, with no utilization for Working Capital during this period. The Audit Committee has reviewed the statement and found no issues.