Vascon Engineers Ltd

Vascon Engineers Ltd has announced the cancellation of a work order by Reliance Industries Limited (RIL) for the construction of four G+12 FLL Type Buildings at RG Expansion Jamnagar. The original Letter of Intent from RIL was for an amount of ₹131.58 Crore (excluding GST). No execution had commenced on the project prior to the cancellation. The company has provided this disclosure as per SEBI (LODR) Regulations, 2015.

Vascon Engineers Ltd has submitted its Annual Report for the Financial Year 2025-26, in compliance with SEBI Listing Regulations. The report includes the notice for the 41st Annual General Meeting (AGM) scheduled for August 7, 2026. The company highlighted a total order book of ₹2,717 Cr, representing 2.9x of FY26 EPC revenues. Real estate new sales bookings for FY26 amounted to 96,735 sq. ft. with a total sales value of ₹113 Cr and collections of ₹119 Cr. The external EPC order book stands at ₹2,387 Cr. Vascon also entered into an MoU as an Execution Partner for government projects, which constitute approximately 79% of their portfolio, aiming for faster execution and stable cash flows. The report details the company's corporate overview, strategic priorities, CSR initiatives, and financial statements.

Vascon Engineers Ltd. has announced its 41st Annual General Meeting (AGM) will be held on Friday, August 7, 2026, at 11:30 AM IST. The meeting will take place at "MonarQ" Royal Orchid Golden Suites, Kalyani Nagar, Pune. Key agenda items include the adoption of audited financial statements for FY 2025-26, the reappointment of a director retiring by rotation, ratification of cost auditors' remuneration for FY 2026-27, and the re-appointment of an independent director for a second term. The notice is being sent electronically to members with registered email addresses, and a web-link to the Annual Report and AGM notice will be sent to others.

Vascon Engineers Limited has announced the closure of its trading window for designated persons and their relatives. This closure will be effective from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the first quarter ended June 30, 2026. The company will inform the stock exchanges about the board meeting date for approving these results in due course. Additionally, as per SEBI regulations, the PAN of designated persons will be frozen for trading in the company's equity shares during this period.

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.

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.

Vascon Engineers Limited has received a Letter of Intent from the Central Public Works Department, Guwahati, for the demolition and re-development of RBI Quarters in Assam. The project is valued at ₹347.43 Crore (including GST) and is to be executed on an EPC basis within 36 months. This significant contract does not involve any related party transactions or promoter interests in the awarding entity.

Vascon Engineers Ltd. announced the approval of audited financial results for the quarter and year ended March 31, 2026. The board re-appointed Mr. Sankaramahalingam Balasubramanian as an Independent Director for a second term and appointed Mr. Divya Maneklal Shah as an Independent Director. Mr. Mukesh Satpal Malhotra completed his term as an Independent Director. Mr. Siddharth Vasudevan Moorthy was elevated as Chairman.

Vascon Engineers Ltd has received a Letter of Intent from Reliance Industries Limited for the construction of 04 G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar. The order is valued at ₹131.58 Crore (excluding GST) and is based on a 'Bill of quantities (BOQ) Basis. The project is to be completed within 19 months from the date of receipt of the order. The order does not fall under related party transactions, and the promoter group has no interest in the entity awarding the order.

Vascon Engineers Ltd's board meeting on May 11, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Mr. Sankaramahalingam Balasubramanian was re-appointed as an Independent Director for a second term of 5 years. Mr. Divya Maneklal Shah was appointed as an Additional Director (Non-Executive and Independent) for a first term of 5 years. Mr. Mukesh Satpal Malhotra completed his second term as Independent Director on May 16, 2026. Mr. Siddharth Vasudevan Moorthy was elevated as Chairman (Promoter and Managing Director) effective May 15, 2026.