Vascon Engineers Acquires 100% Stake in Kanchi Properties
Vascon Engineers Limited announced the acquisition of a 100% stake in Kanchi Properties Private Limited on March 31, 2026. As a result of the acquisition, Kanchi Properties has become a wholly-owned subsidiary of Vascon Engineers.The acquisition is a related party transaction completed at arm's length. The promoter and promoter group of Vascon Engineers do not have any interest in Kanchi Properties.
According to a filing, Kanchi Properties operates within the same business vertical as Vascon Engineers and is engaged in the business of buying and selling tenanted properties.
The cost of acquisition was Rs. 102,000, and involved the acquisition of 10,200 equity shares at Rs. 10 each.
Key Details of Kanchi Properties:
| Detail | Particulars |
|---|---|
| Net Worth | Rs. 33,85,140 |
| Turnover (2024-2025) | Rs. 27,24,000 |
| Turnover (2023-2024) | Rs. 12,000 |
| Turnover (2022-2023) | Rs. 12,000 |
| Incorporation Date | August 14, 1996 |
The acquisition was completed on March 31, 2026.
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