Vascon Engineers Announces Board Decisions on Leadership Changes and Releases Financial Results for Q4 FY2026
Vascon Engineers Limited announced several key corporate actions following its Board of Directors meeting held on May 11, 2026. The board meeting approved the audited financial results for the quarter and year ended March 31, 2026, and saw several major changes in senior leadership and board composition.Leadership and Board Composition Updates
The Board made significant appointments and changes to the board's leadership structure:- New Chairman Appointed: Mr. Siddharth Vasudevan Moorthy was approved as the Chairman (Promoter and Managing Director) of the Company, effective May 15, 2026.
- Senior Personnel: Mr. Raveesh Rao, Chief Executive Officer-Real Estate, was designated as Senior Management Personnel, effective May 15, 2026, based on the recommendation of the Nomination and Remuneration Committee.
- Director Appointments/Re-appointments:
* Mr. Divya Maneklal Shah was approved for appointment as an Additional Director (Non-Executive and Independent) for a first term of five years, commencing May 15, 2026, and ending May 14, 2031.
* Director Tenure Conclusion: Mr. Mukesh Satpal Malhotra concluded his second and final term as Independent Director on May 16, 2026. Consequently, he will cease to be the Chairman of the Board, Audit Committee, Stakeholders Relationship Committee Member, and Member of the Nomination and Remuneration Committee and Corporate Social Responsibility Committee.
Board Committees Reconstitution
Following the changes in the Board's composition, the Board approved the re-constitution of all key committees, effective May 15, 2026.| Committee Name | Key Members |
|---|---|
| Audit Committee | Mr. S Balasubramanian (Chairman), Mr. Siddharth Vasudevan Moorthy (Member), Ms. Tara Subramaniam (Member) |
| Nomination and Remuneration Committee | Ms. Tara Subramanian (Chairperson), Mr. S Balasubramanian (Member), Ms. Sowmya Aditya Iyer (Member) |
| Stakeholders Relationship Committee | Mr. Sowmya Iyer (Chairperson), Mr. Siddharth Vasudevan Moorthy (Member), Ms. Tara Subramaniam (Member) |
| Corporate Social Responsibility Committee | Mr. Siddharth Vasudevan Moorthy (Chairman), Mr. S Balasubramaniam (Member), Ms. Sowmya Aditya Iyer (Member) |
Financial Results for Q4 FY2026
The Company approved the audited financial statements (Standalone and Consolidated) and financial results for the fourth quarter and the full financial year ended March 31, 2026.The financial results show the following performance metrics (in Rs. Lakhs):
| Financial Metric | Standalone (Year Ended Mar 31, 2026) | Consolidated (Year Ended Mar 31, 2026) |
|---|---|---|
| Total Revenue from Operations | 94.853 | 94.929 |
| Total Income | 98.368 | 1.09.040 |
| Profit Before Tax from Continuing Operations | 6,498 | 6,508 |
| Total Comprehensive Income (Year Period) | 4.950 | 12.990 |
| Capitalized Equity Value | 23.170 | 22.629 |
Segment Performance
In terms of segmental revenue, the figures highlight the contributions of the primary business segments:| Segment | Q4 Revenue (Standalone) | Full Year Revenue (Standalone) | Q4 Revenue (Consolidated) | Full Year Revenue (Consolidated) |
|---|---|---|---|---|
| EPC | 24,087 | 91.641 | 24,825 | 91.641 |
| Real Estate Development | 1,209 | 3,212 | 115 | 7,069 |
| Total Revenue | 25,296 | 1.07.524 | 24,940 | 1.07.790 |
Key Balance Sheet Figures (As of March 31, 2026)
The consolidated balance sheet reports the following total figures (in Rs. lakhs):| Item | Standalone (Mar 31, 2026) | Consolidated (Mar 31, 2026) |
|---|---|---|
| Total Non Current Assets | 34,970 | 34,970 |
| Total Current Assets | 2,01.153 | 2,01.153 |
| Total Assets | 2,33,848 | 2,36,123 |
| Equity attributable to owners | 1,14,882 | 1,14,882 |
| Total Liabilities | 1,18,966 | 1,21,241 |
VASCONEQ Stock Price Movement
Vascon Engineers Limited shares today slipped by 3.40% to settle at ₹32.93. The equity saw a total trading volume of 264,750 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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