Vascon Engineers Limited Allots 30,30,000 Equity Shares Under Employee Stock Option Scheme
Vascon Engineers Limited announced the allotment of 30,30,000 equity shares with a face value of Rs. 10 each under the Employee Stock Option Scheme - 2020 (ESOS-2020). The Board of Directors approved the allotment through a circular resolution dated March 20, 2026, following the exercise of options granted and vested to eligible employees.The newly allotted shares do not have a lock-in period and will rank equally with existing equity shares, entitling them to declared dividends and other corporate benefits.
The company’s paid-up share capital has increased following the allotment, as detailed below:
| Parameter | Previous Value | Current Value |
|---|---|---|
| Equity Shares | 22,86,67,112 | 23,16,97,111 |
| Total Value (in Rupees) | 228,66,71,120 | 231,69,71,110 |
Vascon Engineers Limited had previously received an in-principle approval from both the National Stock Exchange of India Limited and the BSE Limited regarding this allotment.
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