Vascon Engineers EGM on May 18, 2026 for ₹80 Crore Warrant Issue
Published on: April 26, 2026, 7:20 p.m. | Source: scanx.trade
Vascon Engineers Limited has convened an Extraordinary General Meeting on May 18, 2026, to seek shareholder approval for issuing 2,00,00,000 fully convertible warrants at ₹40 each, raising ₹80 crore. The proceeds will fund real estate launches, working capital, and corporate purposes. The meeting will be held via video conferencing with remote e-voting from May 13-17, 2026. The company also seeks authorization to borrow up to ₹1500 crore and create charges on properties. Post-issue, promoter holding will increase to 31.94% while public holding will decrease to 68.06%.
