Vascon Engineers Limited has announced the allotment of 23.80 lakh equity shares under its Employee Stock Option Scheme-2020 (ESOS-2020), marking a significant corporate development for the construction sector company.

Share Allotment Details

Vascon Engineers Limited has allotted 23.80 lakh equity shares under its Employee Stock Option Scheme-2020. This allotment has resulted in an increase in the company's paid-up share capital from ₹226.29 crores to ₹228.67 crores.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital. The share capital structure before and after the allotment shows the following changes:

Share Rights and Benefits

The newly allotted equity shares carry specific rights and entitlements that align with the company's existing share structure:

• No Lock-in Period: The allotted shares are free from any lock-in restrictions
• Pari-Passu Rights: These shares rank equally with existing equity shares of the company

This employee stock option exercise demonstrates Vascon Engineers' commitment to employee participation in its growth story while expanding its equity base through the structured ESOS-2020 framework.

Vascon Engineers Limited has secured a major construction contract worth ₹260.09 crores from Navi Mumbai Municipal Corporation for developing a super specialty hospital. The project represents a significant addition to the company's order book and reinforces its position in the healthcare infrastructure segment.

Official Contract Details

The company disclosed the contract award through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015. The construction project involves building a comprehensive super specialty hospital facility at Plot No. 4, Sec 15A, C.B.D Belapur, Navi Mumbai, with Vascon Engineers committing to complete the project within a 36-month timeframe from the date of work order issuance.

Strategic Significance

This contract award demonstrates Vascon Engineers' capabilities in healthcare infrastructure development, a sector that continues to witness substantial investment across India. The Navi Mumbai location positions the project in one of the key growth corridors of the Mumbai metropolitan region.

The engagement with Navi Mumbai Municipal Corporation, a government entity, adds credibility to the company's project portfolio. The 36-month execution timeline indicates the scale and complexity of the super specialty hospital project, which will likely involve advanced medical infrastructure and specialized construction requirements.

Financial Impact

The ₹260.09 crore contract value, inclusive of GST, strengthens the company's project pipeline and provides revenue visibility over the next three years. This order book addition is particularly significant for Vascon Engineers as it expands their presence in the healthcare infrastructure segment within the Mumbai metropolitan region.