Vascon Engineers Limited has reported a significant development in its shareholding structure. The company received a disclosure notification from Blue Daimond Properties Private Limited regarding a substantial acquisition of shares, as per the Securities and Exchange Board of India (SEBI) regulations.

Disclosure Details

The notification, submitted to both the BSE Limited and the National Stock Exchange of India Limited on September 17, was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulation requires investors to disclose their shareholding when it crosses certain thresholds, ensuring transparency in the market.

Company Response

Neelam Piyush Pipada, Company Secretary and Compliance Officer of Vascon Engineers Limited, acknowledged the receipt of the disclosure and communicated it to the stock exchanges. The company has fulfilled its obligation to inform the market about this significant change in its ownership structure.

Market Impact

On the same day as the disclosure, Vascon Engineers Limited also responded to a query from the BSE regarding a significant increase in the trading volume of the company's securities across exchanges. In its response, the company stated:

• There were no undisclosed developments requiring mandatory disclosure under SEBI regulations.
• All necessary disclosures had been made in a timely manner.
• The increase in trading volume was purely market-driven, with the company having no knowledge of or control over such movements.
• No additional information or announcements were pending at that time.

Implications

This substantial acquisition by Blue Daimond Properties Private Limited could potentially influence Vascon Engineers' future strategic decisions. However, the exact percentage of shares acquired and the resulting ownership structure have not been disclosed in the available information.

Investors and market analysts will likely be watching closely to see if this acquisition leads to any changes in Vascon Engineers' board composition, management, or business strategy in the coming months.

Shareholders and potential investors are advised to keep an eye on further disclosures and announcements from the company for a complete understanding of this development and its potential impact on Vascon Engineers Limited's future.

Vascon Engineers shares experienced a significant uptick in Tuesday's trading session, gaining nearly 10% and marking the fifth day of gains in six trading sessions. The construction and engineering company's stock witnessed unprecedented trading activity, setting a 15-year record for trading volume.

Record-Breaking Trading Volume

The stock recorded an exceptional trading volume, with over 4.5 crore shares changing hands during the session. This volume surge represents a substantial increase compared to the 20-day average of 15 lakh shares, indicating heightened investor interest in the company.

Stock Performance and Recovery

Vascon Engineers' stock has shown remarkable recovery since its Covid-19 low of ₹6.00, surging over 10 times from that point. However, it's worth noting that despite this significant rebound, the stock still trades below its initial public offering (IPO) price of ₹165.00 from February 2010. The company has not issued any bonus shares or conducted stock splits since its listing.

Recent Stock Movement

• The stock has gained nearly 30% in the past month.
• It has turned positive year-to-date, indicating a reversal of previous downward trends.

Ownership Structure

As of the June quarter:

• Promoters hold a 31% stake in the company.
• Market veteran Vallabh Bhanshali holds a 1.01% stake.
• Barclays Wealth Trustees India maintains a 2.25% stake.

Upcoming Investor Meetings

According to recent LODR (Listing Obligations and Disclosure Requirements) filings, Vascon Engineers has scheduled several meetings with investors and analysts:

1. September 23, 2025: Virtual meeting with Arihant Capital for the Bharat Connect Conference: Rising Stars - Sept 2025.
2. September 19, 2025: In-person meeting with Bugle Rock PMS and a virtual meeting with 9 Rays EquiResearch.

The company plans to use its Q1 FY26 Investor Presentation from August 2025 during these meetings, which is available on the company's and stock exchanges' websites. Vascon Engineers has stated that no unpublished price-sensitive information will be shared during these meetings.

These upcoming investor interactions could potentially provide more insights into the company's performance and future outlook, which may be contributing to the recent surge in investor interest and stock performance.