Vascon Engineers Limited — Board Meeting, 10-12-2024: Outcome of Board Meeting

The Board of Directors has approved the allotment of 24.5 lakh equity shares at ₹10 each under the Employees Stock Option Scheme-2020 (Tranche-II). This increases the paid-up share capital from ₹223.84 crore to ₹226.29 crore. Additionally, the board reconstituted its committees, with new members appointed to key roles in the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. These changes signify ongoing efforts to strengthen corporate governance and enable better alignment with strategic objectives.