Vascon Engineers Limited — Board Meeting, 14-05-2025: Outcome of Board Meeting

Vascon Engineers has announced a board meeting on the financial results for the quarter and half-year. For FY25, consolidated profit before tax surged to Rs 149.19 Cr from Rs 67.5 Cr last year, boosted by exceptional gains from selling subsidiaries. The company is exiting its 5% stake in Ascent Hotels for Rs 45 Cr. It appointed M/s Amit Jaste & Associates as Secretarial Auditor for five years, pending shareholder approval. Vascon remains focused on its core EPC and real estate businesses after exiting manufacturing and BMS segments.