Vascon Engineers Limited — Important, 01-08-2025: Updates

Vascon Engineers is grappling with a dispute concerning the share transfer of its wholly-owned subsidiary, Almet Corporation. A partner of Ramanuj Venture, the intended transferee, has challenged the transfer, prompting a formal complaint. Consequently, the Share Transfer Agreement has been put on hold until this internal partner dispute is resolved. The company is actively reviewing the situation and will take necessary steps. This development temporarily stalls the planned ownership transition of Almet.