NSEAwarding of order(s)/contract(s)11h ago · 25 Sept 2026, 07:36 am

Awarding of order(s)/contract(s)

Vascon Engineers Limited · VASCONEQ

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Vascon Engineers Limited has received a Letter of Intent for a Rs. 660.79 crore order from Qualcomm India Private Limited for the development of an office facility in Bengaluru.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

Vascon Engineers Limited receives Letter of Intent for Development of Office Facility Ground + 12 Floors at Bengaluru by Multinational IT Company Qualcomm India Private Limited amounting to Rs. 660.79 Crore

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VASCONEQ_25092026073623_24092026LetterofIntent_V3_Changes_Sd.pdf

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September 25, 2026 To, To, National Stock Exchange of India Limited BSE Limited Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Fort, Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Subject: Vascon Engineers Limited receives Letter of Intent for Development of Office Facility Ground + 12 Floors at Bengaluru by Multinational IT Company Qualcomm India Private Limited Ref: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Dear Sir, We are pleased to inform that Vascon Engineers Limited has received work order amounting to Rs. 660.79/- (Rupees Six Hundred & Sixty Crore and Seventy-Nine Lakhs only) (Including Taxes) from Multinational IT Company Qualcomm India Private Limited for “Development of an office facility (Block K) comprising three basements, Ground + 12 floors, and associated infrastructure at Bengaluru.” The work has to be completed within 30 months from the date of site handover. You are requested to kindly take the same on record. Thanking you, For Vascon Engineers Limited Neelam Piyush Pipada Company Secretary and Compliance Officer M No: A31721 Disclosure required pursuant to Regulation 30 of the Listing Regulations read with Para A of Part A of Schedule III to the Listing Regulations and the SEBI Circular having reference no. CIR/CFD/CMD/4/2015 dated September 9, 2015. Annexure-A Disclosure Requirement Details a) Name of the entity awarding the Qualcomm India Private Limited order(s)/contract(s); b) Significant terms and conditions of Development of an office facility (Block order(s)/contract(s) awarded in K) comprising three basements, Ground brief; +12 floors, and associated infrastructure at Bengaluru c) Whether order(s) / contract(s) have Domestic been awarded by domestic/ international entity; d) Nature of order(s) / contract(s) Design and Build, GMP Contract e) Whether domestic or international Domestic f) Time period by which the The work has to be completed within 30 order(s)/contract(s) is to be months from the date of site handover executed g) Broad consideration or size of the Rs. 660.79/- (Rupees Six Hundred & order(s)/contract(s) Sixty Crore and Seventy-Nine lakhs only) (Including Taxes) h) Whether the promoter/ promoter Not Applicable group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; i) Whether the order(s)/contract(s) Not Applicable would fall within related party transactions? If yes, whether the same is done at “arms-length”