NSERescission/termination(s)23 Jul 2026 · 23 Jul 2026, 04:37 pm

Rescission/termination(s)

Vascon Engineers Limited · VASCONEQ

✦ AI SummaryOrder Cancel

Vascon Engineers Limited has announced the cancellation of a work order worth Rs. 131.58 Crore from Reliance Industries Limited for the construction of buildings at RG Expansion Jamnagar.

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Earnings Impact3/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Cancellation of Work Order by Reliance Industries Limited

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VASCONEQ_23072026163718_23072026cancellationofworkorder_Sd.pdf

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July 23, 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: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 – Cancellation of Work Order by Reliance Industries Limited Dear Sir, Further to our intimation dated May 18, 2026, regarding the receipt of a Letter of Intent from Reliance Industries Limited(“RIL”) amounting to Rs. 131.58 Crore (excluding GST) for the “Construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar”, we wish to inform you that the work order has been cancelled by RIL. Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the required additional details are enclosed herewith as Annexure-1. You are requested to kindly take the same on record. Thanking you, For Vascon Engineers Limited Neelam Pipada Company Secretary and Compliance Officer M No.: A31721 Annexure-1 Disclosure Requirement Details Name of parties to the order/Contract R eliance Industries Limited (“RIL”) Nature of the order/ Contract Construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar. Date of execution of the order / contract No execution commenced. Reasons for termination and impact Work Order cancelled by RIL thereof