NSEAwarding of order(s)/contract(s)16 Oct 2026 · 16 Oct 2026, 08:16 am

Awarding of order(s)/contract(s)

Vascon Engineers Limited · VASCONEQ

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Vascon Engineers Limited has received a Letter of Acceptance from State Bank of India for a construction project worth Rs. 198 crore, to be completed within 24 months.

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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

VASCON ENGINEERS LIMITED RECEIVES LETTER OF ACCEPTANCE FROM STATE BANK OF INDIA FOR CONSTRUCTION OF SBILD, RESIDENTIAL FLATS AND OTHER COMMERCIAL OUTFITS AT HINJEWADI, PUNE, MAHARASHTRA AMOUNTING TO RS. 198 CRORE

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VASCONEQ_16102026081542_16102026LetterofIntent_V1_Sd.pdf

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October 16, 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 ACCEPTANCE FOR CONSTRUCTION OF SBILD, RESIDENTIAL FLATS AND OTHER COMMERCIAL OUTFITS AT HINJEWADI, PUNE- MAHARASHTRA Ref: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Dear Sir, We are pleased to inform that Vascon Engineers Limited has received Letter of Acceptance amounting to Rs. 198.00/- (Rupees One Hundred and Ninety-Eight Crore only) (Excluding Taxes) from State Bank of India, Premises and Estate Department, Maharashtra Circle, Pune for “Construction of SBILD, Residential Flats and other Commercial outfits at Hinjewadi, Pune, Maharashtra.” The work has to be completed within 24 months. 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 State Bank of India, Premises and Estate order(s)/contract(s); Department, Maharashtra Circle, Pune- 411014 b) Significant terms and conditions of Construction of SBILD, Residential Flats order(s)/contract(s) awarded in and other Commercial outfits at brief; Hinjewadi, Pune, Maharashtra c) Whether order(s) / contract(s) have Domestic been awarded by domestic/ international entity; d) Nature of order(s) / contract(s) EPC Mode e) Whether domestic or international Domestic f) Time period by which the The work has to be completed within 24 order(s)/contract(s) is to be executed months g) Broad consideration or size of the Rs. 198.00/- (Rupees One Hundred and order(s)/contract(s) Ninety Eight Crore only) (Excluding 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; a) Whether the order(s)/contract(s) Not Applicable would fall within related party transactions? If yes, whether the same is done at “arms-length”