BSECompany Update4d ago · 16 Oct 2026, 08:19 am
Vascon Engineers Limited receives Letter of Acceptance From State Bank of India amounting to Rs. 198 Crore for construction of SBILD, Residential Flats and other commercial outfits at Hinjewadi, Pune- Maharashtra
Vascon Engineers Ltd · 533156
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Vascon Engineers Ltd has received a Letter of Acceptance from State Bank of India for a construction project worth Rs. 198 crore for SBILD, residential flats, and commercial outfits at Hinjewadi, Pune.
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Governance Concern1/10
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Vascon Engineers Ltd - 533156 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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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”