Vascon Engineers Limited — Interim / Quarterly Report 2021

Aug 14, 2021

August 14, 2021

To, National St~ck Exchange of India Limited Listing Department, Exchange Plaza, Bandra (E), Mumbai- 400 051

Ref Symbol: VASCONEQ Ref: Scrip Code: 533156

To, BSE Limited The Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

Dear Sir /Madam,

Sub: Outcome of the Board Meeting held on August 14,2021

In continuation to our letter dated August 06, 2021 and August 11, 2021 respectively, and pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Rec,uirements) Regulations, 2015 ("Listing Re~ul ti s") read with Para A of Part A of Schedule Ill, we wish to inform you that the Board of Directors of the Company at its meeting held today has inter-alia:

1. Approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 2021, as recommended by the Audit Committee pursuant to Regulation 33 of Listing Regulations. The Copy of the said Financial Results along with the copy of the Limited Review Report issued by Statutory Auditors of the Company is attached Annexure A.

The statement aforesaid is also being published in Financial Express (English Daily) and Loksatta (Marathi Daily).

1. Approved allotment of 40,00,000 fully paid up Equity Shares ·mder Employees Stock Option Scheme 2017.

The Equity shares allotted above shall have no lock in period. These shares shall rank paripassu with the existing equity shares of the Company and shall be entitled to dividend and other corporate benefits, if any declared by the Company after allotment.

1. Approved raising of funds through preferential issue of shares to Group of Investors and Promoters by issuing upto 3,11,80,396 (Three Crore Eleven Lakhs Eighty Thousand Three Hundred and Ninety Six only) Equity Shares of the Company at an issue price of Rs. 22.45 per share aggregating upto Rs. 70,00,00,000/ - (Seventy Crores only) on a preferential basis. Out of the total issue of 3,11,80,396 equity shares, Promoters shall also be subscribing to the extent of Rs. 10,00,00,000/- (Ten Crores only) consisting of 44,54,341 Equity Shares.

V A SC ON E NGINEE R S LTD. ()3

Registered & Corporate Office: Vascon Weikfield Chambers, Behind Hotel Novotel, Opposite Hyatt Hotel, Pune Nagar Road, Pune Ma A'- Tel.: +91 20 3056 2100/200/300, Fax: +91 20 3056 2600, Web: www.vascon.com

CIN:L70100PN1 986PLC175750

Further, the Board of Directors has decided to obtain the approval of members of the Company in Extra-Ordinary General Meeting ("EGM") which is scheduled to be held on Thursday, September 09, 2021.

The notice of the said EGM shall be submitted to the Stock Exchanges in due course of time in compliance to the provisions of the Listing Regulations.

Further, th~ details of the aforesaid issuance are enclosed herewith at Annexure-B.

The Board Meeting commenced at 1120 hours and concluded at 1239 hours.

You are requested to take the above intimation on record.

For Vascon Engine simi d

.J' • 0-

Dr. Santosh Sundararajan Whole Time Director and Group CEO

VASC ON ENGINEERS LTD.

Registered & Corporate Office: Vascon Weikfield Chambers, Behind Hotet Novotel, Opposite Hyatt Hotel, Pune Nagar Road, Pune Maharashtra, lndia,411014 Tel.: +91 20 3056 2100/200/300, Fax: +91 20 3056 2600, Web: www.vascon.com

CIN: L701 OOPN 1986PLC 175750

Sharp & Tannan Associates

Chartered Accountants

802, Lloyds Chambers, Dr. Ambedkar Road Opp. Ambedkar Bhavan, Pune 411011, INDIA.

• Ť. +91 20 2605 0802
• +91 20 2605 0803 $F$
• E: pune.office@sharp-tannan.com
• $M1$ www.sharp-tannan.com

Independent Auditor's Limited Review Report on Standalone Unaudited Financial results of Vascon Engineers Limited for the quarter ended 30 June 2021, Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To. The Board of Directors VASCON ENGINEERS LIMITED (CIN: L70100PN1986PLC175750) Pune 411 014.

Introduction

• $1.$ We have reviewed the accompanying statement of Unaudited Standalone Financial results of VASCON ENGINEERS LIMITED ("the Company") for the quarter ended June 30, 2021, together with notes thereon ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulations").
• $2.$ The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors on August 14, 2021, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting"("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended ("the Act"), read with relevant rules issued there under and other recognised accounting practices and policies generally accepted in India and Regulation 33 of the Listing Regulations in this regard. Our responsibility is to express a conclusion on the Statement based on our review.

Scope of Review

$3.$ We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India ("ICAI"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

H.O. in Mumbai. Also at Vadodara and Ahmedabad. Associate Offices at Bengaluru, Chennai, Hyderabad, New Delhi and Panjim (Goa).

Conclusion

$4.$ Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 as prescribed under section 133 of the Act and other recognised accounting practices and policies generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations in this regard, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Emphasis of matter

1. We draw attention to Note 5 to the Statement, which describes the management's assessment of economic and social consequences the entity is facing as a result of outbreak of Covid-19 pandemic which is impacting operations of the Company, supply chains, personnel available for work etc.

Our conclusion is not modified in respect of this matter of emphasis.

Other matters

1. Due to the Covid-19 pandemic and the lockdown and other restrictions imposed by the Government and local administration, the review process was carried out based on the remote access and evidence shared digitally.

Our conclusion is not modified in respect of this other matters.

Sharp & Tannan Associates Chartered Accountants Firm's Reg. No. 0109983W Digitally signed by

Tirtharaj Khot Partner Membership no.(F) 037457 UDIN: 21037457AAAABU5521

Pune, August 14, 2021

Sharp & Tannan Associates

Chartered Accountants

802, Lloyds Chambers, Dr. Ambedkar Road Opp. Ambedkar Bhavan, Pune 411011, INDIA.

• +91 20 2605 0802 $T$
• F: +91 20 2605 0803
• E: pune.office@sharp-tannan.com

Independent Auditor's Limited Review report on Consolidated Unaudited Financial results of Vascon Engineers Limited for the ended June 30, 2021 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To.

The Board of Directors VASCON ENGINEERS LIMITED (CIN: L70100PN1986PLC175750) Pune 411 014

Introduction

• $1.$ We have reviewed the accompanying statement of Consolidated Unaudited Financial results of the VASCON ENGINEERS LIMITED ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), which includes Group's share of profit/(loss) in its associates and joint ventures for the quarter ended June 30, 2021, together with notes thereon ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
• $2 -$ The Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors on August 14, 2021, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, ("the Act") as amended, read with rules issued there under and other recognised accounting practices and policies generally accepted in India and Regulation 33 of the Listing Regulations in this regard. Our responsibility is to express a conclusion on the Statement based on our review.

Scope of review

$\overline{3}$ . We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under man As Regulation 33 (8) of the Listing Regulations in this regard, to the extent applicable.

$\overline{4}$ . 'The Statement' includes the results of the entities mentioned in Annexure A.

Conclusion

$5:$ Based on our review conducted and procedures performed as stated in "Scope of review" paragraph above and based on the consideration of the review report of the other auditor referred in the "other Matters" paragraph below, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with recognition and measurement principles laid down in Ind AS 34 as prescribed under section 133 of the Act and other recognised accounting practice and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations in this regard, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Emphasis of matter

1. We draw attention to Note 5 to the Statement, which describes the management's assessment of economic and social consequences the Group is facing as a result of outbreak of Covid-19 pandemic which is impacting operations of the Group (including its associate and joint ventures), supply chains, personnel available for work etc.

Our conclusion is not modified in respect of this matter of emphasis.

Other matters

$7.$ We did not review the Ind AS financial statements of five domestic subsidiaries & one foreign step-down subsidiary included in the Statement, whose Ind AS financial statements reflect total revenues of Rs. 85.29 lakhs, total net loss after tax of Rs 0.88 lakhs, total other comprehensive income of Rs 0.88 lakhs for the quarter ended 30 June 2021, as considered in the Statement. The consolidated financial results also include the Group's share of loss after tax of Rs. 75.73 lakhs and total comprehensive loss of Rs. 160.66 lakhs for the quarter ended 30 June 2021, as considered in the Statement, in respect of five joint ventures whose financial statements have not been reviewed by us.

These financial statements / information are not reviewed and have been furnished to us by the Holding company's management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these five joint ventures, five subsidiary & one foreign step-down subsidiary, are based solely on such unaudited financial information as certified by management. In our opinion and according to the information and explanations given to us by the Holding company's management, these components are not material to the Group.

• 1. One domestic associate is non-operative entities and its financial information as of June 30, 2021 is unaudited. This financial information is provided by the Holding Company's management in whose opinion it is not material to the group.
• $9.$ Due to the Covid-19 pandemic and the lockdown and other restrictions imposed by the Government and local administration, the review process was carried out based on the remote access and evidence shared digitally

Our conclusion is not modified in respect of these other matters.

Sharp & Tannan Associates Chartered Accountants Firm's Reg. No.: 0109983W Digitally signed by

Tirtharaj Khot Partner Membership No.: (F) 037457 UDIN: 21037457AAAABV7201

Pune, August 14, 2021

Annexure A to the Independent Auditors' Limited Review Report on consolidated unaudited financial results of Vascon Engineers Limited for quarter ended June 30, 2021

Sr. No.	Name of the related party	Nature of relationship
1.	Vascon Engineers Limited	Parent Company
2.	GMP Technical Solutions Private Limited	Subsidiary Company
3.	Marvel Housing Private Limited	Subsidiary Company
4.	Almet Corporation Limited	Subsidiary Company
5.	Marathwada Realtors Private Limited	Subsidiary Company
6.	Vascon Value Homes Private Limited	Subsidiary Company
7.	Vascon EPC limited (strike of w.e.f. 01/04/2021)	Subsidiary Company
8.	GMP Technical Solutions Middle East (FZE)	Step Down Subsidiary
	(In process of Winding-up)
9.	Phoenix Venture	Joint Venture
10.	Cosmos Premises Private Limited	Joint Venture
11.	Ajanta Enterprises	Joint Venture
12.	Vascon Saga Construction LLP	Joint Venture
13.	Vascon Qatar WLL	Joint Venture
14.	Mumbai Estates Private Limited	Associate

Vascon Engineers Limited

CIN: l70100PN1986PLC175750

Registered Office: Vascon Weikfield chambers , Behind Novate! Hotel, Opposite Hyatt Hotel. Pune Nagar Road, Pune • 411014 Tel. No. + 91 20 30562100 Fax no.+ 91 20 30562600 Website www.vascon.com Email : compliance@vascon.com STATEMENT OF UNAUDITED CONSOLIDATED AND STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021

(Rs in lakhs)

Sr.	STANDALONEPARTICULARS				CONSOLIDATED
No	QuEnarter			dedYeEndedar		QuEndedarter			YeEndedar
		thJu30ne2021	Mh, 31starc2021	0thJu, 3ne2020	Mh. 31starc2021	0thJu, 3ne2021	Mh, 31starc2021	0thJu, 3ne2020	Mh, 31starc,2021
		(Unoudlted)	(Audited)	(Unaudited)	(Audited)	(Unoudlted)	(Audited)	(UnoudHed)	(Audited)
1	Income
	a)Ree fOionratvenurompes	7,5()6	13.379	3.234	35,723	I 1.162	18.941	4.335	5(),688
	b) Other Income	316	146	319	1.123	340	220	257	1.241
	TotalIncome	7.822	13.525	3,553	36,846	11,502	19,161	4,592	51,929
2	Expensess Ia)CoCf mnsttion Et oaterials cd iludinrucxpenseosonsumencgf landst oco	6,937	10.283	3.283	28.077	9.286	13.849	4.025	37,558
	b) Phaofck-in-destotraurcsec)Chs ininrief finishedodorkindntoangeves ogos. wprogressanckin tradstoe	-(720)	11.123	-(379)	12.780	-(740)	11.268	-(48)5	12.690
	d) Eloe befitsmpyeenexpenses	1,328	869	908	3,390	2.102	1.395	1,512	5.857
	e)CoFinstance	585	524	685	2.451	636	546	765	2.680
	f) Diationd artisatieprecanmoonexpenses	116	197	181	722	248	329	301	1,208
	OtlgJher expenses	294	374	1,769	3,1 12	582	1,571	2,150	5,811
	TotalExpenses	8,540	13,371	6,447	40,533	12,114	18,959	8,268	55,805
3	fit IPro(ls)froOrationosmpes	(71)8	154	(2),894	(3),687	(61)2	202	(3.)676	(3.)876
4	IIShofProfif(L) fJointVeAciantutesoreossromresso					(75)	16	(58	(1 11)
5	fit I(ls)for(3)Probee t+4osax	(71)8	154	(2),894	(3),687	(68)7	218	(3),734	(3),987
6	TaxExpenses
	Cu(in)ntloxcludearliertaxatirres eyearon					16
	DeferredTax	-	-	-	-	-	(37)	-	41
7	roflt/(loss)x ()Net Potterta5-6	(71)8	154	(2),894	(3),687	(70)3	255	(3),734	(4),028
8	othCorehsive Ie (OCI)ermpenncom								I
	befierof(NofItethatwill notclassid tit or loettoxlmsreo pss	65	(1)	(37)	(11)1	65	63	(37)	(47)
9	Totalrehsive Ie (8)7+compenncom	(653)	153	(2,931)	(3,798)	(638)	318	(31),77	(4,07)5
10	Ie flf/Totalrehsive Ithearthacompenncomorqueryearyearribbleattutato:
	Owf the Cners oompany	(65)3	153	(2.9)31	(3.7)98	(64)5	286	(3.)1ill6	(4.)138
	Nolling itrontetsn conres		-	-		7	32	{55)	63
11	01·y SCa(Fa)Paid-EithopitolValueRs. 1r shupqurecepeore	18,214	18,214	17,814	18,214	18,214	18,214	17,814	18.214
12	EarniPer Sho(EPS) •ngsre
	Sa)BasicEP(inRs.)(Nalid)otannuze	(0.40)	0.11	(1.62)	(2.05)	(0.39)	0.15	(2.07)	(2.27)
	b) DilutedEPS(inRs.)(Nalid)otannuze	(0.3)9	0.10	(1.6)2	(2.0)5	(0.3)8	0.14	(2.0)7	(2.2)7
	• Bic anddilutedEPS fallriodsforthndedptasorpeexcee year eMarchlised31, 2021t oorenonnuo

Vascon Engineers Limited CIN: L70100PN1986PLC175750

Particulars		STAN	LODANE		CONSOLIDATED
	QuEndedarter				QuEndedarter		YeEndedar
	30thJune,2021	31stMarch,2021	30thJune,2020	31stMarch,2021	30thJune2021	31stMarch,2021	30thJune2020	31stMarch2021
	(Unaudited)	(Audited)	(Unaudited)	(Audited)	(Unaudited)	(Audited)	(Unaudited)	(Audited)
1. SRentegmevenue
C(EnCon)EPginrinProt andnsttioeeg,curemenruc	7.488	11.1 83	3,189	29,733	7.488	11.183	3,189	29,733
RealEse Delotattevpmen	18	2,196	45	5.990	61	2,270	74	6,101
facg &S(BuS)MaturinBMildiMantystnungnagemeem	-	-	-	-	3,621	5.688	1,072	15,054
Total	7,506	13.379	3,234	35,723	11,170	19,141	4,335	50,888
r-SLess: IRententegmevenue	-	-	-	-	(8)	(200)	-	(200)
Net Sales/ Ie ftioncomromoperans	7,506	13,379	3,234	35,723	11,162	18,941	4,335	50,688
	-	-	-	-	-	-	-	-
Set Rlts2.gmenesu
EPC(EnginrinProndCotion)t ansteeg,curemenruc	855	1,619	(1.441)	2,056	855	1.619	(1,402)	2.056
ReolEse Delotattevpmen	(11)4	(31)0	(65)	(47)3	(11)7	(41)5	(32)7	(1.0)108
g &MafacinBMS(BuildiMaS)turntystnungnagemeem	-	-	-	-	118	144	(291)	638
Subtotal	741	1,309	(1),506	1,583	856	1,348	(2),020	1,686
Less: Finae Ctncos	(58)5	(52)4	(68)5	(2),451	(636)	(54)6	(76)5	(2)!,680
Othellocablendituff ullobleint or unaexperenenacacome	(874)	(631)	(703)	(2,819)	(907)	(584)	(949)	(2,993)
TotalProfHbefore Tax	(71)8	154	(2),894	(3.)687	(68)7	218	(3),734	(3),987
	-	-	-	-	-	-	-	-
Set Ad Liabiliti3.tsgmensseanes
Sets Atsgmensse
EPC(EnginrinProndCotion)t ansteeg,curemenruc	42,085	41.096	34,606	41.096	41,360	40,653	34,063	40,653
RealEse Delotattevpmen	64,250	63.831	68.481	63,831	67,216	66.794	71.668	66,794
Mafacing &BMS(Building Mt S)turystnuanagemenem	-	-	-	-	14.171	13,479	12,595	13.479
Unallableoc	20,279	19,475	21.681	19.475	11,745	11.071	13,390	11.071
Total	126,614	124,402	124,768	124,402	134.492	131,997	131,716	131,997
SeLiabilitietsgmens
EPC(EnginrinProndCotion)t ansteeg,curemenruc	19,356	18.227	17,993	18.227	19,356	18,227	16,340	18,227
RealEse Delotattevpmen	28,532	26,702	27,914	26,702	28,642	26,912	27.857	26,912
Mafacing &BMS(BuildiMaS)turntystnungnagemeem	-	-	-	-	5,481	5,329	5.434	5,329
Unallableoc	9,801	10,051	9,107	10,051	11.584	11,613	12,283	11.613
Total	57,689	54,980	55,014	54,980	65,063	62,081	61,914	62!1,<>_

Notes:

1. The above financial results hove been reviewed by the Audit Committee and approved by the Boord of Directors of the Company at its meeting held on August 14, 2021. The Statutory Auditors of the Company hove carried out a Limited Review and expressed on unqualified opinion lor the quarter ended June 30, 2021 .

2. These results hove been prepared in accordance with the Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act. 2013 and other recognised accounting practices and policies to the extent applicable.

3. The Group has reported segment information as per Indian Accounting Standard 108 "Operating Segments" (lnd AS 108) read with SEBI circular doted 5th July, 2016. The identification of operating segments is consistent with performance assessment and resource allocation by the Chief Operating Decision Maker (CODM). The Company's Chief Operating Decision Maker (CODM) is CEO and Managing Director. Primary reporting business segments ore as follows:

a) Engineering, Procurement and Construction (EPC)

b) Real Estate Development

c) Manufacturing and BMS (Building Management System)

1. The Group has considered the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of receivables. unbilled revenues, goodwill and intangible assets. In developing the assumptions relating to the possible future uncertainties in the g lobal economic conditions because of this pandemic , the Group, as at the date of approval of these financial statements has used internal and external sources of information including credit reports and related information, economic forecasts and consensus estimates from market sources on the expected future performance of the Group. The Group has performed sensitivity analysis on the assumptions used and based on current estimates expects the carrying amount of these assets will be recovered. The impact of COVID-19 on the Group's financial statements may d iffer from that estimated as at the dote of approval of these consolidated financial statements.

2. The Company renegotiated the terms with debenture holders of Zero coupon, rupee denominated unrated unlisted secured non-convertible debentures and agreed for payment f~ 164 1akhs on September 2021 instead of June 2021. During the quarter Company has repaid ~ 1200 lakhs to the debebture holders.

3. The figures for the preceding quarter ended 31st March, 2021 with respect to financial results are the balancing figures between audited figures in respect of the full previous financial year 2020-21 and the published year-to-date figures up to nine months ended 31st December. 2020

4. The figures for the corresponding period 1 year have been regrouped and rearranged wherever necessary to make them comparable.

Place: Pune

By Order of the Boord of Directors

a S ..... iddharth , Vo~ ~ "Managmg 111rector

Annexure B

Details regarding the preferential issue which a listed entity needs to disclose as. per the SEBI Circular dated September 09, 2015.

Particulars	Information
Type of securities proposed to be issued	Equity
Type of issue	Preferential Allotment
Total number of securities proposed tobe issued or the total amount for whichbethesecuritiesissuedwill(approximately)	Preferential issue by issuing upto 3,11,80,396 equityshares of Rs. 22.45 each aggregating upto Rs. 70Crores (Rupees Seventy Crores only)
inofAdditionalInformationcasepreferential issue	Raising of funds through preferential issue of sharesto Group of Investors and Promoters by issuing upto3,11,80,396(Three CroresElevenEightyLakhsThousand Three Hundred andNinety Six only)Equity Shares of the Company at an issue price of Rs.22.45 per share aggregating upto Rs. 70,00,00,000/-(Seventy Crores only) on a preferential basis. Out oftotalissueof3,11,80,396equityshares,thePromoters shall also be subscribing to the extent ofRs. 10,00,00,000/-(Ten Crores only) consisting of44,54,341 Equity Shares.
Name oflnvestor(s)	List attached at Annexure B
Post-allotment of securities: Outcome ofthe subscription,	Outcome of Subscription: Shall be intimated postallotment of equity shares.Issue Price: Rs. 22.45 per equity share (including apremium Rs. 12.45 ever the face value of Rs. 10/-perequity share.No. of investors: 11 (Eleven)
In case of convertibles , intimation onconversion of securities or on lapse f thetenure of the instrument	Not applicable
orofterminationAnycancellationofproposalforissuancesecuritiesincludine: reasons thereof	Not applicable

VAS CON E NGINEERS LTD.

Registered & Corporate Office: Vascon Weikfield Chambers, Behind Hotel Novotel, Opposite Hyatt Hotel, Pune Nagar Road, Pune Maharashtra, lndia,411 014 Tel.: +91 20 3056 2100/200/300, Fax: +91 20 3056 2600, Web: www.vascon.com

CIN: L70100PN1986PLC175750

AnnexureB1

Sr.No.	Name and Identity ofthe proposed allottees	No of shares tobe allotted	Subscriptionamount
	Promoter and Promoter Group (A)
1	Lalitha Vasudevan	2,227,171	50,000,000
2	Siddharth Vasudevan Moorthy	1,336,302	30,000,000
3	Ramya Siddharth Moorthy	890,868	20,000,000

Total (A) 4,454,341 100,000,000

Group of Investors (B)

Sr.No.	Name and Identity of theproposed allottees	Natural persons who arethe ultimate beneficialowners	No of shares tobe allotted	Subscriptionamount
1	Crest Ventures Limited	Vijay K. Choraria	11,135,857	250,000,000
2	Radhakrishna RamnarainPrivate Limited	Atul Ashokkumar Ruia	4,454,342	100,000,000
3	Himanshi Kela	-	3,118,040	70,000,000
4	Sharmila Vasani	-	2,227,171	50,000,000
5	MC Jain Developers PrivateLimited	Mr. Tarun JainMrs. Rajni Tarun Jain	2,000,000	44,900,000
6	Sapientia Holdings LLP	Akash Manek Bhansali	1,563,474	35,100,000
7	Ajinkya Mercantile PrivateLimited	Rahul Appasaheb RajaleKishor P Shinde	1,336,302	30,000,000
8	Nandini Salunkhe	-	890,868	20,000,000

Total (B) 26, 726,os5 I 6oo,ooo,ooo

Total (A+B) 31,180,396 700,000,000

VASCON ENGINEERS LTD.

Registered & Corporate Office: Vascon Weikfteld Chambers, Behind Hotel Novotel, Opposite Hyatt Hotel, Pune Nagar Road, Pune Maharashtra, lndia,411 01• Tel.: +91 20 3056 2100/ 200/300, Fax: +91 20 3056 2600, Web: www.vascon.com

CIN: L701 OOPN1986PLC175750