SBICAP Trustee releases Vascon Engineers pledged shares

On December 1, 2025, SBICAP Trustee Company Limited (STCL) disclosed the release of pledged shares of Vascon Engineers Limited, acting as security trustee for credit facilities. The release involves 19,517,124 shares, representing 8.624% of Vascon Engineers' total share/voting capital. This action was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Before the release, STCL held 19,517,124 shares in the nature of encumbrance, corresponding to 8.624% of the total share/voting capital. Following the release on November 28, 2025, STCL's holding of encumbered shares, as well as its total share/voting capital, stands at 0%.

The total equity share capital of Vascon Engineers Limited, as per the BSE shareholding pattern dated September 30, 2025, remains 226,287,111 equity shares of Rs. 10/- each, aggregating to Rs. 2,262,871,110. STCL emphasizes that its role is solely as a security trustee, holding security for the benefit of lenders/debenture holders.