The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 19, 2025 for Vasudevan Ramamoorthy
VASCONEQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Vasudevan Ramamoorthy has released the pledge on 1,95,17,124 equity shares (8.62% of Vascon Engineers' share capital) with effect from November 11, 2025. Post-release, his encumbered share count stands at zero, down from 8.62% previously pledged. The shares were pledged with a bank as collateral for a working capital facility availed by Vascon Engineers Ltd, and the de-pledge process with the Trustee is currently underway. The total promoter and promoter group holding in the company stands at roughly 31%, and this disclosure pertains only to the release of the existing pledge, not any change in ownership.
Positive for shareholders — the complete release of the promoter's pledged shares removes encumbrance risk and signals easing of the working capital facility, though the stock impact is likely limited since this is a balance-sheet event rather than a change in ownership.