The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
VASCONEQ · price
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SBICAP Trustee Company Ltd, acting as Security Trustee for lenders, has released 1,95,17,124 equity shares (8.624%) of Vascon Engineers Ltd that were previously pledged by the promoters. The release happened on 28 November 2025. After this release, SBICAP Trustee holds zero encumbered shares in the company. This indicates that the promoters have likely repaid or settled the underlying loan facility, freeing up the pledged shares.
This is a positive signal for shareholders as it reduces the pledged portion of promoter holdings, lowering risk of forced selling. Promoter share encumbrance has effectively gone to zero through this trustee, suggesting improved financial health or loan repayment by the promoters.