Vascon Engineers Limited has informed the Exchange regarding 'Allotment of 30,30,000 equity shares of Rs.10/- each under Employee Stock Option Scheme -2020 approved through Circular Resolution'.
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Vascon Engineers Limited has allotted 30,30,000 equity shares of Rs.10 each to eligible employees who exercised their stock options under the company's ESOS-2020 scheme. This was approved through a circular resolution by the Board on March 20, 2026. The allotment increased the company's paid-up share capital from Rs.228.67 crore (22,86,67,112 shares) to Rs.231.70 crore (23,16,97,111 shares), representing a dilution of about 1.32%. The newly allotted shares carry no lock-in period and will rank equally with existing shares, meaning employees can sell them freely and will be eligible for future dividends.
The dilution is modest at roughly 1.3%, so the impact on existing shareholders is limited. The absence of a lock-in period means employees may sell these shares relatively soon, which could add mild selling pressure on the stock. On the positive side, ESOP allotments signal that the company is actively retaining and incentivising its workforce.