Vascon Engineers Reports No Fund Utilization Deviation

Date: November 03, 2026

The statement confirms that there is no deviation or variation in the use of funds raised.

Mode of Fund Raising: Preferential Issue of Fully Convertible Warrants

Date of Raising Funds: April 17, 2026

Total Amount Raised: ₹20,00,00,000 (₹20 Crore)

Reporting Quarter Ended: September 30, 2026

Breakdown of Fund Utilization against Original Objects:

| Original Object | Original Allocation | Funds Utilized |

| Real Estate - New Launches | Upto ₹32 Crore | ₹8 Crore |

| Working Capital (EPC) | Upto ₹32 Crore | NIL |

| General Corporate Purposes | Upto ₹16 Crore | ₹2 Crore |

Key Details of the Fund Raise:

The fund raise was pursuant to shareholder approval dated May 18, 2026.
The company received in-principle approvals from NSE India Limited on July 14, 2026 and from BSE Limited on July 15, 2026.
The company has received 25% of the total consideration as an initial subscription for the allotment of 2,00,00,000 fully convertible warrants.
The warrants were allotted to the 'Promoter' and 'Non-Promoter, Public Category'.
The balance amount is to be received within 18 months.

Comments of the Audit Committee after review: None

Comments of the auditors, if any: None

The monitoring agency for the fund utilization is stated as 'Not Applicable'.

The statement confirms that the deviation/variation is not pursuant to any change in terms of a contract or objects approved by shareholders.