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Jul 22, 2013, 03.48 PM IST | Source: Moneycontrol.com

Vascon Engineers: Outcome of board meeting

Vascon Engineers at its meeting held on July 22, 2013 has discussed and approved to appoint a Merchant Banker to advice on the way ahead for issue of equity shares of the Company.

Vascon Engineers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2013, inter alia, have discussed and approved the following:1. To appoint a Merchant Banker to advice on the way ahead for issue of equity shares of the Company.2. Issue of 22,50,000 stock options under Employee Stock Option Scheme, 2013 (ESOS, 2013) subject to requisite approvals. The options would be granted to eligible employees by a committee of Board constituted for this purpose i.e. Compensation Committee. The Company is seekmg approval of shareholders for this proposal in ensuing Annual General Meetmg.Source : BSE

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