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The board of Vascon Engineers in its meeting on 14 May 2011 has recommended dividend at the rate of Re 1 per share (10%) for the year 2010-2011.
Further, the board has approved the allotment of 90,000 equity shares of face value of Rs 10 each to eligible employees of the company who exercised their stock options under the Employee Stock Option Scheme, 2007.
With this allotment, the paid up capital of the company increased to Rs 90.11 crore divided into 9,01,06,050 equity shares of Rs 10 each.
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