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VAS CON VASCON ENGINEERS LTD

Date of the AGM/EGM 24-05-2017

Total number of shareholders on record date 18708 I I

No. of shareholders present in the meeting either in person or through proxy:

Promoters and Promoter Group: 3

Public: 63

No. of Shareholders attended the meeting through Video Conferencing

Promoters and Promoter Group: Not Applicable

Public: Not Applicable -

Resolution No. 1

Resolution required : (Ordinary/ Special) SPECIAL- To amend the Articles of Association of the Company

Whether promoter/ promoter group are interested in the agenda/resolution? Yes

%of Votes Polled on %of Votes outstanding % of Votes in against on shares No. of No. of favour on votes votes polled

Mode of No. of shares No. of votes (3)=[(2)/(1)]* Votes- in Votes- polled (7)=[(5)/(2)]*10

Category Voting held (1) polled (2) 100 favour (4) against (5) (6)=[(4)/(2)]*100 0 Votes Invalid

Promoter and E-Voting 61007102

61007102 100.0000 61007102 0 100.0000 0.0000 0

Promoter Group Poll 0 0.0000 00 0 0.0000 0.0000 0 VASCDN ENGINE E RS LTD.

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VAS CON Postal Ballot (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 61007102 100 61007102 0 100 0 0

E-Voting 0 0.0000 00 0 0.0000 0.0000 0

Poll 0 0.0000 00 0 0.0000 0.0000 0 Postal Ballot 785940

(if Public- Institutions applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 0 0 0 0 0 0 0

E-Voting 24256591 22.9123 24256591 0 100.0000 0.0000 0

Poll 913801 0.8632 913801 0 100.0000 0.0000 0 Postal Ballot 105867144

(if Public- Non Institutions applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 25170392 23.7755 25170392 0 100 0 0 ~';::{;.,, .i .,;, .. ~.• t.;..J~i,ice;:: · ':"Nf'?e1~~ · l: '" ols~:i ... ·, .... '16'766b186~ f·h'tf : " ,.:._-- , .. ·-:. ··' iir.L 86177494~ ~!;,it; ~J~~61~4001~ ~:861:N~~~ ~it :A7;t'o, ? ;t<!. ):~;100.00001 ~···t'4i14,ltirbb00 : ~:;;~. '~:<~:%r • .:~t. i

VASCON ENGINE E RS LTD.

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VAS CON Resolution No. 2 I

Resolution required: I

(Ordinary/ Special) SPECIAL - Issue and Allotment of Compulsory Convertible Debentures and Equity Shares arising on Conversion of Compulsory Convertible Debentures

Whether promoter/ promoter group are interested in the agenda/resolution? Yes

%of Votes %of Votes Polled % of Votes in against on

No. of on outstanding favour on votes votes polled Mode of shares held No. of votes shares No. of Votes- No. of Votes polled (7)=[(5)/(2)] * Votes

Category Voting (1) polled (2) (3)=[(2)/(1)]* 100 in favour (4) -against (5) (6)=[(4)/(2)]*100 100 Invalid

E-Voting 61007102 100.0000 61007102 0 100.0000 0.0000 0

Poll 61007102

0 0.0000 00 0 0.0000 0.0000 0

Promoter and Postal Ballot Promoter Group (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 61007102 100 61007102 0 100 0 0

E-Voting 0 0.0000 00 0 0.0000 0.0000 0

Poll 785940

0 0.0000 00 0 0.0000 0.0000 0

Postal Ballot Public- Institutions (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 0 0 0 0 0 0 0

E-Voting 24256591 22.9123 24256591 0 100.0000 0.0000 0

Poll 105867144

913801 0.8632 913801 0 100.0000 0.0000 0

Postal Ballot Public- Non Institutions (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 25170392 23.7755 25170392 0 100 0 0

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VAS CON

Resolut ion No. 3

Resolution required : (Ordinary/ Special) SPECIAL - Approve Employees Stock option Scheme, 2017 ( ESOS, 2017 )

Whether promoter/ promoter group are interested in the agenda/resolution? Yes

% of Votes % of Votes Polled % of Votes in against on

No. of on outstanding favour on votes votes polled Mode of shares held No. of votes shares (3)=[(2)/(1)]* No. of Votes- No. of Votes polled (7)=[(5)/(2)]* Votes

Category Voting (1) polled (2) 100 in favour (4) -against (5) (6)=[(4)/(2)]*100 100 Invalid

E-Voting 61007102 100.0000 61007102 0 100.0000 0.0000 0

Poll 61007102 0 0.0000 00 0 0.0000 0.0000 0

Promoter and Postal Ballot Promoter Group (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 61007102 100 61007102 0 100 0 0

E-Voting 0 0.0000 00 0 0.0000 0.0000 0

Poll 785940 0 0.0000 00 0 0.0000 0.0000 0

Postal Ballot Public- Institutions (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 0 0 0 0 0 0 0

E-Voting 24256591 22.9123 24256591 0 100.0000 0.0000 0

Poll 105867144 913801 0.8632 913801 0 100.0000 0.0000 0 Postal Ballot

Public- Non Institutions (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 25170392 23.7755 25170392 0 100 0 0

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VAS C ON ENGINEER S LTD.

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VAS CON Resolution No. 4

Resolution required: (Ordinary/ Special) SPECIAL - Approve Grant of Employees Stock Options to the employees equal to or more than 1% of issued Capital at the time of grant of Options

Whether promoter/ promoter group are interested in the -agenda/resolution? Yes

%of Votes Polled on %of Votes in outstanding favour on votes %of Votes

No. of shares No. of pol led against on votes Mode of shares held No. of votes (3)=[(2)/(1)]* No. of Votes- Votes- (6)=[(4)/(2)]*10 polled Votes

Category Voting (1) polled (2) 100 in favour (4) against (5) 0 (7)=[(5)/(2)]*100 Invalid

E-Voting 61007102 100.0000 61007102 0 100.0000 0.0000 0

Poll 61007102 0 0.0000 00 0 0.0000 0.0000 0 Promoter and Postal Ballot !

Promoter Group (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 61007102 100 61007102 0 100 0 0

E-Voting 0 0.0000 00 0 0.0000 0.0000 0

Poll 785940 0 0.0000 00 0 0.0000 0.0000 0 Postal Ballot

Public- Institutions (if applicable) 0 0.0000 00 0 0.0000 0.0000 0 "

Total 0 0 0 0 0 0 0

E-Voting 24256591 22.9123 24256591 0 100.0000 0.0000 0

Poll 105867144 913801 0.8632 913801 0 100.0000 0.0000 0 Postal Ballot

Public- Non Institutions (if applicable) 0 0.0000 00 0 0.0000 0.0000 0

Total 25170392 23.7755 25170392 0 100 0 0 .:~:,::.;·: ~("tf:' :' 'a)~:r~ .ii~ ~Tota ;4 ~· riJf;1t?ool8i• ~ ~r,·;~·:s61?7494! '~,}.;;·~st4Bm.1 ,~:,.:,;; ' • .1.4 ·.::i6rn494. •·.~···, . :l:O,; ~J:. ···~t"'c"!.'± · .~':l .00@., ·~·· ~· . ':.'f'(i;~ .. ~~· ··~~

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VASCON ENGINE E ~ 5 LTD.

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Kulbhushan D. RaneB.Com., ACS

K. D. RANE & ASSOCIATESCOMPANY SECRETARIES

'Purtata i, 15 Milan Coop. Housing Society, Mayur Colony, Kothrud, PUNE - 411 038Tel: 020 25450502 | cell: +91 962 345 7974 | email: cskdrane@gmail.com

Consolidated Scrutinizer's Report

[Pursuant to section 108 of the Companies Act, 2013 and the Companies

(Management and Administration) Rules, 20141

May 25, 2017

To

The Chairman of the Extra-Ordinary General Meeting ('EGM') of the Equity Shareholders of

Vascon Engineers Limited held on May 24, 2017 held at Babasaheb Dahanukar Hall, Oricon

House, 12, K, Dubhash Marg, Near Jahangir Art Gallery, Kalaghoda, Fort, Mumbai 400 001.

Dear Sir

1. By the resolution passed by the Board of Directors of Vascon Engineers Limited ('the

Company') at its meeting held on, April 27, 2017, I was appointed as "Scrutinizer" for the

purpose of:

a. Scrutinising the e-voting process (remote e-voting) under the provisions of section 108

of the Companies Act, 2013 ('the Act') read with Rule 20 of the Companies

(Management and Administration) Rules, 2014 ('the Rules') and Regulation 44 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and

1

b. Poll through physical ballot paper under the provisions of section 109 of the Act read

with Rule 21 of the Rules, on the resolutions contained in the notice to the EGM of the

Equity Shareholders of the Company held on May 24, 2017 held at Babasaheb

Dahanukar Hall, Oricon House, 12, K, Dubhash Marg, Near Jahangir Art Gallery,

Kalaghoda, Fort, Mumbai 400 001.

2. The management of the Company is responsible to ensure the compliance with the

requirements of the Act and the Rules relating to voting through electronic means [i.e. by

remote e-voting and voting by poll by using physical ballot papers at the EGM] for the

resolutions contained in the Notice to the EGM of the Equity Shareholders of the

Company. My responsibility as a scrutinizer for the voting process of voting through

electronic means (i.e. by remote e-voting) and physical ballot papers at the EGM, is

restricted to make a consolidated scrutinizer's report of the votes cast "in favour" or

"against" the resolutions stated above, based on the reports generated from the e-voting

system provided by Karvy Computershare Private Limited ('Karvy'), the Agency

authorized under the Rules and engaged by the Company to provide e-voting facilities for

voting through electronic means, and based on the examination of the physical ballot

papers through which votes were cast by the members at the EGM.

3. I have issued separate Scrutinizer's Report dated May 25, 2017 on the remote e-voting and

on the poll through physical ballot papers on the resolutions contained in the notice to the

EGM. I submit herewith my consolidated scrutinizer's report on the results of voting

through electronic means (i.e. by remote e-voting) and through physical ballot papers at the

EGM as under:-

2

Items of the

Notice

Item No. 1 —

Amend the

Articles of

Association of

the Company

(As a Special

Resolution)

Item No. 2 -

Issue and

Allotment of

Compulsory

Convertible

Votes in favour of the

resolution

Nos. % of total

number of

valid votes

cast (Favour

and Against)

86177494 100%

Votes against the resolution

Nos.

NIL

% of total

number of

valid votes

cast

(Favour

and

Against)

NIL

RESOLUTION PASSED WITH REQUISITE MAJORITY

86177494 100% NIL NIL

Invalid Votes

Nos.

37015

37015

Debentures and

Equity Shares

arising on

Conversion of

Compulsory

Convertible

Debentures

3

(As a Special

Resolution)

RESOLUTION PASSED WITH REQUISITE MAJORITY

Item No. 3 -

Approve 86177494 100% NIL NIL

Employees

Stock option

Scheme, 2017

(ESOS, 2017)

(As a Special

Resolution)

RESOLUTION PASSED WITH REQUISITE MAJORITY

Item No. 4 —

Approve Grant 86177494 100% NIL NIL

of Employees

Stock Options

to the

employees equal

to or more than

1% of issued

Capital at the

time of grant of

Options

(As a Special

Resolution)

4

37015

37015

RESOLUTION PASSED WITH REQUISITE MAJORITY

4. The electronic data and all other relevant records relating to the e-voting and voting at

AGM through physical ballot papers, are under my safe custody and will be handed over

to the Company Secretary for preserving safely after the Chairman considers, approves

and signs the minutes of the AGM.

Thanking You

Kulbhushan D Rane

Place: Pune

Shan O

ACS NO. 30644

CPNo. 11195

5