Vikran Engineering Ltd

Vikran Engineering has allotted 40 Secured, Unlisted, Redeemable, Non Convertible Debentures (NCDs) of the face value of Rs 50 lakh each and aggregating to Rs 20 crore on private placement basis.

Vikran Engineering has allotted 20 Secured, Unlisted, Redeemable, Non Convertible Debentures (NCDs) of the face value of Rs 50,00,000 each and aggregating to Rs 10 crore in dematerialised form and on private placement basis.

Vikran Engineering announced that the Board of Directors of the Company at its meeting held on 22 May 2026, inter alia, have recommended the final dividend of Rs 0.18 per equity Share (i.e. 18%) , subject to the approval of the shareholders.

Net profit of Vikran Engineering rose 48.31% to Rs 56.00 crore in the quarter ended March 2026 as against Rs 37.76 crore during the previous quarter ended March 2025. Sales rose 82.19% to Rs 647.40 crore in the quarter ended March 2026 as against Rs 355.35 crore during the previous quarter ended March 2025. For the full year,net profit rose 17.85% to Rs 91.70 crore in the year ended March 2026 as against Rs 77.81 crore during the previous year ended March 2025. Sales rose 36.41% to Rs 1249.31 crore in the year ended March 2026 as against Rs 915.85 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales647.40355.35 82 1249.31915.85 36 OPM %14.2419.09 -14.0217.50 - PBDT78.9656.34 40 125.65113.16 11 PBT77.9355.70 40 122.24110.19 11 NP56.0037.76 48 91.7077.81 18 Powered by Capital Market - Live

Vikran Engineering will hold a meeting of the Board of Directors of the Company on 22 May 2026.

Vikran Engineering has executed a Share Purchase Agreement (SPA) for acquisition of 51% equity stake in NOPL Solar Projects (Target Entity), subject to customary conditions precedent as agreed between the parties. The acquisition is in line with the Company's strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects.

Vikran Engineering has acquired 49% stake in NOPL Solar Projects on 15 May 2026. The acquisition is in line with the Company's strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects.

Vikran Engineering has allotted secured, rated, unlisted, redeemable non -convertible debentures aggregating to Rs 50 crore on 29 April 2026.

Vikran Engineering has executed a share purchase agreement (SPA) for acquisition of 49% equity stake in NOPL Solar Projects for a consideration of Rs 4.90 crore. NOPL Solar Projects is engaged primarily for development, operation and maintenance of solar power projects 969 MW (AC) grid-connected solar power project under Component C of the PM-KUSUM Scheme in the renewable energy sector in state of Maharashtra. The acquisition is in line with the Company's strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects.

Vikran Engineering announced that the credit rating assigned to the Company by India Ratings & Research has been reaffirmed at 'A-'. However, the rating outlook has been revised from 'Stable' to 'Negative'. The short term rating has also been reaffirmed at A2+.