Vikran Engineering Ltd

Vikran Engineering Limited has fixed Friday, 28th August 2026, as the record date for the final dividend of Rs 0.18 per equity share, or 18%, for the financial year ended 31st March 2026, with payment expected on or after Monday, 14th September 2026, subject to shareholder approval.

Vikran Engineering Limited announced the allotment of Rs 3.50 crore in Tranche II and Rs 6 crore in Tranche III of secured, unrated, unlisted, redeemable, taxable, non-convertible debentures on August 3rd and August 7th, 2026, respectively, following approvals from the company’s Corporate Affairs Committee. The debentures, which carry a fixed coupon rate of 11.40% per annum and are to be repaid over 12 months and 5 days, are backed by a subservient charge over the company's current assets.

Vikran Engineering Limited will hold a board meeting on August 11, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and to consider a modification to a resolution previously approved on May 22, 2026, regarding enhancement of the company’s overall borrowing limits up to Rs 1,500 crore. The board will also consider the terms and conditions for the issuance of debt securities up to Rs 1,000 crore, alteration in Articles of Association, and the appointment of a Cost Auditor for the financial year 2026-27.

Vikran Engineering Limited announced that its Corporate Affairs Committee approved the issuance of Rs 20 crore in secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (“NCDs”) on a private placement basis, with a face value of Rs 25,00,000 each, the allotment date being July 31, 2026, and maturity date August 5, 2027. The NCDs carry a fixed coupon rate of 11.40% p.a. with monthly interest payments, and will be redeemed in two parts: 95% on October 31, 2026, and the remaining 5% on August 5, 2027.

Vikran Engineering Limited has secured a new order worth approximately Rs 120.69 crore from Power Grid Corporation of India Limited (POWERGRID) for the 400 kV GIS Substation Extension Package SS -147, which includes augmentation works at the Magarwada, Vadodara, and Rajgarh substations in Dadra & Nagar Haveli, Gujarat, and Madhya Pradesh, respectively.

Vikran Engineering Limited has successfully commissioned the strategically significant 132 kV Miao –Namsai Transmission Line in Arunachal Pradesh, a project comprising 40.630 kilometres of transmission line and 138 tower foundations, according to a press release. The project, monitored by the Ministry of Power, Government of India, is expected to strengthen the power supply network in Arunachal Pradesh and facilitate the evacuation of upcoming hydropower projects in the North Eastern Region.

Vikran Engineering announced that the Company has redeemed 30 (Thirty) Unsecured, Rated, Unlisted, Redeemable, Non Convertible Debentures (ISIN: INE01R507041) aggregating to Rs 15 crore on 24 July 2026 in accordance with the terms of issue.

The scope of work includes design, engineering, procurement, supply of solar PV modules and inverters, erection, testing and commissioning of the project. The order follows a restructuring of the project execution framework. The company had earlier received an EPC work order worth Rs 2,035.26 crore from Onix Renewable in December 2025 for execution of a 600 MW project. Of this, work worth approximately Rs 388.67 crore has been tentatively executed, while the balance contract value of around Rs 1,893.26 crore has been mutually cancelled. Following Vikran Engineering's acquisition of 100% equity in NOPL Solar Projects, the EPC execution has been realigned, with the project now being executed directly under a work order issued by NOPL. The company clarified that the cancellation of the earlier Onix Renewable contract was solely due to the revised contractual structure arising from the acquisition and was not related to any dispute, default or performance issue. It further stated that the revised arrangement is not expected to have any material adverse impact on its operations, financial position or business prospects. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. The company's consolidated net profit jumped 48.31% to Rs 56 crore on a 82.19% increase in revenue to Rs 647.40 crore in Q4 FY26 as compared with Q4 FY25. Powered by Capital Market - Live

Vikran Engineering announced the cancellation of order worth Rs 354.21 crore from Ellume Energy MH Solar One (SPV) due to prolonged delays in achieving the necessary project readiness milestones at the client's end. The client was unable to provide the required Power Purchase Agreement (PPA), work commencement approvals, design clearances, scope finalization, and mobilization permissions within the expected timelines. Consequently, the commencement of the project remained uncertain, making execution of the work order commercially unviable. The order pertained to turnkey Engineering, Procurement, and Construction (EPC) Contract for the 100 MW AC Solar Power Project in Maharashtra.

The scope of work includes design, engineering, procurement, supply of solar PV modules and inverters, erection, testing and commissioning of the project. The order follows a restructuring of the project execution framework. The company had earlier received an EPC work order worth Rs 2,035.26 crore from Onix Renewable in December 2025 for execution of a 600 MW project. Of this, work worth approximately Rs 388.67 crore has been tentatively executed, while the balance contract value of around Rs 1,893.26 crore has been mutually cancelled. Following Vikran Engineering's acquisition of 100% equity in NOPL Solar Projects, the EPC execution has been realigned, with the project now being executed directly under a work order issued by NOPL. The company clarified that the cancellation of the earlier Onix Renewable contract was solely due to the revised contractual structure arising from the acquisition and was not related to any dispute, default or performance issue. It further stated that the revised arrangement is not expected to have any material adverse impact on its operations, financial position or business prospects. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. The scrip fell 1.19% to end at Rs 70.29 on the BSE on Thursday. Powered by Capital Market - Live