Vikran Engineering Ltd

Vikran Engineering Limited announced that its wholly-owned subsidiary, NOPL Solar Projects Private Limited, entered into a facility agreement with Indian Renewable Energy Development Agency Limited (IREDA) for a rupee term loan facility of up to Rs 2,941.19 crore to part finance a 969 MWac / 1,163 MWp solar photovoltaic power project in Maharashtra, with an estimated project cost of Rs 4,201.70 crore. The agreement finalizes financing arrangements for an EPC contract awarded to Vikran Engineering Limited for the 969 MW solar power project, valued at Rs 3,517.98 crore.

VIKRAN ENGINEERING LIMITED informed the BSE Limited and National Stock Exchange of India Limited that a certificate of non-applicability under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, was received from its Registrar and Share Transfer Agent, Bigshare Services Private Limited, for the quarter ended September 30, 2026, as the company's shares are held in dematerialized form and no dematerialization requests were received during that period.

Vikran Engineering Limited informed the Bombay Stock Exchange and National Stock Exchange that its board approved the issuance of a corporate guarantee aggregating up to Rs 2,941,19,00,000 to its wholly-owned subsidiary to facilitate credit facilities for business operations and solar projects, and also approved an additional promoter contribution of up to Rs 200 crore to the subsidiary to meet project financing requirements. The board also took note of the Cost Audit Report and its annexures for the financial year 2025-26, authenticated by M/s R. R. Ahirwar & Associates.

Vikran Engineering Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI regulations.

VIKRAN ENGINEERING LIMITED informed the BSE Limited and National Stock Exchange of India that its members approved alterations to the company’s Memorandum of Association and Articles of Association at the 18th Annual General Meeting held on September 11, 2026, including the insertion of Clause 3(A)(I)(b) to enable the company to build, establish, maintain, operate, lease or transfer projects comprising substations, transmission lines, renewable energy, data centers, telecom infrastructure, smart metering and water infrastructure, and Clause 3(A)(I)(c) to allow the company to generate, distribute, supply, transmit, purchase, sell and deal in conventional and non-conventional energy resources. The alterations also include the insertion of Clause 137(e) in the Articles of Association, enabling the appointment of a Nominee Director by the Debenture Trustee.

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.