Borosil Scientific Limited Promoters Declare NIL Encumbrance...
Source: scanx.trade
05 May 2026
Vikran Engineering Limited has incorporated a new wholly owned subsidiary, VIKRAN For Good Foundation ('VGF'), as a Section 8 company under the Companies Act, 2013, effective 4th May 2026. The development was disclosed to stock exchanges on 5th May 2026 in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The foundation has been established to undertake charitable and social impact initiatives aligned with the company's corporate social responsibility objectives.
Key Details of VIKRAN For Good Foundation
The following table summarises the key parameters of the newly incorporated subsidiary as disclosed by the company:
Parameter: Details Name of Entity: VIKRAN For Good Foundation (VGF) Type of Entity: Section 8 Company under the Companies Act, 2013 Date of Incorporation: 4th May 2026 Country of Incorporation: India Authorised Capital: ₹5,00,000 Paid-up Capital: ₹1,00,000 Shareholding Acquired: 100% Cost of Acquisition: ₹1,00,000 (10,000 Equity Shares of ₹10 each) Consideration Type: Cash Turnover: Not Applicable (yet to commence operations)
Objects and Purpose of the Foundation
VGF has been incorporated to undertake and promote a broad range of social welfare activities. The foundation's stated objectives encompass the following areas:
Social welfare and support for underprivileged sections of society
Education initiatives and programs
Healthcare support and related activities
Environmental sustainability programs
Community development initiatives
The foundation aims to create sustainable social impact through structured programs aligned with Vikran Engineering Limited's CSR objectives. As VGF is yet to commence business operations, no turnover history is applicable.
Promoter and Related Party Disclosures
VGF has been incorporated as a wholly owned subsidiary of Vikran Engineering Limited. The Promoter, Mr. Nakul Markhedkar, and Promoter Group member Mr. Vipul Rakesh Markhedkar are also Directors in VGF. The company has disclosed that the transaction has been executed at arm's length. No governmental or regulatory approvals were required for the incorporation.
Regulatory Compliance
The intimation was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The disclosure was signed by Kajal Rakholiya, Company Secretary and Compliance Officer, from Thane on 5th May 2026. The company has subscribed to 100% of the total paid-up equity share capital of VGF in cash, making it a wholly owned subsidiary.
Vikran Engineering has commissioned its second solar plant, furthering its distributed renewable energy expansion under the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme. This milestone reflects the company's ongoing efforts to scale its presence in the decentralized solar energy segment supported by the government initiative.
Second Solar Plant Commissioned Under PM-KUSUM
The commissioning of the second solar plant represents a continued push by Vikran Engineering into the distributed renewable energy space. The PM-KUSUM scheme, a central government programme, is designed to promote solar energy adoption, particularly in rural and agricultural sectors, making it a key policy framework within which the company is operating.
Parameter: Details Development: Second solar plant commissioned Scheme: PM-KUSUM Focus Area: Distributed renewable energy
Expanding Renewable Energy Footprint
With the commissioning of this second facility, Vikran Engineering continues to build on its renewable energy portfolio. The move aligns with the broader national agenda of expanding decentralized solar power generation across India. The PM-KUSUM scheme provides a structured framework for such distributed solar installations, and Vikran Engineering's participation signals its active role in this segment.
The company's sequential commissioning of solar plants under PM-KUSUM highlights a systematic approach to scaling its renewable energy operations, reinforcing its position within India's growing clean energy landscape.
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