Vikran Engineering Incorporates Wholly Owned Subsidiary Vikran Renewable Private Limited for Renewable Energy Business

Vikran Engineering Limited has incorporated a wholly owned subsidiary, Vikran Renewable Private Limited (VRPL), on 4th May 2026, marking its formal entry into the renewable energy sector. 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 new subsidiary is incorporated in India and is yet to commence business operations.

Subsidiary Details and Capital Structure

VRPL has been set up as a Private Limited Company and is a Wholly-Owned Subsidiary of Vikran Engineering Limited. The key financial and structural details of the newly incorporated entity are presented below:

Parameter: Details Name of Subsidiary: Vikran Renewable Private Limited Date of Incorporation: 4th May 2026 Country of Incorporation: India Authorised Capital: ₹15,00,000 Paid-up Capital: ₹1,00,000 Cost of Acquisition: Rs. 1,00,000 (10,000 Equity Shares of Rs. 10 each) Shareholding Acquired: 100% Consideration Type: Cash Turnover: Not Applicable (yet to commence operations)

The parent company has subscribed to 100% of the total paid-up equity share capital of VRPL in cash, acquiring 10,000 equity shares of Rs. 10 each, amounting to Rs. 1,00,000.

Business Objectives and Industry Focus

VRPL has been incorporated to undertake the development, implementation, and operation of integrated renewable energy projects. Its business scope encompasses the following activities:

Solar power generation and other renewable energy sources

Power generation, storage, and sale

Related EPC (Engineering, Procurement, and Construction) activities

Infrastructure development and allied activities

Acting as a holding company to promote, incorporate, acquire, invest in, and hold interests in subsidiaries, joint ventures, or associate companies engaged in renewable energy or related businesses

Vikran Engineering Limited may undertake these activities directly through VRPL or through structured project arrangements, in line with its business strategy.

Related Party and Regulatory Disclosures

The incorporation of VRPL falls within the ambit of a related party transaction, as the Promoter, Mr. Nakul Markhedkar, and Promoter Group member Mr. Vipul Rakesh Markhedkar are also Directors in VRPL. The transaction has been executed at arm's length. No governmental or regulatory approvals are required for the acquisition, and no indicative time period for completion is applicable, given the nature of the transaction as a fresh incorporation.

The disclosure was made pursuant to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th September 2026. The intimation was signed by Kajal Rakholiya, Company Secretary and Compliance Officer, from Thane.

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.

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