Mrs. Rachana Vikalp Patel increases stake in Vikram Thermo to 66.01%

Mrs. Rachana Vikalp Patel has increased her shareholding in Vikram Thermo (India) Limited to 66.01% following an acquisition of 7,50,000 equity shares through an off-market inter-se transfer. The transaction, executed on June 24, 2026, involved a gift of shares and was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the acquisition, the acquirer along with persons acting in concert held 1,99,48,187 shares, accounting for 63.61% of the total paid-up voting capital. The transfer of 7,50,000 shares, representing 2.39% of the capital, has raised the combined post-acquisition stake to 2,06,98,187 shares. The transferor belongs to the promoter or promoter group of the company.

Shareholding Details

The disclosure outlines the shift in ownership structure resulting from the inter-se transfer. The total equity share capital of the target company remains unchanged at 3,13,57,850 equity shares of ₹10 each, aggregating to ₹313578500.

Description	Number of Shares	% of Total Share/Voting Capital
Holding before acquisition	1,99,48,187	63.61
Shares acquired	7,50,000	2.39
Holding after acquisition	2,06,98,187	66.01

The acquisition was executed entirely through shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction. The diluted share capital remains identical to the total voting capital as there are no outstanding convertible instruments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.60%	+1.50%	+48.79%	+45.46%	+52.92%	+571.10%

Vikram Thermo (India) Limited reported a net profit of ₹3,849.85 lakh for the financial year ended March 31, 2026, an increase of 14% compared to ₹3,375.87 lakh in the previous year. Total income for FY26 stood at ₹13,572.04 lakh, up from ₹12,913.84 lakh in FY25. The board, in its meeting held on May 26, 2026, approved the audited financial results and recommended a final dividend of 12.5%, amounting to ₹1.25 per share on equity shares of ₹10 each, subject to shareholder approval.

Q4 Performance Highlights

Vikram Thermo delivered a strong quarterly performance, with Q4 net profit more than doubling to ₹851.84 lakh from ₹407.48 lakh in the same period last year. Total income for the quarter rose to ₹3,870.02 lakh from ₹2,814.16 lakh in the corresponding quarter of the previous year. Profit before tax for Q4 FY26 was ₹1,201.54 lakh, compared to ₹692.48 lakh in Q4 FY25.

Metric	Q4 FY26 (₹ in lakh)	Q4 FY25 (₹ in lakh)
Total Income	3,870.02	2,814.16
Net Profit	851.84	407.48
PBT	1,201.54	692.48
EPS (Basic)	2.72	1.30

Annual Financial Performance

The company's profit before tax from continuing operations for FY26 was ₹5,224.46 lakh, compared to ₹4,413.57 lakh in the previous year. Basic and diluted earnings per share (EPS) for continuing operations for FY26 were ₹12.28, up from ₹2.58 in the prior year. The financial results were prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The statutory auditor, J. T. Shah & Co., provided an unmodified opinion on the standalone financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Metric	FY26 (₹ in lakh)	FY25 (₹ in lakh)
Total Income	13,572.04	12,913.84
Net Profit	3,849.85	3,375.87
PBT	5,224.46	4,413.57
EPS (Basic)	12.28	2.58

Board Decisions and Appointments

The board appointed M/s. Samir M. Shah & Associates as the internal auditor and M/s. Nisha Patel & Associates as the cost auditor for FY27. Additionally, the directors approved a 10% increase in remuneration for the Managing Director Mr. Dhirajlal Patel, Whole Time Directors Mr. Ankur Patel and Mr. Dinesh Patel, and Head F&D Mr. Vikalp Dhirajlal Patel, with the increase for Mr. Vikalp Dhirajlal Patel subject to shareholder approval.