Vikram Solar Limited will conduct its 21st Annual General Meeting (AGM) on Tuesday, August 4, 2026, at 2:00 PM IST through video conferencing and other audio-visual means. The meeting, covering the financial year ended March 31, 2026, will be deemed to have been conducted at the company's Registered Office in Kolkata. The company has set Tuesday, July 28, 2026, as the cut-off date to determine members entitled to vote on the resolutions set forth in the AGM notice.

The Annual Report for FY 2025-26 and the Notice of the 21st AGM will be sent by permitted means to all members whose email addresses are registered with the company, its Registrar and Transfer Agent, or Depository Participants. These documents will also be available on the company's website. Vikram Solar Limited has urged members to register or update their email addresses and other details, such as bank account information and nominations, with their Depository Participants or the Registrar and Transfer Agent.

The company will provide a remote e-voting facility for all members to cast their votes on resolutions. Additionally, members can vote through the e-voting system during the meeting. Sudipta Bhowal, Company Secretary & Compliance Officer, signed the regulatory filing confirming the schedule.

Vikram Solar has secured a legal victory after the National Company Law Appellate Tribunal (NCLAT) set aside the order of the National Company Law Tribunal (NCLT), Kolkata Bench, dated June 12, 2026, which had admitted an insolvency application against the company. The NCLAT Principal Bench, New Delhi, passed the order on June 29, 2026, effectively quashing the proceedings initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016 by operational creditor Isitva Steel Private Limited. The tribunal ruled that the insolvency petition ought not to have been admitted as the claim amount was less than ₹1 crore.

Prior to this final order, the company had deposited ₹91,98,556 via demand draft in favour of the Pay and Accounts Officer, Ministry of Corporate Affairs, New Delhi. The NCLAT directed that this amount be refunded to the appellant after due verification and in accordance with the law. The tribunal noted that the settlement, if any, can be adverted to between the parties directly.

The dispute originated from a settlement agreement where the parties agreed to a total of ₹4,60,49,000, of which ₹4,14,00,000 was already paid. Subsequently, ₹70 lakh was paid, and an email from the operational creditor dated February 4, 2023, acknowledged the remaining liability as ₹91,98,556. With the NCLAT setting aside the admission order, the immediate threat to the company's financial reputation and operational stability is resolved.

Financial Performance for Fiscal 2026

Vikram Solar reported robust operational metrics for the fiscal year ended March 31, 2026, emphasizing its strong financial position and liquidity. The management highlighted that the company has no long-term debt as of the reporting date.

The company noted that its net working capital cycle improved to 44 days in fiscal 2026 from 82 days in fiscal 2025. Existing lenders have confirmed that the company's accounts are reported as standard and regular, with operations deemed satisfactory.