Vikram Capital Management Private Limited, a promoter group company, declared on behalf of the promoters and persons acting in concert that no new encumbrance has been created on the shares of Vikram Solar as of March 31, 2026. The disclosure confirms that any existing charges on the shares were previously reported and no fresh indirect or direct encumbrance exists. This filing is significant as it assures shareholders regarding the unencumbered status of the promoter holdings, which is critical for voting rights and share transferability.

The declaration was submitted to BSE Ltd and National Stock Exchange of India Ltd in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Parikshit Chiripal, Director of Vikram Capital Management Private Limited, on April 07, 2026. The regulation requires periodic disclosures to ensure transparency regarding the pledging or encumbrance of shares by promoter groups.

Promoter and Promoter Group Details

The filing included a comprehensive list of the promoter and promoter group entities as of the specified date. The list comprises 84 entities, categorized as either Promoters or Promoter Group members. Gyanesh Chaudhary and Vikram Capital Management Private Limited are listed as Promoters, while entities such as Nilam Chaudhary, VSL Ventures Private Limited, and Vikram India Limited are included in the Promoter Group category.

The complete list of entities submitted to the exchanges is detailed below:

Nilam Chaudhary, a member of the promoter group, has disclosed the creation of an encumbrance on equity shares of Vikram Solar Limited . The disclosure was made to the stock exchanges under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The encumbrance involves the pledging of 30,00,000 equity shares, which represents 0.83% of the company's total share capital. The shares were pledged on May 14, 2026, in favor of JIO Credit Limited. The purpose of the encumbrance is stated as availing finance.

Details of Encumbrance

The disclosure provides a comprehensive breakdown of the shareholding and encumbrance details for all promoters of the company. The table below outlines the specific details regarding the pledged shares and the overall promoter holding structure.

Promoter Holding Overview

The total promoter holding in Vikram Solar Limited stands at 22,83,18,938 shares, accounting for 63.01% of the total share capital. Prior to this event, there were no encumbered shares reported for Nilam Chaudhary. However, another promoter entity, VSL Ventures Private Limited, had previously encumbered its entire holding of 1,50,99,750 shares.

Following the recent pledge by Nilam Chaudhary, the total post-event holding of encumbered shares within the promoter group has increased to 1,80,99,750 shares, representing 5.00% of the total share capital.