Vikran Engineering Limited has scheduled an earnings conference call to discuss the operational and financial performance for the quarter and fiscal year ended March 31, 2026. The meeting is set for Tuesday, May 26, 2026, at 3:30 PM IST. This announcement follows the company's earlier notification regarding its board meeting scheduled for Friday, May 22, 2026, to consider the audited standalone and consolidated financial results for the same period.

Conference Call Details

The earnings call will feature key management personnel, including Mr. Rakesh Markhedkar (Promoter & CMD), Mr. Nakul Markhedkar (Whole Time Director), and Mr. Ashish Bahety (Chief Financial Officer). Participants can join the discussion via the provided access numbers or the Diamond Pass Link.

Board Meeting Agenda

During the board meeting on May 22, 2026, the directors will consider the approval of the audited financial results for Q4 and FY26. The agenda includes the recommendation of a dividend, if any, for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the board will deliberate on proposals to enhance the company's borrowing limits from ₹1000 crore to ₹1500 crore and raise funds through secured or unlisted non-convertible debentures up to an aggregate amount of ₹400 crore.

Trading Window Closure

The company has confirmed that the trading window for dealing in its securities remains closed. This closure will continue until 48 hours after the unpublished price-sensitive information regarding the financial results is submitted to the stock exchanges.

Vikran Engineering Limited has acquired a 100% equity stake in NOPL Solar Projects Private Limited, making it a wholly-owned subsidiary. The company executed a Share Purchase Agreement (SPA) to purchase the remaining 51% stake, comprising 5,100 equity shares at a price of ₹10,000 per share. The aggregate consideration for this latest transaction amounted to ₹5.10 crore, which was discharged entirely in cash. The acquisition was completed on May 20, 2026.

Prior to this transaction, Vikran Engineering held a 49% stake in the target entity, which it had acquired earlier for ₹4.90 crore. With the purchase of the remaining shares, the company now holds full ownership of NOPL Solar Projects Private Limited. The acquisition falls within the ambit of a related party transaction, as one director and one key managerial personnel of the acquirer are also directors in the target entity. The transaction was conducted at an arm's length basis.

The strategic move aligns with Vikran Engineering's objective to diversify its business and expand its footprint in the renewable energy sector. NOPL Solar is engaged in the development, operation, and maintenance of solar power projects. Specifically, the entity is undertaking a 969 MW (AC) grid-connected solar power project under Component C of the PM-KUSUM Scheme in Maharashtra. The company has already undertaken the execution of solar power projects in the fiscal year 2025-2026.

Transaction Details

The target entity was incorporated on May 20, 2024, with a paid-up capital of INR 1,00,000. No specific governmental or regulatory approvals were required for the completion of this acquisition.