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:

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.

Vikran Engineering Limited has successfully completed the allotment of secured, rated, unlisted, redeemable non-convertible debentures (NCDs) worth ₹50 crores on 29th April 2026. The company announced the completion of this debt instrument issuance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Debenture Structure and Terms

The NCDs were issued through private placement in dematerialised form, denominated in Indian Rupees with each debenture having a face value of ₹50 lakh. The issuance was structured across two tranches to optimize the fundraising process.

Financial Terms and Interest Structure

The debentures offer attractive financial terms with a fixed coupon rate and regular interest payments. The company has structured the instruments to provide consistent returns to investors over the tenure.

Regulatory Compliance and Authorization

The debenture allotment was executed following proper corporate governance procedures. The Board of Directors had initially authorized the issuance on 19th October 2024, delegating powers to the Corporate Affairs Committee to finalize terms and effect allotment. Subsequently, the Corporate Affairs Committee passed a resolution on 20th April 2026 exercising the delegated authority to complete the allotment process.

The company has made the required disclosures under Schedule III of the SEBI LODR Regulations in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The debentures are not proposed to be listed on any stock exchange and will remain as unlisted instruments.

Key Features and Redemption

The NCDs carry several important characteristics that define their investment profile. The debentures are secured instruments with charges created over company assets, ensuring protection for investors. Principal repayment is scheduled on maturity dates as per debenture trust deed terms.

The successful completion of this ₹50 crore NCD allotment represents a significant fundraising milestone for Vikran Engineering Limited, providing the company with secured debt capital for its business operations and growth initiatives. The formal disclosure was signed by Company Secretary and Compliance Officer Kajal Rakholiya from Thane on 30th April 2026.