Vikran engineering Limited has filed a non-applicability certificate with stock exchanges under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March 2026. The regulatory filing confirms that the compliance requirement is not applicable to the company due to its complete dematerialised shareholding structure.

Regulatory Compliance Status

The company submitted the certificate to both BSE Limited and National Stock Exchange of India Limited on 09th April 2026. According to the filing, the entire shareholding of Vikran Engineering Limited remains in dematerialised form, eliminating the need for compliance under the specified regulation.

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the non-applicability certificate dated 06th April 2026. The registrar confirmed that no dematerialisation requests for equity shares were received during the period from 01.01.2026 to 31.03.2026.

The certificate was signed by Company Secretary and Compliance Officer Kajal Rakholiya, who submitted the documentation to fulfill regulatory requirements. The filing emphasizes that no shareholders requested dematerialisation or rematerialisation of shares during the entire quarter.

Regulatory Framework

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 requires companies to submit compliance certificates regarding share transfer activities. However, companies with fully dematerialised shareholding and no transfer requests during the reporting period can file non-applicability certificates instead of standard compliance reports.

The company maintains its registered office at 401, Odyssey IT Park, Road No. 9, Wagle Industrial Estate, Thane(W)-400604, and continues to work with depositories NSDL and CDSL for maintaining its dematerialised share structure.

Vikran Engineering Limited has secured two significant Letters of Award (LoA) totaling Rs. 530.80 Crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for power distribution enhancement projects across Maharashtra. The contracts cover power distribution upgrade work in Nashik and Kolhapur zones, scheduled for completion within 21 months.

Contract Details and Scope

The two contracts are part of the Asian Development Bank-funded Power Distribution Enhancement Program, awarded through National Competitive Bidding process. The breakdown of the orders is as follows:

Project Specifications and Deliverables

Both contracts require execution on a turnkey basis, encompassing comprehensive end-to-end activities. The project scope includes:

• Site survey, planning, design, and engineering
• Manufacturing, testing, and supply of equipment
• Transportation, installation, and commissioning
• Complete documentation of all items and materials including civil works

Key deliverables under the contracts include:

Timeline and Execution

Each contract is scheduled for completion within a 21-month timeline from the date of the respective Letter of Award. This timeline encompasses all phases of the project from initial survey to final commissioning.

Management Commentary

Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, highlighted the significance of these awards. He emphasized that winning both the Nashik and Kolhapur Zone packages through competitive national bidding demonstrates the company's technical capabilities and consistent execution track record in large-scale power distribution infrastructure projects. He noted that these orders will meaningfully strengthen the company's order book and position it well for sustained growth while contributing to Maharashtra's power infrastructure development.

Company Profile

Vikran Engineering Limited operates as a diversified EPC player with expertise across Power Transmission & Distribution, Water Infrastructure, and Railway Electrification. The company also has emerging capabilities in Solar EPC and Smart Metering. Over the years, Vikran has successfully completed 45 projects across 14 states, working with marquee clients including NTPC, Power Grid Corporation of India, state utilities, and public health departments.