Vikram Solar Limited has responded to a BSE inquiry regarding increased trading volume in its shares, clarifying that the company has no undisclosed material information that could impact stock performance. The response was submitted on February 23, 2026, addressing the exchange's surveillance query about unusual volume activity.

Regulatory Compliance Statement

Vikram Solar confirmed in its official communication that it has made all relevant disclosures to stock exchanges in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company specifically referenced compliance with Regulation 30, which governs material event disclosures.

Company's Position on Volume Increase

The solar equipment manufacturer stated it is not aware of any reason for the volume increase and does not possess any information or pending announcements that would require disclosure under Regulation 30. This regulation mandates companies to disclose events that may have a bearing on price or volume behavior in their securities.

Vikram Solar emphasized its commitment to maintaining the highest levels of corporate governance practices and disclosure standards. The company assured continued compliance with all SEBI LODR requirements, including timely disclosures as mandated under listing regulations.

Corporate Information

The communication was digitally signed by Company Secretary and Compliance Officer Sudipta Bhowal on February 23, 2026. Vikram Solar operates manufacturing facilities in Falta, West Bengal, and Chennai, Tamil Nadu, with its registered office located in Kolkata. The company maintains a toll-free customer service line and continues its operations in the solar energy equipment sector.

Vikram Solar Limited has announced a significant strategic partnership through a domestic cell procurement agreement with Jupiter International Limited, marking a major expansion in its solar cell sourcing capabilities.

Strategic Partnership Details

The company entered into an agreement to procure high efficiency solar cells aggregating to 2GW of ALMM-compliant crystalline solar cells. The procurement covers two key product categories:

• High efficiency TopCon Solar Cells
• High efficiency mono PERC Solar Cells

Regulatory Compliance and Disclosure

The company disclosed this material agreement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with regulatory requirements for material agreements.

Transaction Structure

The agreement represents a pure procurement arrangement with no complex shareholding or governance structures. Key aspects of the transaction include:

Strategic Significance

This procurement agreement positions Vikram Solar to strengthen its supply chain for ALMM-compliant solar cells, which are essential for solar projects in India. The 2GW capacity represents a substantial volume that will support the company's manufacturing and project development activities.

The agreement focuses on high-efficiency solar cell technologies, including TopCon and mono PERC cells, which are among the most advanced crystalline solar cell technologies currently available in the market. This strategic sourcing arrangement will enable Vikram Solar to access quality solar cells for its operations while maintaining compliance with ALMM (Approved List of Models and Manufacturers) requirements.