Vikram Solar Limited's wholly owned subsidiary VSL Powerhive Private Ltd has launched its flagship battery brand VION on March 12, 2026, marking a significant expansion into distributed battery storage solutions for electric mobility and residential energy backup applications.

Product Portfolio and Specifications

VION introduces a comprehensive range of next-generation lithium battery storage solutions designed specifically for Indian market conditions. The initial portfolio encompasses five commercial battery products across three distinct categories, prioritizing safety, long service life, and consistent performance across frequent cycling and variable loads.

Home Power Backup Solutions

The residential battery range offers capacities from 1.2 KWH to 15 KWH designed for UPS and inverter systems, ensuring reliable power during outages. The higher capacity 5 KWH to 15 KWH packs are specifically engineered for running high power consuming appliances like air conditioners during power outages.

These advanced lithium-ion batteries deliver significant advantages over traditional alternatives:

• Up to five times lighter than conventional batteries
• Fast charging capabilities
• Up to 3000 life cycles
• Warranty coverage up to 60 months
• High efficiency up to 97%
• Maintenance-free operation
• Eco-friendly design

Integrated PowerStack Solution

The PowerStack 1.0 represents an innovative all-in-one inverter and battery solution available in 1.2 KWH configuration. This integrated system features a sleek, compact design with smart battery management system (BMS) and comes in both wall-mounted and tabletop options to accommodate various home installations without requiring additional space.

Commercial E-Mobility Applications

For the electric mobility sector, VION offers a 5 KWH E-Rickshaw battery specifically engineered for commercial three-wheelers. Built with advanced LiFePO₄ prismatic cells and AIS-156 compliant safety architecture, these batteries are designed to handle demanding daily operational cycles and come with a 36-month warranty.

Market Performance and Strategic Outlook

The company has already secured a 100 MWH BESS order, demonstrating strong early market demand and establishing meaningful progress toward winning long-term, high-capacity projects. This achievement validates the market acceptance of PowerHive's energy storage solutions.

Mr Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar Limited, emphasized the strategic importance of energy storage in India's clean energy transition, stating that VION represents an important evolution from solar manufacturing to integrated clean energy solutions provider.

Mr Arun Mittal, CEO of VSL PowerHive, highlighted the brand's focus on real-world performance, noting that VION is engineered around customer priorities including safety, consistent performance, long life, and dependable service support across home backup, solar storage, electric mobility, and small-business applications.

This launch aligns with Vikram Solar's broader strategic roadmap to build 5 GWh BESS manufacturing capacity by FY27 and 7.5 GWh battery cell manufacturing capacity by FY29, positioning the company as a comprehensive clean energy solutions provider in the rapidly evolving Indian market.

Vikram Solar Limited has successfully concluded its postal ballot process with shareholders demonstrating overwhelming support for all three proposed resolutions. The company formally notified stock exchanges on February 24, 2026, confirming the completion of the remote e-voting process that concluded on February 20, 2026.

Postal Ballot Results and Overwhelming Approval

The remote e-voting process commenced on January 22, 2026 at 9:00 a.m. IST and concluded on February 20, 2026 at 5:00 p.m. IST. All three resolutions were passed with exceptional shareholder support, demonstrating strong confidence in the proposed management changes:

Director Appointment Details

Mr. Suresh Gopinathan Menon (DIN: 09721950) was appointed as a Non-Executive Non-Independent Director effective December 1, 2025. He holds a Master of Science degree in Physics from the University of Poona and a Master of Technology degree in Computer Science from IIT Madras. After a successful 36-year executive career with Tata Consultancy Services Ltd., he superannuated in May 2022 as Senior Vice President.

Mr. Joginder Pal Dua (DIN: 02374358) was appointed as an Independent Director for a five-year term from December 1, 2025 to November 30, 2030. He holds a degree in Law from Meerut University and Masters in Economics from Punjab University. He served Oriental Bank of Commerce for over 30 years and later served as Chairman & Managing Director of Allahabad Bank.

Ms. Neha Agrawal (DIN: 05321461) was re-appointed as Whole-Time Director for three consecutive years from March 22, 2026 to March 21, 2029. She brings over 14 years of experience in solar module manufacturing and currently heads strategy and international business operations for the company.

Detailed Voting Analysis by Category

The voting results demonstrated strong participation across all shareholder categories with a total of 241,027,691 votes polled representing 66.52% of outstanding shares:

Regulatory Compliance and Scrutinizer Report

The postal ballot process was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. A. K. Labh, Practicing Company Secretary (Membership No: FCS 4848/ CP-3238) of M/s A K Labh & Co., served as the scrutinizer for the voting process and submitted his report on February 23, 2026. The company has made the voting results available on its website and stock exchange platforms as per regulatory requirements. The resolutions are deemed to have been passed on February 20, 2026, being the last date specified for the remote e-voting process.