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Latest news about Vikram Solar

Vikram Solar secures 187 MW module order for Karnataka, Tamil Nadu projects 6 days ago

Vikram Solar has won a 187 MW module order for solar projects. The projects are located across Karnataka and Tamil Nadu. The order is for the supply of solar modules to utility-scale projects in southern India.

Vikram Solar accepts Rony Banerjee resignation, appoints Nimish Jain as CBO Sep 29, 2026

Vikram Solar secures 400 MW N-Type TopCon order for agri-solar projects Sep 29, 2026

Vikram Solar secures 400 MW module order from leading EPC firm Sep 28, 2026

Vikram Solar to host investor meet on Sep 22 in Mumbai Sep 17, 2026

More news about Vikram Solar

Vikram Solar finalizes USD 50,000 acquisition of Australian entity

Vikram Solar acquired 100% stake in Australian entity for USD 50,000. Deal finalized on August 26, 2026, marking entry into Australian market. Target entity incorporated in March 2026 but has not commenced operations. Transaction involves cash consideration for 67,683 equity shares.

Vikram Solar uploads Q1FY27 earnings call audio for investors

Vikram Solar Limited has released the audio recording of its Q1FY27 earnings conference call, which took place on August 07, 2026. The call featured senior management discussing the quarter's financial results and operational highlights. The recording is now available on the company's website for investor review.

Vikram Solar Q1FY27 net profit falls 86% as input costs squeeze margins

Vikram Solar's Q1FY27 standalone net profit fell 86% to ₹187.27 million as material costs surged, compressing EBITDA margin to 8.13%. Revenue grew 35% to ₹15,360.30 million. The company approved a ₹5,589 crore capacity expansion to 9 GW in Tamil Nadu.

Vikram Solar shareholders approve board reshuffle, investment powers

Vikram Solar Limited concluded its 21st AGM on August 4, 2026, with shareholders approving critical board appointments including CMD Gyanesh Chaudhary and CEO Sameer Nagpal. The meeting also authorized significant financial flexibilities under Section 186 of the Companies Act, 2013, with all resolutions passing overwhelmingly.

Vikram Solar AGM notice published in newspapers

Vikram Solar Limited has published the post-dispatch notice for its 21st Annual General Meeting (AGM) in newspapers on July 11, 2026. The AGM is scheduled for August 4, 2026, via video conferencing to approve the appointment of key directors, including Mr. Sameer Nagpal and Mr. Gyanesh Chaudhary, and financial resolutions such as investments up to ₹15,000 crore. The company has fixed July 28, 2026, as the cut-off date for voting eligibility, with remote e-voting available from July 31 to August 3, 2026.

Vikram Solar Limited Submits Annual Report for FY 2025-26: Strong Financial Growth, IPO Milestone and Capacity Expansion

Vikram Solar Limited submitted its FY 2025-26 Annual Report on July 10, 2026, reporting consolidated total income of ₹48,607.78 million and profit after tax of ₹4,704.21 million, reflecting year-on-year growth of 40.50% and 236.42% respectively. The company completed its IPO in August 2025, listing on NSE and BSE, and commissioned its 5 GW Vallam facility to take total module capacity to 9.5 GW. The order book stood at 8.2 GW as on March 31, 2026, with module sales of 3,342 MW during the year. No dividend was recommended for FY26, with profits to be reinvested in support of the company's capacity expansion and backward integration roadmap.

Vikram Solar Signs 130 MW Solar Cell Supply Agreement with Evervolt Solar Technology India

Vikram Solar has signed a Solar Cell Supply Agreement with Evervolt Solar Technology India Private Limited to procure 130 MW of Mono-PERC 10BB DCR-compliant solar cells between July 2026 and March 2027. The deal, disclosed under SEBI Listing Regulations, supports Vikram Solar's domestic module manufacturing and involves no related party transactions or special rights.

Vikram Solar commissions Gangaikondan mega-facility in Tamil Nadu

Vikram Solar has commissioned its new 6 lakh sq. ft. manufacturing mega-facility at Gangaikondan, Tamil Nadu, producing its first Hypersol N-Type TOPCon G12R modules. The smart factory targets 9 GW of solar cell capacity by FY27 and 12 GW of wafer and ingot capacity by FY29-30.

NCLAT sets aside NCLT order admitting IBC plea against Vikram Solar

Vikram Solar secured a legal victory as the NCLAT set aside the NCLT order dated June 12, 2026, that admitted an insolvency plea by Isitva Steel Private Limited. The tribunal ruled the claim was below the ₹1 crore threshold and ordered the refund of ₹91.98 lakh deposited by the company. The resolution removes immediate threats to the company's financial reputation.

Vikram Solar to host investor meet on June 23, 2026

Vikram Solar Limited will host an analysts and institutional investors meeting on June 23, 2026, at 09:00 AM IST at St. Regis, Mumbai. The GIA Promoter's Conference 2026 will only share public domain information, with no unpublished price sensitive details disclosed. The schedule is subject to change due to exigencies.

Vikram Solar promoters confirm zero encumbrance on shares as of March 31, 2026

Vikram Capital Management Private Limited disclosed on April 07, 2026, that no new encumbrance was placed on shares of Vikram Solar Limited as of March 31, 2026. The filing, submitted under Regulation 31(4) of the SEBI (SAST) Regulations, 2011, confirms that all existing encumbrances were previously disclosed. The declaration was made on behalf of 84 promoter and promoter group entities.

Nilam Chaudhary pledges 30 lakh Vikram Solar shares

Nilam Chaudhary pledged 30 lakh Vikram Solar shares, representing 0.83% of equity, to JIO Credit Limited for finance. Total promoter holding is 63.01%, with total encumbered shares at 5.00%.

Vikram Solar FY26 Net Profit Triples, Approves ₹3,726 Cr Capex

Vikram Solar reported a robust financial performance for FY26, with consolidated net profit surging to ₹4,704.21 million and total income reaching ₹48,607.78 million. The board approved a major capital expenditure of ₹3,726 crore to establish a 6 GW backward-integrated wafer and ingot facility in Tamil Nadu, targeting commissioning by April 2028. Additionally, the company announced key management appointments, including Mr. Sameer Nagpal as the new CEO.

Vikram Solar Files Monitoring Agency Report for Q4FY26; No Deviation from IPO Objects

Vikram Solar Limited filed the Q4FY26 Monitoring Agency Report, confirming no deviation from IPO objects. India Ratings reported the utilization of INR 5,309.18 Million, with unutilized funds of INR 9,690.82 Million parked in fixed deposits. The company revised timelines for Phase-I and Phase-II project commercial production.

Vikram Solar Limited Submits SEBI Compliance Certificate for Q4FY26

Vikram Solar Limited filed its mandatory SEBI compliance certificate for Q4FY26 on April 14, 2026, confirming adherence to dematerialization requirements under Regulation 74(5). The certificate was issued by registrar MUFG Intime India Private Limited and submitted to both BSE and NSE, demonstrating the company's continued regulatory compliance as a publicly listed entity.

Vikram Solar Unveils Comprehensive Expansion Strategy at March 2026 Analyst Meet

Vikram Solar Limited presented its strategic expansion roadmap at an analyst meeting on March 24, 2026, outlining plans for 70% backward integration by FY27 through 9 GW cell capacity and 90% integration via 3 GW XBC cell plant by FY28. The company reported strong performance with 10.6 GW order book, 154% EBITDA growth in 9M FY26, and expansion from 41 to 102 distribution outlets. Key initiatives include 15 GWh BESS capacity by FY30 and export market expansion targeting US, Europe, and APAC regions with compliant supply chains.

Vikram Solar EVP Anil Bhadauria Resigns to Pursue Personal Priorities

Vikram Solar Limited disclosed that Executive Vice President & Head of Manufacturing Operations Anil Bhadauria resigned to pursue personal priorities and family engagements. The resignation, submitted on March 3, 2026, becomes effective May 31, 2026. The company provided detailed documentation to stock exchanges following regulatory requirements under SEBI (LODR) Regulations, with Bhadauria committing to ensure smooth transition of manufacturing operations responsibilities.

Vikram Solar Appoints Sameer Nagpal as CEO, Targets 15.5 GW Manufacturing Capacity

Vikram Solar Limited announced Sameer Nagpal's appointment as CEO, bringing over 30 years of leadership experience to drive the company's strategic expansion. The company outlined ambitious growth targets including 15.5 GW module manufacturing capacity and expansion into energy storage solutions, while Krishna Kumar Maskara transitions from Interim CEO to COO role.

Vikram Solar Limited Schedules Analyst Meet for March 24, 2026 at Jio Convention Centre

Vikram Solar Limited has scheduled an analyst meet for March 24, 2026, at Jio Convention Centre, BKC, starting from 10:00 AM onwards. The company informed stock exchanges under SEBI Regulation 30 compliance, emphasizing that discussions will be based solely on publicly available financial and operational information with no unpublished price sensitive information to be disclosed.

Vikram Solar Subsidiary Launches VION Lithium-ion Battery Brand for E-Mobility and Home Backup Solutions

VSL Powerhive Private Ltd, Vikram Solar's wholly owned subsidiary, launched flagship brand VION on March 12, 2026, featuring lithium-ion batteries for e-mobility and home backup. The portfolio includes inverter batteries (1.2-15 KWH), integrated PowerStack 1.0 solutions (1.2 KWH), and e-rickshaw batteries (5 KWH) with up to 3000 life cycles and 97% efficiency. The company secured a 100 MWH BESS order, supporting Vikram Solar's strategy to build 5 GWh BESS capacity by FY27 and 7.5 GWh battery cell capacity by FY29.

Vikram Solar Completes Postal Ballot with Overwhelming Shareholder Support

Vikram Solar Limited concluded its postal ballot process with overwhelming shareholder support for three key resolutions. The remote e-voting process saw exceptional approval rates of 99.89% to 99.99% for director appointments and re-appointments, with total participation of 241,027,691 votes representing 66.52% of outstanding shares across all categories.

Vikram Solar Responds to BSE Query on Increased Trading Volume

Vikram Solar Limited clarified to BSE on February 23, 2026, that it has no undisclosed material information regarding increased trading volume in its shares. The company confirmed full compliance with SEBI regulations and stated it is unaware of any pending announcements that could impact stock price or volume behavior.

Vikram Solar Forms Deal With Jupiter International To Secure 2GW Of High-Efficiency Solar Cells

Vikram Solar Limited has entered into a significant strategic partnership with Jupiter International Limited for procuring 2GW of ALMM-compliant crystalline solar cells valued at approximately ₹2000 crores. The agreement covers high-efficiency TopCon and mono PERC solar cell technologies, positioning the company to strengthen its supply chain for essential solar project components in India while maintaining regulatory compliance.

Vikram Solar Promoters Release Pledge on 9.49 Crore Shares Worth ₹949.61 Lakh

Vikram Solar Limited's promoters released pledge on 9,49,60,893 equity shares on February 19, 2026, involving Vikram Capital Management Private Limited (2,18,74,803 shares, 6.04%) and Gyanesh Chaudhary Family Trust (7,30,86,090 shares, 20.17%). The release was executed through Indian Bank consortium, making the entire primary promoter shareholding free from encumbrance while maintaining regulatory compliance under SEBI regulations.

Vikram Solar Renews ₹3,200 Crore Working Capital Facility, Releases Promoter Pledge

Vikram Solar has successfully renewed and enhanced its working capital facilities to ₹3,200 crores through a consortium led by Indian Bank, involving nine major financial institutions. The agreement facilitates the complete release of 9,49,60,893 promoter-pledged shares representing 26.21% of equity capital, while maintaining operational financing with current outstanding of ₹2,648.54 crores.

Vikram Solar Limited Issues Postal Ballot Notice for Director Appointments with E-Voting Period

Vikram Solar Limited has issued a postal ballot notice for three director appointments, with e-voting scheduled from January 22-February 20, 2026. The proposals include appointing Mr. Suresh Gopinathan Menon as Non-Executive Director, Mr. Joginder Pal Dua as Independent Director, and re-appointing Ms. Neha Agrawal as Whole-Time Director with ₹64.28 lakhs annual salary.

Prabhudas Lilladher Maintains Buy Rating on Vikram Solar with ₹326 Target Price

Prabhudas Lilladher maintains buy rating on Vikram Solar with ₹326 target price, citing strong module sales growth of 35% in Q3FY26 and 97% in 9MFY26. The company commissioned its 5GW module plant in Vallam, taking total capacity to 9.5GW, and plans to expand to 15.5GW modules by Q1FY27 and 12GW cells by Q4FY27. Board approved ₹44 billion capex for BESS targeting 5GWh by FY27, with projected revenue/EBITDA/PAT CAGR of 69.9%/66.9%/19.0% over FY26-28E.

Vikram Solar Announces ₹10,700 Crore Investment Plan for Manufacturing Expansion

Vikram Solar has announced a major ₹10,700 crore investment plan over 24-30 months, with ₹6,400 crores allocated for modules and cells manufacturing and ₹4,300 crores for battery production. The company requires ₹2,400 crores from internal funds to support this comprehensive expansion strategy aimed at strengthening its renewable energy manufacturing capabilities.

Vikram Solar Targets 18-20% EBITDA Margins as Gangakondan Facility Progresses Toward FY27 Commissioning

Vikram Solar has set ambitious targets for its non-DCR business segment, expecting steady EBITDA margins of 18% to 20%. The company is making positive progress at its Gangakondan manufacturing facility, where a 6 GW module facility is scheduled for commissioning in Q1 FY27. Additionally, the 12 GW cell manufacturing plant at the same site is targeting production of its first cell by December 2026, representing a significant milestone in the company's expansion strategy.

Vikram Solar Submits Q3 FY26 Monitoring Agency Report for IPO Proceeds Utilization

Vikram Solar Limited submitted its Q3 FY26 monitoring agency report showing ₹2,952.15 crores utilized from its ₹15,000.00 crores IPO proceeds, with ₹12,047.85 crores remaining unutilized. The funds are primarily allocated for establishing integrated solar manufacturing facilities in Tamil Nadu through subsidiary VSL Green Power Private Limited, with both Phase-I and Phase-II projects progressing as planned for fiscal 2026 completion.

Vikram Solar Q3FY26 Results: Net Profit Surges 361% to ₹964.35 Crores on Strong Revenue Growth

Vikram Solar Limited reported exceptional Q3FY26 results with net profit surging 361% to ₹964.35 crores and revenue growing 7.7% to ₹11,057.70 crores. Nine-month performance was even stronger with net profit increasing 538% to ₹3,590.84 crores on revenue growth of 50.1%. The board approved key leadership appointments and the company continues systematic deployment of IPO proceeds for expansion projects.

Vikram Solar Announces Strategic Transition to Fully G12R-Based High-Efficiency Module Portfolio

Vikram Solar Limited announced on January 16, 2026, a strategic transition to a fully G12R-based module portfolio, centered around the HYPERSOL G12R series with up to 640 Wp power output and 23.69% efficiency. With 9.5 GW manufacturing capacity across facilities in West Bengal and Tamil Nadu, the company positions itself as one of India's largest solar manufacturers. The transition reflects a shift toward standardization on high-efficiency technology platforms while maintaining global market presence across 39 countries.

Vikram Solar Transitions to High-Efficiency G12R Modules and Expands Manufacturing Capacity to 9.5 GW

Vikram Solar has announced its transition to high-efficiency G12R solar modules alongside a major expansion of manufacturing capacity to 9.5 GW. This strategic move demonstrates the company's commitment to technological innovation and performance leadership in the solar manufacturing sector. The upgrade to G12R modules offers superior efficiency and enhanced performance capabilities, while the capacity expansion positions Vikram Solar to meet growing market demand and strengthen its competitive position in the solar energy industry.

Vikram Solar Limited Schedules Q3FY26 Earnings Conference Call for January 20, 2026

Vikram Solar Limited has scheduled an earnings conference call for January 20, 2026, at 5:00 PM IST to discuss Q3FY26 unaudited financial results for the quarter ended December 31, 2025. The call will feature Chairman & MD Mr. Gyanesh Chaudhary, CFO Mr. Ranjan Jindal, and IR head Ms. Rinal Shah, with dial-in access provided for multiple countries and coordination by Strategic Growth Advisors Pvt. Ltd.

Vikram Solar announces senior management transition with new HR leadership appointment

Vikram Solar Limited announced senior management changes with Mr. Arindam Chakraborty resigning as Senior VP & Head of Global HR effective March 31, 2026, citing personal priorities. The company appointed Mr. Biresh Ranjan Das as new Senior VP – Human Resources, bringing over two decades of cross-industry experience. Das will lead people strategy, organizational development, and talent pipeline strengthening to support the company's growth in the clean energy sector.

Vikram Solar Receives Credit Rating Upgrade from India Ratings on ₹2,700 Crore Facilities

Vikram Solar Limited has received a credit rating upgrade from India Ratings for its bank facilities worth ₹2,700 crores. The long-term bank facilities have been upgraded to 'IND A Stable', while the short-term facilities maintain an 'IND A1' rating. This upgrade covers both long-term and short-term bank facilities, reflecting an improvement in the company's creditworthiness. The company has disclosed this information to BSE and NSE in compliance with SEBI regulations.

Vikram Solar Approves ₹4,371 Crore Capex For Phase 1 Of BESS Roadmap Via VSL Powerhive

Vikram Solar has received board approval for a ₹4,371.00 crore capital expenditure to launch the first phase of its Battery Energy Storage System roadmap through subsidiary VSL Powerhive. This strategic investment represents the company's expansion beyond traditional solar operations into energy storage solutions, positioning it as a comprehensive renewable energy provider in India's growing energy storage market.

Vikram Solar Grants 17.22 Lakh Employee Stock Options Under ESOP 2021 Plan

Vikram Solar Limited has approved the grant of 17,22,000 employee stock options under its Employee Stock Option Plan 2021. The options, priced at ₹210.69 per share, are available to eligible employees of the company and its group associate companies. The plan includes a minimum vesting period of 1 year and a maximum exercise period of 60 months from the vesting date. This move aligns with the company's strategy to attract and retain talent by offering participation in its growth.

Vikram Solar Unveils High-Efficiency 'Hypersol Pro' Solar Panel at Renewable Energy India Expo 2025

Vikram Solar has introduced its latest solar technology innovation, the 'Hypersol Pro' solar panel, at the Renewable Energy India Expo 2025. The panel boasts an impressive efficiency of up to 23.69%, with no reverse power loss, and is suitable for various installation types. This high-efficiency panel could potentially reshape the solar energy landscape and contribute to India's renewable energy goals.

Vikram Solar Secures 148.9 MW Module Order, Boosting India's Clean Energy Drive

Vikram Solar Limited has received an order for 148.9 MW of high-efficiency solar modules from Sunsure Energy Private Limited. The order includes M10R N-Type TOPCon modules rated at 595 Wp, to be deployed in Maharashtra and Uttar Pradesh. Delivery is expected within 60 days from the Notice to Proceed, likely by January 2026. This project aligns with India's target of 500 GW non-fossil fuel capacity by 2030. Vikram Solar, with a 4.5 GW production capacity, has been securing significant orders in the Indian solar market. Sunsure Energy, backed by Partners Group AG, aims to reach 10 GW capacity by 2030.

Vikram Solar Sets Ambitious Production Targets for FY27

Vikram Solar, a leading Indian solar module manufacturer, has announced ambitious production targets for fiscal year 2027. The company aims to expand its module manufacturing capacity to 17.5 GW and cell production to 12 GW, up from its current 4.5 GW module capacity. This strategic expansion aligns with India's renewable energy push and domestic manufacturing emphasis in the solar sector. Vikram Solar, present in 39 countries and recognized as a Tier-1 solar PV module manufacturer by Bloomberg NEF, recently reported strong Q2 FY26 financial results with significant growth in revenue, EBITDA, and PAT.

Vikram Solar Reports Strong Q2 Results, Appoints New Directors

Vikram Solar Limited announced robust financial results for Q2 and H1 FY2026, with Q2 revenue at ₹11,090.06 crore and Profit After Tax at ₹1,282.35 crore. The company completed its IPO, raising ₹1,500.00 crore, with shares listed on NSE and BSE on August 26, 2025. Two new board appointments were made: Mr. Suresh Gopinathan Menon as Additional Non-executive Non-Independent Director and Mr. Joginder Pal Dua as Additional Independent Director, effective December 1, 2025. The company also restructured its committees and continues to address legal matters involving safeguard duty payments and disputed trade receivables.

Vikram Solar Impacted as DGTR Imposes Anti-Dumping Duties on Chinese Solar Cell Imports

The Directorate General of Trade Remedies (DGTR) in India has imposed anti-dumping duties on solar cell imports from China. This decision aims to protect domestic manufacturers, including Vikram Solar, from below-cost imports. The move is expected to boost domestic manufacturing, potentially increase prices in the solar panel market, and shift supply chain dynamics. While beneficial for Indian solar cell manufacturers, the long-term impact on India's solar energy goals remains to be seen.

Vikram Solar Promoters Pledge 26.25% Stake for Working Capital Financing

Vikram Solar's promoters have pledged 9,49,60,893 equity shares (26.25% of post-IPO share capital) to secure a Rs. 2,600 crore working capital facility from a 14-bank consortium. This re-pledge follows a temporary release for IPO compliance. The company plans to expand module production capacity from 4.5 GW to 17.5 GW and enter solar cell manufacturing with 12 GW capacity by FY27. Q1 results show strong growth with revenue up 79.7% YoY to Rs. 1,134 crore and PAT increasing from Rs. 22.80 crore to Rs. 133 crore.

Vikram Solar Reports 5x Jump in Q1 PAT, Plans Massive Capacity Expansion

Vikram Solar reported strong Q1 financial results with revenue up 79.7% to ₹1,134.00 crores and PAT increasing fivefold to ₹133.00 crores. The company produced over 750 megawatts of modules, achieving 67% capacity utilization. With a robust order book of 10.96 gigawatts, Vikram Solar announced expansion plans to increase module manufacturing capacity from 4.5 to 17.5 gigawatts, establish 12 gigawatts of solar cell manufacturing, and venture into battery energy storage systems. The company is investing in advanced technologies like TOPCon and exploring next-generation options. Expansion will be funded through IPO proceeds, debt, and internal accruals.

Vikram Solar Secures 200 MW Module Supply Deal, Seeks Shareholder Approval for ESOP Plan

Vikram Solar has secured a 200 MW solar module order worth Rs. 273 crores from AB Energia Solutions for projects in Maharashtra, Madhya Pradesh, and Gujarat. The supply will begin in September 2025. Additionally, the company is seeking shareholder approval for its ESOP 2021 plan, which allocates 1,30,00,000 equity shares (5.02% of diluted equity) to employees, with vesting periods ranging from 1 to 5 years.

Vikram Solar Secures Rs. 273 Crore Order for 200 MW High-Efficiency Solar Modules

Vikram Solar Limited has received an order worth Rs. 273 crores from AB Energia Solutions Private Limited for 200 MW of high-efficiency solar modules. The order includes M10R N-Type TOPCon modules with efficiency ratings of 590 Wp and above, to be delivered between September 2025 and March 2026. The modules will be deployed across Maharashtra, Madhya Pradesh, and Gujarat for commercial and industrial solar projects. This order strengthens the partnership between Vikram Solar and AB Energia, highlighting their commitment to India's clean energy transition.

Vikram Solar Aims for 16-18% EBITDA Margins, Boasts Strong Order Book

Vikram Solar aims to maintain EBITDA margins of 16-18% for FY26 and beyond. The company has a strong order book of 10+ gigawatts and a market pipeline of 30-35 gigawatts. Expansion plans include increasing module manufacturing capacity and integrating up to 12 gigawatts of solar cell manufacturing. Funding for expansion will come from IPO proceeds, debt, and internal accruals.

Vikram Solar's Q1 Profit Soars 484% as Revenue Surges 80%

Vikram Solar Limited achieved remarkable financial results in Q1, with revenue surging 79.7% to ₹1,133.60 crore and net profit jumping 484% to ₹133.40 crore. EBITDA grew by 117.3% to ₹242.20 crore, with margins expanding to 21.4%. The company maintains a robust order book of 10.96 GW and secured significant new orders. Vikram Solar received industry recognition for product quality and sustainability efforts. Management expressed confidence in sustaining growth momentum, supported by expansion plans and favorable industry trends.

Vikram Solar Unveils Ambitious Growth Strategy with 4x Capacity Expansion and Strong Q1 Performance

Vikram Solar reported impressive Q1 results with revenue up 79.7% to ₹1,133.60 crore and PAT increasing 483.9% to ₹133.40 crore. The company plans a four-fold capacity expansion and backward integration into solar cell production, supported by a 10.96 GW order pipeline. Key orders include 250 MW from Bondada Group, 326 MW from GIPCL, and 336 MW from L&T. The company has received industry recognition and is optimistic about growth prospects due to favorable government policies and industry trends.

Vikram Solar Reports Strong Q1 Results, Completes IPO

Vikram Solar Limited announced robust Q1 financial results with revenue from operations at ₹11,351.60 crore and profit after tax at ₹1,344.15 crore. The company completed its IPO, issuing 62,631,604 shares at ₹332 per share, raising a total of ₹20,793.69 crore. The firm appointed Ernst & Young LLP as internal auditor and approved a postal ballot for the Employee Stock Option Plan 2021. Two significant legal matters are ongoing: a case regarding ₹148.52 crore in safeguard duty payments and disputed trade receivables of ₹843.88 crore under arbitration.

VSL Ventures Pledges 15.1 Million Vikram Solar Shares as Loan Collateral

VSL Ventures Private Limited, a promoter group entity of Vikram Solar Limited, has pledged 15,099,750 shares, representing 4.17% of the company's total share capital. The pledge was made to VISTRA ITCL (INDIA) LIMITED on August 29, 2025, as collateral for a loan. This significant transaction was disclosed on September 5, 2025, in compliance with SEBI regulations.

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