Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulation 30

Date of Board Meeting / Approval: Wednesday, 30th September 2026

Meeting Timing: Commenced at 11:23 A.M. and concluded at 11:36 A.M.

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights:

Standalone Results: Not Specified

Consolidated Results: Not Specified

Corporate Actions:

1. Corporate Guarantee Approval: The Board approved the issuance of a Corporate Guarantee aggregating up to ₹2941,19,00,000/- (Indian Rupees Two Thousand Nine Hundred Forty-One Crore and Nineteen Lakhs only) to its Wholly-Owned Subsidiary. This guarantee is to facilitate the subsidiary's availing of credit facilities from banks, financial institutions, or other lenders for the development and implementation of their respective business operations and solar projects.

  • The transaction is with a related party (Wholly-Owned Subsidiary) and is proposed to be undertaken on an arm's length basis.
  • The detailed terms and conditions, including lender(s), amount of guarantee, tenure, and other commercial terms, are yet to be finalized.
  • This corporate guarantee constitutes a contingent liability for Vikran Engineering Limited, with impact limited to the guaranteed amount if the subsidiary fails to meet repayment obligations.

2. Promoter Contribution Infusion: The Board approved the infusion of additional promoter contribution of up to ₹200 Crores (in one or more tranches) into the Wholly-Owned Subsidiary.

  • Purpose: To meet promoter contribution requirements under respective project financing arrangements and for the business requirements of the subsidiary.
  • Instrument Types: May be infused by way of subscription to equity share capital, unsecured loans, Non-Convertible Debentures (NCDs), Optionally Convertible Debentures (OCDs), quasi equity, or any other permissible instruments (or any combination thereof).
  • The specific instruments will be determined based on financing arrangements and business requirements of the respective subsidiary.

Other Significant Information:

Company Information:

  • Tel.: 022-68693200