Summary of the Company’s Response

Vikran Engineering Limited submitted a clarification to the National Stock Exchange of India Limited (NSE) on 30th June 2026, in response to a query email from NSE dated 19th June 2026 regarding the Outcome of the Board Meeting and Financial Results.

The company clarified that it had duly submitted the Outcome of the Board Meeting along with the Audited Standalone and Consolidated Financial Results for the financial year ended 31st March 2026 to the Stock Exchanges on 22nd May 2026. The Statutory Auditors, Walker Chandiok & Co LLP, had issued an Unmodified Opinion on these results. However, due to an inadvertent omission, the specific Declaration relating to this Unmodified Opinion, as required under Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was not submitted separately at that time. The company rectified this by submitting the required declaration alongside its clarification.

Details of Financial Results

The Audited Financial Results for the year ended 31st March 2026, approved by the Board on 22nd May 2026, are as follows:

Standalone Profit & Loss (Year Ended 31-Mar-2026):

  • Revenue from Operations: ₹12,493.10 Lakhs
  • Other Income: ₹169.60 Lakhs
  • Total Income: ₹12,662.70 Lakhs
  • Total Expenses: ₹11,440.30 Lakhs
  • Profit Before Tax: ₹1,210.30 Lakhs
  • Total Tax Expense: ₹293.30 Lakhs
  • Profit for the Year: ₹917.00 Lakhs
  • Other Comprehensive Income: ₹6.90 Lakhs
  • Total Comprehensive Income: ₹923.90 Lakhs
  • Basic & Diluted EPS: ₹4.05

Standalone Balance Sheet (As at 31-Mar-2026):

  • Total Assets: ₹25,035.10 Lakhs
  • Total Equity: ₹12,373.10 Lakhs
  • Total Liabilities: ₹12,662.00 Lakhs

Consolidated Profit & Loss (Year Ended 31-Mar-2026):

  • Revenue from Operations: ₹12,493.10 Lakhs
  • Profit for the Year Attributable to Owners: ₹917.00 Lakhs
  • Basic & Diluted EPS: ₹4.05

The auditors, Walker Chandiok & Co LLP, issued an unmodified opinion but included an Emphasis of Matter regarding the recoverability of trade receivables amounting to ₹292.90 Lakhs from a customer, which is subject to ongoing litigation in the Commercial Court, Jaipur. The company's management believes the amount is fully recoverable, and no adjustment has been made in the financial statements.

Other Key Outcomes from the Board Meeting (22nd May 2026):

  • Dividend: Recommended a final dividend of 18% (₹0.18 per equity share of face value ₹1 each).
  • Management Changes:
  • Re-appointed Mr. Nakul Markhedkar (DIN: 07028044) as Whole-Time Director.
  • Changed the designation of Mr. Vipul Markhedkar from Head – Business Operations to Chief Business Officer (CBO).
  • Accepted the resignation of Mr. Mukhesh Nandan Jha, Senior General Manager-Procurement, effective 20th June 2026.
  • Fundraising: Approved a proposal to raise funds up to ₹400 Crores through the issuance of secured, rated, listed/unlisted non-convertible debentures or other debt securities via private placement/public issue.
  • Borrowing Limits: Approved an enhancement of the overall borrowing limits (fund-based) from ₹1,000 Crore to ₹1,500 Crore, subject to shareholder approval.
  • IPO Proceeds: Fully utilized the net IPO proceeds of ₹67,097 Lakhs for working capital (₹54,100 Lakhs) and general corporate purposes (₹12,997 Lakhs).

Sentiment & Topic Tags

Topics: Regulatory Response, Financial Results Clarification, Earnings Announcement, Dividend Declaration, Fundraising, Management Change, Audit Opinion, Litigation Disclosure