Corrigendum to disclosure submitted on 18th May 2026-Completion of acquisition of 49% stake in NOPL Projects Private Limited
VIKRAN · price
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Vikran Engineering has completed acquisition of 49% equity stake (4,900 shares) in NOPL Solar Projects Private Limited for Rs. 4.90 Crores in cash (Rs. 10,000 per share). The acquisition was completed on 15th May 2026 and reflects in the demat account on 18th May 2026. This corrigendum corrects the date of the original Share Purchase Agreement from '27th April 2025' to '27th April 2026'. NOPL Solar Projects is engaged in development and maintenance of a 969 MW grid-connected solar power project in Maharashtra under the PM-KUSUM Scheme. The transaction is not a related party transaction.
The acquisition aligns with Vikran Engineering's strategy to expand into renewable energy and diversify its business into solar power generation. Shareholders may view this positively as it represents entry into a 969 MW operational solar project.