Corrigendum to Disclosure submitted on 18th May 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Completion of Acquisition of 49% Stake in NOPL Solar Projects Private Limited
VIKRAN · price
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Vikran Engineering Limited has completed the acquisition of a 49% equity stake in NOPL Solar Projects Private Limited. The acquisition was completed on 15th May 2026 (reflected in demat on 18th May 2026) through purchase of 4900 shares at Rs. 10,000 per share. The total consideration paid was Rs. 4.90 crores in cash. This corrigendum corrects the date of the earlier Share Purchase Agreement from '27th April 2025' to '27th April 2026'. NOPL Solar is engaged in developing, operating and maintaining a 969 MW AC grid-connected solar power project under the PM-KUSUM Scheme in Maharashtra. The acquisition aligns with Vikran's strategy to expand its presence in the renewable energy sector.
The acquisition strengthens Vikran Engineering's position in the renewable energy space and provides business diversification. Shareholders may view this positively as it represents strategic expansion into solar energy projects with 969 MW capacity.