Intimation of Incorporation of a Wholly Owned Subsidiary-Vikran Renewable Private Limited
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Vikran Engineering Limited has incorporated a new wholly owned subsidiary, Vikran Renewable Private Limited (VRPL), effective 4th May 2026. The subsidiary was set up with an authorised capital of Rs 15,00,000 and paid-up capital of Rs 1,00,000 (10,000 equity shares at Rs 10 each). The parent company has subscribed to 100% of the shares in cash. VRPL will focus on integrated renewable energy projects including solar power generation, power storage, and related infrastructure activities. The promoters, Mr. Nakul Markhedkar and Mr. Vipul Rakesh Markhedkar, also serve as directors in VRPL. The transaction is stated to be at arm's length.
This move signals Vikran Engineering's strategic expansion into the renewable energy sector. For shareholders, it represents diversification into a high-growth area, though VRPL has yet to commence operations and has no revenue currently.