Intimation of Incorporation of Wholly Owned Subsidiary under Section 8 of the Companies Act, 2013 -VIKRAN For Good Foundation
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Vikran Engineering Limited has incorporated a new wholly owned subsidiary called 'VIKRAN For Good Foundation' (VGF) under Section 8 of the Companies Act, 2013. The foundation was established on 4th May 2026 with an authorised capital of Rs 5,00,000 and paid-up capital of Rs 1,00,000. The company subscribed to 100% of the equity shares in cash. VGF is set up to undertake charitable activities including social welfare, education, healthcare, environmental sustainability, and community development initiatives aligned with the company's CSR objectives. The foundation is yet to commence business operations and has no prior turnover history.
This is a routine corporate announcement about establishing a CSR subsidiary and does not directly impact the company's financial performance or stock price. It is a compliance-related disclosure for listed companies.