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 Ltd has incorporated a new wholly-owned subsidiary named 'VIKRAN FOR GOOD FOUNDATION' as a Section 8 company under the Companies Act, 2013. The foundation was incorporated on 4th May 2026 with an authorised capital of Rs 5,00,000 and paid-up capital of Rs 1,00,000 (10,000 equity shares of Rs 10 each). The company subscribed to 100% of the paid-up capital in cash. The foundation 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. Promoters Mr. Nakul Markhedkar and Mr. Vipul Rakesh Markhedkar also serve as directors in the foundation. The transaction has been executed at arm's length. VGF is yet to commence business operations.
This is a routine CSR-related disclosure with no direct financial impact on the company's earnings or operations. Setting up a dedicated CSR entity may improve governance of social initiatives but has neutral to slightly positive sentiment for ESG-conscious investors.