Vikran Engineering Limited — Capital/Financing Update 2025

Nov 10, 2025

==> picture [612 x 101] intentionally omitted <==

Date: 10[th] November 2025

To, The Secretary BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001. (ScripCode: Equity-544496)	To, The Secretary National Stock Exchange of India Limited Listing Department, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai –400051. (ScripSymbol:VIKRAN)

Dear Sir/Madam,

Sub.: Intimation of receipt of Letter of Award (‘LOA’) from Carbonminus Maharashtra One Private Limited (SPV) for 505 MWAC Solar Project in State of Maharashtra of Rs. 1641.91 Crores

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vikran Engineering Limited (“the Company”), we wish announce Letter of Award(LOA) accepted on 10[th] November 2025 from Carbonminus Maharashtra One Private Limited (SPV) of Rs. 1641.91 Crores for development of “505 MWAC Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra” by Maharashtra State Electricity Distribution Company Limited (MSEDCL).

Further, information as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure I.

This is for your information and records.

Thanking You.

Yours faithfully,

FOR VIKRAN ENGINEERING LIMITED

KAJAL Digitally signed by KAJAL SAGAR SAGAR RAKHOLIYA RAKHOLIYA Date: 2025.11.10 20:09:10 +05'30' ____

Kajal Rakholiya Company Secretary and Compliance Officer

Place: Thane

Encl.: as above

==> picture [612 x 106] intentionally omitted <==

==> picture [612 x 101] intentionally omitted <==

ANNEXURE -I

Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

	Sr. No.	Particulars	Details
	1	name of the entity awarding the order(s)/contract(s);	Carbonminus Maharashtra One Private Limited
	2	significant terms and conditions of order(s)/contract(s) awarded in brief;	Engineering, Procurement and Commissioning (EPC) Contract with the scope of Design, Engineering, Supply, Erection, Testing and Commissioning of 505 MW (AC) Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra
	3	whether order(s) / contract(s) have been awarded by domestic/ international	Domestic Entity
		entity;
	4	nature of order(s) / contract(s);	EPC works for development 505 MWAC
	5	whether domestic or international;	Domestic
	6	time period by which the order(s)/contract(s) is to be executed;	11 Months
	7	broad consideration or size of the order(s)/contract(s);	INR 16,41.91 Crores plus applicable GST
	8	whether the promoter/ promoter group / group companies have any interest in	No
		the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;
	9	whether the order(s)/contract(s) would fall within related party transactions? If	No
		yes, whether the same is done at “arm’s length”.