Vikran Engineering Limited — Capital/Financing Update 2026

Apr 8, 2026

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Date: 8[th] April 2026

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

Dear Sir/Madam,

Sub.: Intimation of updation in Credit Rating of the Company

Pursuant to Regulation 30 read with Clause 3 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that India Ratings and Research Private Limited vide their report dated 07[th] April 2026 has reaffirmed the Company (issuer) credit rating as A- with Outlook changed from Stable to Negative as mentioned in the below table:

Credit Rating Agency	Type of credit rating	Amount (Rs. Crore)	Existing Rating	Assigned/Revised Rating
India Ratings and Research Private Limited)	Non- convertible debentures	INR 500 (reduced from INR 900)	IND A-/Stable	IND A-/Negative
	Bank loan facilities	INR 4,700	IND A-/ Stable / IND A2+	IND A-/ Negative /IND A2+

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The rating rationale is uploaded on India Ratings and Research Private Limited’s website India Ratings and Research: Credit Rating and Research Agency India

This is for your information and records.

Thanking You.

Yours faithfully,

FOR VIKRAN ENGINEERING LIMITED

KAJAL Digitally signed by KAJAL SAGAR SAGAR RAKHOLIYA Date: 2026.04.08 RAKHOLIYA 17:47:51 +05'30'

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Kajal Rakholiya Company Secretary and Compliance Officer Memb. No. A45271

Place: Thane

Encl.: as above

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