Credit Rating- Revision

Date: 20th June 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, Subject: 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 Infomerics Valuation and Rating Limited (Infomerics) vide their report dated 19th June 2026 has revised the Company (issuer) credit rating as mentioned in the below table: Credit Instrument/ Type (Long Amount Existing Rating Revised Rating Rating Facility Term/Short (Rs. Crore) Agency Term) Fund based Long Term INR 184.73 IVR A-/Stable IVR BBB+/Stable Infomerics facilities Valuation And Rating Non-Fund Long Term INR 395.00 IVR A- IVR Limited based /Short Term /Stable/IVR BBB+/Stable/A2 (Infomerics) facilities A2+ The rating downgrade of Vikran Engineering Limited (VEL) reflects the significant equity funding requirements for it’s solar projects, concentration risk in its order book with a sizeable portion of unexecuted orders pertaining to solar projects, the importance of timely financial closure, equity infusion and project execution. The rating also factors in the company’s high working capital intensity, tender-based business model and competitive industry environment. The rating, however, continues to be supported by the company’s improved scale of operations, healthy order book providing revenue visibility, comfortable capital structure and debt protection metrics, and the extensive experience of its promoters along with its established clientele base. The rating rationale is uploaded on Infomerics Valuation And Rating Limited’s website https://www.infomerics.com/pressrelease/vikran-engineering-limited You are requested to take the above information on record. Thanking You, Yours faithfully, For Vikran Engineering Limited Kajal Rakholiya Company Secretary and Compliance Officer Membership No: ACS 45271 Place: Thane