NSEBagging/Receiving of orders/contracts28 Sept 2026 · 28 Sept 2026, 03:54 pm

Bagging/Receiving of orders/contracts

Vikram Solar Limited · VIKRAMSOLR

✦ AI Summary▲ PositiveOrder Win

Vikram Solar Limited has secured a 400 MW module supply order from a leading EPC player for decentralised solar projects in Maharashtra, strengthening its presence in India's agricultural-feeder solarisation segment.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10

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Vikram Solar Limited has informed the Exchange about Bagging/Receiving of orders/contracts for 400 MW of high efficiency solar modules

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VSLCS_28092026155441_VSLREG30INTIMATION28092026.pdf

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September 28, 2026 VSL/CS/387/2026 dated 28.09.2026 BSE Ltd. National Stock Exchange of Indiaa Ltd. Department of Corporate Services Listing Department P. J. Towers, Dalal Street, Mumbai 400 001. Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051 (Scrip Code: Equity - 544488) (Symbol: VIKRAMSOLR, Series EQ) Dear Sir/ Madam, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and - Press Release on Order Win of 400 MW of high-efficiency solar modules Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release on major order win of 400 MW of high-efficiency N-Type TOPCon G12R modules from a renowned customer which is a leading EPC Company in India. We enclose herewith the details required under Para B of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as Annexure A to this letter. We request you to kindly take the aforesaid information on record. Thanking You, For and on behalf of VIKRAM SOLAR LIMITED SUDIPTA BHOWAL Company Secretary & Compliance Officer Encl. As Above Vikram Solar Secures 400 MW Module Supply Order for Agri-Solar Projects in Maharashtra Kolkata, September — Vikram Solar, one of India’s leading solar PV module manufacturers, has secured a 400 MW module supply order from a highly reputed EPC player for a portfolio of decentralised solar projects being developed across multiple locations in Maharashtra. The order further strengthens Vikram Solar’s presence in India’s rapidly expanding agricultural-feeder solarisation segment, which is playing an increasingly important role in the country’s transition towards decentralised and reliable renewable energy infrastructure. Under the agreement, Vikram Solar will supply its high-efficiency N-Type TOPCon G12R modules, featuring glass-to-glass, bifacial technology and half-cut cells, with a power output of 620 Wp. Supplies are scheduled to commence in October 2026. As India continues to accelerate the deployment of solar power, decentralised renewable energy projects are emerging as an important component of the country’s clean energy transition, enabling power generation closer to consumption centres and supporting greater grid resilience. Agricultural feeder solarisation, in particular, is expected to play a critical role in improving energy access for farmers while contributing to India's broader renewable energy and energy-security objectives. Mr. Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said, “Programmes like MSKVY 2.0 represent an important evolution in India’s clean energy journey, bringing the benefits of solar power closer to farmers and agricultural communities. Supplying modules for projects of this scale across Maharashtra reflects the confidence placed in Vikram Solar’s advanced G12R TOPCon technology and our ability to support large, geographically distributed solar deployments. As India continues to expand its renewable energy infrastructure, we remain committed to delivering high- performance solar solutions that support energy security, strengthen domestic manufacturing and contribute meaningfully to the country’s clean energy ambitions.” For Vikram Solar, the order reflects the company’s growing ability to serve large-scale and geographically distributed solar programmes, supported by its expanding manufacturing footprint and advanced technology portfolio. About Vikram Solar Limited: Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India. Vikram Solar is a 9th time ‘Top Performer’ in PVEL’s PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 10 consecutive quarters. Vikram Solar Limited has established a pan- India presence through an extensive distributor network of 119 authorized distributors and more than 750+ dealers. For further information, please contact: Srabani Sen | Vikram Solar | Mobile: +91 7349661300 | Email: press@vikramsolar.com Annexure A Disclosure as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sl. No. Particulars Responses Name of the entity awarding the order(s)/contract(s) A renowned customer which is a leading EPC Company in India. Significant terms and conditions of order(s)/contract(s) awarded Supply of high-efficiency N-Type in brief TOPCon G12R modules Whether order(s) / contract(s) have been awarded by domestic/ Domestic international entity 4. Nature of order(s) / contract(s) One time 5. Time period by which the order(s)/contract(s) is to be executed By March 2027 6. Broad consideration or size of the order(s)/contract(s) 400 MW Whether the promoter/ promoter group / group companies have No 7. any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof Whether the order(s)/contract(s) would fall within related party No