NSEGeneral Updates3d ago · 6 Nov 2026, 10:26 pm
General Updates
Vikran Engineering Limited · VIKRAN
✦ AI Summary▼ NegativeRegulatory
Vikran Engineering Limited received an administrative warning from SEBI for non-compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warning is related to the non-disclosure of a material dispute with GS Products India, which involves a claim of approximately ₹12.50 crore. The Company is currently examining the observations and will undertake appropriate corrective measures.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment2/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Attachments (1)
📄pdf
Download →
VIKRAN123_06112026222638_Intimation_of_Warning_Letter_-_SEBI.pdf
View document text
VIKRAN ENGINEERING LIMITED
Date: 06" November, 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 under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
In continuation to our disclosure dated 05t November 2026 wherein we had published the
warning letter issued by SEBI, please find herewith the disclosure under Regulation 30 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
The details as required under the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762 /2026
dated January 30, 2026 as amended from time to time, are enclosed. (Annexure I)
This is for your information and records.
Thanking You.
Yours faithfully,
FOR VIKRAN ENGINEERING LIMITED
Kajal Rakholiya
Company Secretary and Compliance Officer
Place: Thane
Encl.: as above
Registered Office : B2 & B3, B Wing, 3" Floor, Ashar IT Park, Road No.16-Z, Wagle Industrial Estate, Thane (W) 400604.
CIN : L42202MH2008PLC272209 « Email : info@vikrangroup.com « Tel.: 022-68693200
www.vikrangroup.com
VIKRAN ENGINEERING LIMITED
ANNEXURE-I
Sr. Particulars Details
1 Name of the authority Deputy General Manager, Supervision
Enforcement and Complaints (SEC-5), Corporation
Finance Department (CFD), Securities and
Exchange Board of India
2. Nature and details of the | Administrative Warning letter bearing reference no
action(s) taken, initiated or | I/25138/2026 dated 4t November 2026.
order(s) passed
3. Date of receipt of direction or | E-Mail received on Wednesday, 4t November 2026
order, including any adinterim | at around 3:40 P.M.
or interim orders, or any other
communication from the
authority
4. Details of the | The matter pertains to non-disclosure of a material
violation(s)/ contravention(s) dispute to the Stock Exchanges, alleging non-
committed or alleged to be compliance with Regulation 30 of the SEBI (LODR)
committed; Regulations, 2015.
The dispute involves GS Products India, which had
initiated proceedings against the Company before
the MSME Facilitation Council, Aligarh, with a
claim of approximately Z12.50 crore.
The Company argues that the additional disputed
amount (about 1.81 crore) was below its
materiality threshold of ¥3.26 crore. SEBI observed
that the aggregate claim of about I12.50 crore
exceeded that threshold, so the dispute should have
been disclosed.
Registered Office : B2 & B3, B Wing, 3 Floor, Ashar IT Park, Road No.16-Z, Wagle Industrial Estate, Thane (W) 400604.
CIN : L42202MH2008PLC272209 « Email : info@vikrangroup.com « Tel.: 022-68693200
www.vikrangroup.com
VIKRAN ENGINEERING LIMITED
5. Impact on financial, operation or The Company is currently examining the
other activities of the listed observations and underlying details and will
entity, quantifiable in monetary undertake appropriate corrective measures,
terms to the extent possible wherever necessary. The liability, if any, shall be
limited to the extent determined upon completion
of such examination. The financial impact, if any,
shall be assessed and disclosed separately, as
applicable.
6. Any other relevant information The Warning letter was received via e-mail at
around 3:40 P.M. on Wednesday, 04® November
2026. The Board Meeting was scheduled for the next
day, Thursday, 05" November 2026. The matter was
placed before the Board at the said meeting, and the
directors deliberated on it. The meeting concluded
at 5:00 P.M.
Following the Board's deliberation, the matter,
along with the Warning Letter received from SEBI,
was disseminated to the Stock Exchanges as part of
the Outcome of the Board Meeting, with the
Warning Letter attached.
The Company will consult its legal representatives
and advisors on the matter and will submit their
opinion at the earliest.
Registered Office : B2 & B3, B Wing, 3 Floor, Ashar IT Park, Road No.16-Z, Wagle Industrial Estate, Thane (W) 400604.
CIN : L42202MH2008PLC272209 « Email : info@vikrangroup.com « Tel.: 022-68693200
www.vikrangroup.com
S/ azdg wfayfa ox Rffag @
=_— Securities and Exchange Board of India
Deputy General Manager
Supervision Enforcement and Complaints (SEC-5)
Corporation Finance Department (CFD)
1/25138/2026
November 4, 2026
Vikran Engineering Limited,
401, Odyssey L.T. Park, Road No. 9,
Wagle Industrial Estate, Thane,
Maharashtra — 400604.
Kind Attention: Ms. Kajal Rakholiya, Company Secretary and Compliance
Officer,
Sub: Administrative Warning — Non-compliance with Regulation 30 of SEBI
(Listing Obligations and Disclosure Requirements) Requlations, 2015.
1. This has reference to the examination conducted by SEBI in the matter of Vikran
Engineering Limited (“Company”) regarding non-disclosure of a material dispute with
GS Products India under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘LODR Regulations”).
2. In this regard, SEBI has examined the matter based on the complaint received from
GS Products India, the response furnished by the Company and the examination
report submitted by the National Stock Exchange of India Limited (“NSE”).
3. It has been observed that GS Products India had initiated proceedings before the
MSME Facilitation Council, Aligarh, involving a claim of approximately ¥12.50 crore
against the Company. The Company, however, did not disclose the said dispute to the
Stock Exchanges.
Jt v, Sl &l SIGT-Fe! dRwiad, HFS - Yoo oug
SEBI Bhavan, “G" Block, Bandra Kurla Complex, Mumbai — 400 051
www.sebi.gov.in | 022 - 2644 9000 / 4045 9000
s'al aredrg wfayfa oz Rffag 9L Frgadt:
a— Securities and Exchange Board of India Continuation:
4. The Company submitted that the additional disputed amount was approximately 1.81
crore, which was below its materiality threshold of ¥3.26 crore. However, it is observed
that the aggregate claim of approximately ¥12.50 crore exceeded the materiality
threshold stated by the Company.
5. In this regard, Regulation 30 read with sub-paragraph 8 of paragraph B of Part A of
Schedule Il of the LODR Regulations requires listed entities to disclose material
litigation(s) or dispute(s) in accordance with the prescribed materiality criteria.
6. In view of the above, the Company’s failure to disclose the aforesaid material dispute
constitutes non-compliance with Regulation 30 of the LODR Regulations.
7. Therefore, the above violation has been viewed seriously. Accordingly, the company
and its Board of Directors are hereby warned to be careful in future and improve the
compliance standards to avoid recurrence of such lapses, failing which appropriate
enforcement action may be initiated in accordance with law.
8. Further, you are advised to disclose this letter to the recognized stock exchange(s) in
terms of Regulation 30 of the LODR Regulations and also place the same before the
Board of Directors in the ensuing Board Meeting.
Yours faithfully,
Viral Vinay Parekh
(Copy to BSE/NSE)
The issuance of this document may be verified on the web-page
accessible through the QR code printed here or from the link -
https://www.sebi.qov.in/sebiweb/dnvs-authentication-v2.html.