Intimation of Annual Report for the Financial Year ended March 31, 2026

Date: 19th August 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: Annual Report for the Financial Year ended March 31, 2026 Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report for the financial year ended March 31, 2026 of Vikran Engineering Limited. The copy of Annual Report shall also be available on the company’s website at www.vikrangroup.com. This is for your information and records. Thanking You. Yours faithfully, FOR VIKRAN ENGINEERING LIMITED Kajal Rakholiya Company Secretary and Compliance Officer Mem. No. A45271 Place: Thane Encl.: as above ANNUAL REPORT 2025-26 ENGINEERING LIMITED POWERING INDIA’S INFRASTRUCTURE, BUILDING THE FUTURE BUILDING TOMORROW’S INFRASTRUCTURE, TODAY At VIKRAN, we build infrastructure that powers progress. With engineering excellence, execution discipline and an unwavering commitment to quality, we are contributing to a stronger, cleaner and more connected India. Strengthening Accelerating the Clean Building Sustainable Enabling Faster, the Power Grid Energy Transition Water Infrastructure Greener Mobility INSIDE THE REPORT Corporate Overview Media Coverage & Public Recognition 38 IPO & Listing Milestone 06 Corporate Social Responsibility 40 About VIKRAN Engineering Limited 08 People & Culture 42 Forward-looking statements Our Business at a Glance 09 Quality & Safety Program 46 Some information in this report may contain forward-looking What Sets Us Apart 10 statements relating to VIKRAN Engineering Limited’s expected Management Discussion and Analysis 48 Business Verticals 11 financial position and results of operations, business plans and prospects. These statements are generally identified by forward- Project Showcase & Execution Highlights 12 Statutory Reports looking words such as ‘believe’, ‘plan’, ‘anticipate’, ‘continue’, Chairman's Message 14 ‘estimate’, ‘expect’, ‘may’, ‘will’ or other similar expressions. To know more about us in digital Our journey 24 Notice Forward-looking statements are dependent on certain mode, scan this QR code in your assumptions and the basis underlying such statements. VIKRAN QR mobile application Geographical Presence 26 Board's Report 90 Engineering Limited has considered these assumptions in good Board of Directors & Leadership 28 Report on Corporate Governance 117 faith and believes that they are reasonable in all material respects. Key Managerial Personnel 30 Financial Statements However, readers are cautioned that actual results, performance, BSE scrip code: Senior Managerial Personnel 32 or achievements may differ materially from those expressed or 544496 implied in such forward-looking statements. Proud VIKRANian - Voices of Our People 34 Standalone Financial Statements 146 VIKRAN Engineering Limited undertakes no obligation to update or Growth and Financial Excellence 36 Consolidated Financial Statements 231 revise any forward-looking statements, whether as a result of new NSE Trading Symbol: information, future events, or otherwise. VIKRAN Corporate Overview Statutory Reports Financial Statements POWERING INDIA’S INFRASTRUCTURE, BUILDING THE FUTURE Engineering today| Empowering tomorrow Delivering the backbone of a stronger India EVERY MILESTONE REFLECTS OUR COMMITMENT POWER TRANSMISSION EHV TO BUILD, DELIVER AND TRANSFORM (GIS/AIS) SUBSTATIONS & TRANSMISSION LINES Every so often, an infrastructure company arrives at a Solar EPC from a private party to develop 600 MW Solar project moment that redefines what it is. For VIKRAN Engineering of NOPL Solar Projects Private Limited (to be mentioned as Limited, FY 2025-26 has been that moment. "NOPL Solar") - a transformation that marks FY 2025-26 For more than a decade, VIKRAN has built its reputation as a genuine turning point. Yet the foundation beneath it the hard way - executing projects across some of India’s remains unchanged: an EPC company applying eleven years most challenging terrain, from dense forests and mountain of design, procurement, and execution discipline - proven POWER DISTRIBUTION ranges to river crossings and desert landscapes, for the across power, water, and railway infrastructure - to an ever- country’s most demanding public sector clients: Power wider slice of what India needs to keep building, backed by Grid Corporation of India (PGCIL), NTPC, state power a strong balance sheet and the agility to move where the transmission and distribution utilities, and central and state market moves. water departments. The work spans extra-high-voltage VIKRAN has never defined itself by a single sector - and (EHV) substations, transmission lines, power and water that is precisely its strength. The Company’s real asset is distribution networks, and railway electrification projects. it’s execution capability: the discipline to design, procure, RAILWAY In September 2025, that foundation carried VIKRAN onto the and execute at scale, and the agility to point that capability SOLAR ELECTRIFICATION POWER main board of the NSE and BSE – and the Company wasted wherever India’s infrastructure demand rises next - a no time putting the listing to work. And almost immediately, substation today, a water network tomorrow, an electrified a second, equally significant shift began: VIKRAN’s entry into rail corridor, a utility-scale solar plant. Powering India’s the renewable energy sector. What started as a strategic Infrastructure, Building the Future is a statement of exactly diversification in 2025 has, within months, become the that conviction. VIKRAN’s job is to build the physical backbone single largest driver of VIKRAN’s order book, anchored by this country runs on, one project at a time - and as India’s large-format solar wins from NTPC Renewable Energy. Also, infrastructure ambitions multiply in form and scale, so does the Company has won a major EPC order of over 2000 Cr for VIKRAN’s addressable opportunity. Where the nation builds WATER INFRASTRUCTURE next, VIKRAN intends to be already there, delivering. 4 Annual Report 2025-26 5 Corporate Overview Statutory Reports Financial Statements IPO & LISTING MILESTONE ACCELERATING GROWTH THROUGH LISTING During the Financial Year 2025–26, the Company achieved a significant milestone by entering the Indian capital PRICE BAND SUBSCRIPTION ISSUE SIZE ISSUE PRICE OBJECT OF ISSUE markets through its Initial Public Offering ("IPO"), marking its transition into a publicly listed company with the listing of its equity shares. `92-97 26TH – 28TH ₹772 CRORE ₹97 PER FUNDING WORKING CAPITAL REQUIREMENTS PER EQUITY SHARE AUGUST 2025 EQUITY SHARE AND GENERAL FACE VALUE OF 23.59X INCLUDING A SECURITIES CORPORATE PURPOSES ` 1 EACH OVERSUBSCRIBED PREMIUM OF ₹96 PER EQUITY SHARE The net proceeds of the Fresh Issue are proposed to be utilised towards funding the Company's working capital requirements and for general corporate purposes, in accordance with the objects of the Issue set out in the Prospectus. The utilisation of the net proceeds is monitored by the Audit Committee and disclosed periodically to the Stock Exchanges in compliance with the applicable regulatory requirements. STRONGER TOMORROW The successful listing has strengthened the Company's presence in the capital markets, enhanced its corporate profile, diversified its shareholder base and reinforced its commitment to the highest standards of corporate governance, transparency and timely disclosures as a listed entity. PRE- IPO PLACEMENT LEAD MANAGERS & BOOK- BUILDING ₹772 Cr Prior to the IPO, the Company REGISTRAR PROCESS successfully raised approximately Pantomath Capital Advisors The IPO was launched through Total Issue Size ₹185.54 crore [Showing first 8,000 characters — download PDF for full document]