Mumbai, Feb 26: The promoter group of Vikran Engineering Ltd. has increased its shareholding in the company through open market purchases, reinforcing strong confidence in the company’s business fundamentals and long-term growth trajectory.
Mr. Rakesh Ashok Markhedkar, Chairman & Managing Director (CMD), acquired 2,19,300 equity shares of the company on February 25, 2026, through market transactions. Post the acquisition, his shareholding stands at 40.06% of the company’s equity capital.
Additionally, Mr. Nakul Markhedkar, Director, acquired 14,000 equity shares through open market purchases on February 24, 2026.
The promoter group’s incremental investment reflects continued conviction in the company’s operational momentum, strengthening order pipeline, and disciplined execution strategy.
Commenting on the development, Mr. Rakesh Ashok Markhedkar said:
“This incremental investment reflects our deep conviction in Vikran Engineering’s long-term growth potential and the strength of our underlying business fundamentals. We are witnessing healthy order visibility, improved execution efficiencies, and strong client engagement across our core segments.
As we continue to focus on disciplined project selection, operational excellence, and prudent capital management, we believe the company is well positioned to create sustainable and scalable value over the coming years.
This step demonstrates our long-term belief in the company’s growth trajectory and our continued alignment with minority shareholder interests.”
Vikran’s record order book, diversified execution pipeline, disciplined capital allocation, and increased promoter commitment collectively strengthen strong business visibility, operational resilience, and sustained long-term value creation.