5444962026-10-132026-10-135444962026-10-135444962026-10-132026-10-13PartiesOfTheAgreementDomain15444962026-10-13PartiesOfTheAgreementDomain15444962026-10-132026-10-13PartiesOfTheAgreementDomain25444962026-10-13PartiesOfTheAgreementDomain2xbrli:purexbrli:sharesVIKRAN ENGINEERING LIMITEDVIKRANNewOthersFacility AgreementExecution of agreementRelated Parties of the listed entity,Third Partyfalse2026-10-0917:00:00false2026-10-13The Facility Agreement dated 9th October 2026, provides for a rupee term loan facility of up to Rs.2,941.19 crore from IREDA to NOPL. The estimated total project cost is Rs.4,201.70 crore, with the balance proposed to be funded through promoter contribution and other sources in accordance with the financing plan. The agreement sets out the conditions for drawdown, repayment, security creation, representations and warranties, financial covenants, undertakings and events of default.2026-09-30falseThe Facility Agreement has been entered into for availing financial assistance towards partfinancing the estimated project cost of a 969 MWac / 1,163 MWp solar photovoltaic power project under the MSKVY Scheme, being developed at 152 locations across Maharashtra by NOPL.The Facility Agreement does not affect the management or control of the Company. IREDA does not have any right under the Facility Agreement to nominate directors to the Board of the Company or otherwise participate in the management of the Company2NOPL Solar Projects Private LimitedParty entering into the agreementYes100001trueNOPL is a Wholly-Owned Subsidiary of Vikran Engineering LimitedIndian Renewable Energy Development Agency LimitedCounterparties to the agreementNo00falsefalseThe loan is availed by NOPL Solar Project Private Limited from Indian Renewable Energy Development Agency Limited. Vikran Engineering Limited is not a party to Faciliaty Agreement2026-10-09The Facility Agreement has been entered into for availing financial assistance towards partfinancing the estimated project cost of a 969 MWac / 1,163 MWp solar photovoltaic power project under the MSKVY Scheme, being developed at 152 locations across Maharashtra by NOPL.The Facility Agreement dated 9th October 2026, provides for a rupee term loan facility of up to Rs.2,941.19 crore from IREDA to NOPL. The estimated total project cost is Rs.4,201.70 crore, with the balance proposed to be funded through promoter contribution and other sources in accordance with the financing plan. The agreement sets out the conditions for drawdown, repayment, security creation, representations and warranties, financial covenants, undertakings and events of default.falseAs on the date of this disclosure, no direct liability has been created on Vikran Engineering Limited under the Facility Agreement executed between NOPL Solar Projects Private Limited and IREDA. The corporate guarantee proposed to be provided by Company in favour of IREDA to secure the obligations of NOPL under the financing arrangement shall be executed separately in accordance with the terms of the financing documents. The obligations and liabilities of Company, if any, in this regard shall arise upon execution of the relevant corporate guarantee, subject to its terms and conditions.IREDA has no right under the Facility Agreement to nominate a director on the Board of the Company. <BR> The Facility Agreement was executed by the Company’s wholly-owned subsidiary, NOPL. The agreement was dated 9th October 2026 and communicated through email on 12th October 2026 to the Company. Accordingly, the disclosure is being made upon receipt of the duly executed copy. Further, the execution of the aforesaid Facility Agreement marks the finalisation of the financing arrangements for the 969 MW solar power project being developed by NOPL, in connection with which Vikran Engineering Limited has been awarded an EPC contract valued at Rs.3,517.98 crore. This represents a significant milestone towards the implementation and execution of the project.