Vikram Solar Completes Acquisition of Australian Subsidiary

Vikram Solar Ltd has announced the successful acquisition of the entire shareholding of Vikram Solar Australia Pty Ltd, making it a wholly-owned subsidiary. The target entity, incorporated in Australia, is yet to commence commercial operations and belongs to the renewable energy industry. This acquisition supports the company's overseas expansion strategy. The transaction involved a cash consideration of USD 50,000 for 67,683 equity shares, with completion on August 26, 2026. The acquisition does not constitute a related party transaction.