Vikram Solar Shares Dropped After Promoters Pledged Shares to Secure Loan

On September 18, 2025, Vikram Solar shares are in focus following a pledge of a portion of promoter holdings to secure a loan for the company. Vikram Solar shares made a modest stock market debut on August 26, 2025, listing at ₹340 on the BSE and ₹338 on the NSE, a premium of 2.4% and 1.81% respectively over the issue prices.

Specifically, promoters have pledged 30.4% of their total equity stake in Vikram Solar to raise funds aimed at meeting working capital needs. Among the three promoter entities, both Gyanesh Chaudhary Family Trust and VSL Ventures have pledged their entire holdings in the firm.

Pledge Breakdown by Promoter Entities

As of the end of August 2025, the Gyanesh Chaudhary Family Trust held a 20.21% stake, Vikram Capital Management owned 30.91%, and VSL Ventures held 4.17% in Vikram Solar, according to stock exchange data.

Also Read: Cohance Lifesciences Block Deal: Shares Worth ₹3,073 Crore Exchanged

Vikram Solar Secured Major Order

Vikram Solar has secured a significant order for 200 MW of its high-efficiency solar modules from AB Energia, a leading expert in comprehensive EPC solutions for commercial and industrial (C&I) solar projects. These cutting-edge modules, each rated at 590 Wp and higher, are set to be installed across the solar-forward states of Maharashtra, Madhya Pradesh, and Gujarat, which are rapidly advancing their transition to clean and sustainable energy.

Mr Siddharth Bhatia, Managing Director & CEO, AB Energia Solutions Pvt. Ltd., “Our continued association with Vikram Solar reflects our shared assurance to engineering excellence and maximising value for our clients. With these new high-performance modules, AB Energia further reinforces its mission of delivering reliable, efficient, and future-ready solutions to power India’s clean energy ambitions. We look forward to executing these projects across key growth states, setting new benchmarks for project delivery, sustainability, and partnership in the solar EPC landscape.”

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