A pledge has been created on 30.4% of the total equity of the promoter holding.
The pledge has been created for the borrowed amount to be utilised for working capital requirements.
Of the three promoter entities, Gyanesh Chaudhary Family Trust and VSL Ventures have pledged their entire stake in the company.
| Promoter Entity | Pledge Created |
| Vikram Capital Management | 6.05% |
| Gyanesh Chaudhary Family Trust | 20.21% |
| VSL Ventures Private Limited | 4.17% |
At the end of August 2025, Gyanesh Chaudhary Family Trust held 20.21% stake in the company, while Vikram Capital Management and VSL Ventures held 30.91% and 4.17% stake in Vikram Solar, as per data available on the stock exchanges.
Vikram Solar shares made a subdued debut on the stock exchanges on August 26, 2025. The stock listed at ₹340 on the BSE and at ₹338 on the NSE, a premium of 2.4% and 1.81% against its issue price, respectively.
Vikram Solar shares ended the previous session 2.3% lower at ₹348 apiece.
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