Power stock jumps 3% after receiving approval for migration from SME to main board

Power stock jumps 3% after receiving approval for migration from SME to main board

Synopsis: Viviana Power Tech Limited shares rose 3% after the Board approved several strategic actions, including migrating to the Main Board of NSE and BSE, and approved acquiring 100% of ASOJ Energy Storage System, expanding its energy storage portfolio and others.

The shares of the Micro-Cap company specializing in Engineering, Procurement, and Construction (EPC) services, specifically in the power transmission, distribution, and industrial electrical space, are in focus following the NSE–BSE Main Board Migration and their Strategic Acquisition.

With a market capitalization of Rs. 668.24 Crores on Friday, the shares of Viviana Power Tech Limited jumped up to 2.8 percent, reaching a high of Rs. 659.00 compared to its previous close of Rs. 640.65.

What Happened

Viviana Power Tech Limited, engaged in Engineering, Procurement, and Construction (EPC) services, specifically in the power transmission, distribution, and industrial electrical space, held a Board Meeting on January 29, 2026, and the Board approved several strategic actions.

The Board approved the proposal to migrate the company’s securities from the NSE Emerge Platform to the Main Board of NSE and BSE under SEBI regulations. This is subject to approval by members and stock exchanges.

The company has also strategically acquired 100% of the equity shares of ASOJ Energy Storage System Private Limited by subscribing to 10,000 equity shares of Rs. 10 each. As a result of this acquisition, ASOJ Energy Storage System Private Limited will become a wholly owned subsidiary of Viviana Power Tech Limited, further strengthening the company’s presence in the energy storage sector.

Along with it, the Board also appointed Independent Directors: Mr. Laxmi Narayana Mishra and Mr. Sagar Natvarlal Tailor were appointed as Additional Independent Directors for a 5-year term, subject to shareholder approval.

Financials & Others

The company’s revenue rose by 40.67 percent from Rs. 41.90 crore in September 2024 to Rs. 58.94 crore in September 2025. Meanwhile, the Net profit rose from  Rs. 3.98 crore to  Rs. 5.59 crore during the same period.

The company demonstrates strong financial performance with a return on equity (ROE) of 46.5%, indicating its ability to generate profit from shareholders’ investments. Over the past three years, the company has consistently maintained an impressive ROE of 35.9%, reflecting its solid track record. Additionally, the company boasts a robust return on capital employed (ROCE) of 42.9% and a favorable PEG ratio of 0.30, suggesting good growth prospects relative to its valuation.

Viviana Power Tech Ltd. specializes in Power Transmission, Distribution, and Industrial Electrical EPC Projects, offering a wide array of services such as supply, erection, testing, and commissioning of power transmission lines, the development of EHV substations, underground cable laying, and upgradation of existing power systems. 

The company is also involved in renewable energy infrastructure development, including Battery Energy Storage Systems (BESS) and integrated multi-energy ecosystems, with a focus on sustainable and future-ready solutions. With over 10 years of experience, Viviana Power Tech Ltd. has successfully completed 70+ projects and holds an impressive order book worth over 1,400 Crore, showcasing its leadership in power infrastructure.

The company executes large-scale projects like ±500 KV HVDC and 400/220/132/66/33 KV transmission lines and substations for both government utilities and private entities. Viviana Power Tech Ltd. operates with an EPC-driven business model, emphasizing high-quality material supply and engineering expertise. 

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  • Sridhar is a NISM-certified Research Analyst with an MBA in Finance and with over 3+ years of experience as a Financial Analyst, possessing strong expertise in both fundamental and technical analysis. Specialises in equity research, company and sector evaluation, IPO analysis, and tracking market trends to produce clear, investor-friendly insights.

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