Vikran Engineering Allots ₹10 Cr Non-Convertible Debentures

Vikran Engineering Ltd has announced the allotment of Secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (NCDs) aggregating to ₹10 Crores. The Corporate Affairs Committee (CAC) approved the allotment at its meeting held on November 3, 2026. The NCDs have a face value of ₹10,00,000 each, a tenure of approximately one year, with maturity on November 18, 2027. The debentures carry a fixed coupon rate of 11.40% per annum, payable monthly. Principal repayment is scheduled in two tranches: 95% on January 30, 2027, and the remaining 5% on November 18, 2027. These NCDs are secured and not proposed to be listed on any stock exchange.