Loan & Debt30 Oct 2026, 07:04 pm
Vikran Engineering Allots ₹25 Cr NCDs
AI Summary
Vikran Engineering Ltd has announced the allotment of secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (NCDs) worth ₹25 Crores. This allotment is part of a larger approved issue size of ₹50 Crores. The NCDs carry a fixed coupon rate of 11.40% per annum, with monthly interest payments. The principal repayment is structured in two tranches: 95% on January 30, 2027, and the remaining 5% on November 14, 2027. These NCDs are secured over the company's assets and are not proposed to be listed on any stock exchange. The maturity date for the first tranche is November 14, 2027.
Key Highlights
- Allotted ₹25 Crores via NCDs, part of a ₹50 Crores issue.
- NCDs are secured, unrated, unlisted, and redeemable.
- Fixed coupon rate of 11.40% p.a. with monthly interest payments.
- Principal repayment in two tranches: 95% on Jan 30, 2027, 5% on Nov 14, 2027.
- Maturity date for the first tranche is November 14, 2027.
Price Impact
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