Vikran Engineering Allots ₹9.5 Cr in NCD Tranches

Vikran Engineering Ltd has announced the allotment of Non-Convertible Debentures (NCDs) across two tranches. Tranche II, amounting to ₹3.50 Crores, was allotted on August 3rd, 2026, and Tranche III, for ₹6 Crores, was allotted on August 7th, 2026. These are Secured, Unrated, Unlisted, Redeemable, Taxable NCDs with a tenure of 12 months and 5 days, carrying a fixed coupon rate of 11.40% per annum, payable monthly. The principal repayment is structured with 95% due in November 2026 and the remaining 5% in August 2027. This issuance is part of a larger ₹20 Crores NCD program, with ₹10.50 Crores already allotted previously.