Vikran Engineering Ltd Issues ₹20 Cr NCDs

Vikran Engineering Ltd announced the issuance and allotment of Secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (NCDs) aggregating ₹20 Crores. The NCDs, with a face value of ₹25,00,000 each, were approved by the Corporate Affairs Committee on July 30, 2026, and allotted on July 31, 2026. The debentures carry a fixed coupon rate of 11.40% per annum, with monthly interest payments. Principal repayment is scheduled in two tranches: 95% on October 31, 2026, and the remaining 5% on August 05, 2027. The NCDs are secured and not proposed to be listed on any stock exchange.