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Vikran Engineering approved issuance of Rs 20 crore in secured debentures via private placement
01-Aug-2026, 06:17
Vikran Engineering Limited announced that its Corporate Affairs Committee approved the issuance of Rs 20 crore in secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (“NCDs”) on a private placement basis, with a face value of Rs 25,00,000 each, the allotment date being July 31, 2026, and maturity date August 5, 2027. The NCDs carry a fixed coupon rate of 11.40% p.a. with monthly interest payments, and will be redeemed in two parts: 95% on October 31, 2026, and the remaining 5% on August 5, 2027.
Vikran Engineering Limited announced that its Corporate Affairs Committee approved the issuance of Rs 20 crore in secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (“NCDs”) on a private placement basis, with a face value of Rs 25,00,000 each, the allotment date being July 31, 2026, and maturity date August 5, 2027. The NCDs carry a fixed coupon rate of 11.40% p.a. with monthly interest payments, and will be redeemed in two parts: 95% on October 31, 2026, and the remaining 5% on August 5, 2027.