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Vikran Engineering Limited allotted Rs 9.50 crore in debentures across two tranches
14-Aug-2026, 07:16
Vikran Engineering Limited announced the allotment of Rs 3.50 crore in Tranche II and Rs 6 crore in Tranche III of secured, unrated, unlisted, redeemable, taxable, non-convertible debentures on August 3rd and August 7th, 2026, respectively, following approvals from the company’s Corporate Affairs Committee. The debentures, which carry a fixed coupon rate of 11.40% per annum and are to be repaid over 12 months and 5 days, are backed by a subservient charge over the company's current assets.
Vikran Engineering Limited announced the allotment of Rs 3.50 crore in Tranche II and Rs 6 crore in Tranche III of secured, unrated, unlisted, redeemable, taxable, non-convertible debentures on August 3rd and August 7th, 2026, respectively, following approvals from the company’s Corporate Affairs Committee. The debentures, which carry a fixed coupon rate of 11.40% per annum and are to be repaid over 12 months and 5 days, are backed by a subservient charge over the company's current assets.