Vikran Engineering Limited has made a regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulation 30 regarding the allotment of Non-Convertible Debentures (NCDs).
Key Quantitative Figures
- Issue Size: ₹10 Crores (Tranche 2)
- Face Value: ₹10,00,000 (Rupees Ten Lakh) per NCD
- Coupon Rate: Fixed at 11.40% per annum
- Interest Payment: Monthly frequency
- Principal Redemption: 95% on 30th January 2027, 5% on 18th November 2027
Instrument Details
- Type: Secured, unrated, unlisted, redeemable, taxable, non-convertible debentures
- Denomination: Indian Rupees
- Listing Status: Not proposed to be listed on any stock exchange
- Security: Secured (specific assets not detailed)
- Special Rights: Nil
- Default History: Not applicable (no delays or defaults mentioned)
Parties Involved
- Issuer: Vikran Engineering Limited
- Approving Authority: Corporate Affairs Committee (CAC)
- Compliance Officer: Kajal Rakholiya, Company Secretary and Compliance Officer
- Regulatory Recipients: BSE Limited and National Stock Exchange of India Limited
Redemption Schedule
The NCDs will be redeemed in two parts:
- 95% of principal amount on 30th January 2027
- Remaining 5% on 18th November 2027
Additional Information
- No special rights or privileges attached to the instrument
- No delays in payment or default history
- No cancellation or termination of securities issuance proposal
- No comments regarding payment/non-payment of interest or principal