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