Key Quantitative Figures

  • Total Issue Size: ₹20,00,00,000 (Indian Rupees Twenty Crores Only)
  • Number of NCDs Allotted: 40 (Forty)
  • Face Value per NCD: ₹50,00,000 (Indian Rupees Fifty Lakhs Only)
  • Coupon Rate: 11% per annum, fixed
  • Tenure: 24 months

Dates of Action

  • Date of Allotment: 8th June 2026
  • Date of Maturity: 8th June 2028
  • Disclosure Date: 9th June 2026

Parties Involved

  • Issuer: Vikran Engineering Limited
  • Regulatory Authorities: BSE Limited (Scrip Code: 544496) and National Stock Exchange of India Limited (Scrip Symbol: VIKRAN)
  • Approving Authority: Corporate Affairs Committee duly authorized by the Board of Directors

Instrument Details

  • Type: Secured, Unlisted, Redeemable, Non-Convertible Debentures
  • Form: Dematerialised form
  • Issuance Method: Private Placement
  • Listing Status: Not proposed to be listed

Financial Terms

  • Interest Payment: Monthly
  • Principal Repayment: At par on maturity (8th June 2028)
  • Security: Subservient charge over all current assets of the Company
  • Special Rights: Nil
  • Default Provisions: In case of default (including delay) in payment of interest/coupon or redemption of principal beyond three months from due date, the Company shall pay additional interest @ 2% p.a. over the coupon rate for the defaulting period

Redemption Details

  • Redemption Manner: Out of internal accruals and/or other permissible sources
  • Redemption Source: Not out of profits or fresh issue specifically mentioned

Approval and Timing

  • Approval Date: Meeting held on 8th June 2026
  • Committee: Corporate Affairs Committee duly authorized by the Board of Directors