Date: 14th August 2026
Fundraising / Financing
Vikran Engineering Limited has completed the allotment of Secured, Unrated, Unlisted, Redeemable, Taxable, Non-Convertible Debentures (NCDs) through private placement, totaling ₹30 Crores across three tranches:
- Tranche I: ₹10.50 Crores (previously intimated on 1st August 2026)
- Tranche II: ₹3.50 Crores (allotted on 3rd August 2026)
- Tranche III: ₹6 Crores (allotted on 7th August 2026)
Key Terms and Conditions:
Instrument Details:
- Type: Secured, Unrated, Unlisted, Redeemable, Taxable, Non-Convertible Debentures
- Total Number: Tranche II - 14 NCDs, Tranche III - 24 NCDs
- Listing: Not proposed to be listed
Tenure and Dates:
- Tenure: 12 Months 5 Days for both tranches
- Tranche II Allotment: 3rd August 2026 | Maturity: 8th August 2027
- Tranche III Allotment: 7th August 2026 | Maturity: 12th August 2027
Financial Terms:
- Coupon Rate: Fixed at 11.40% per annum
- Interest Payment: Monthly
- Default Interest: Additional 2% p.a. over coupon rate for default periods
Security:
- Subservient charge over all current assets of the Company
Redemption Schedule:
The debentures will be redeemed at par in two parts from internal accruals and/or other permissible sources:
Tranche II:
- 3rd November 2026: ₹23,75,000 (95% of principal)
- 8th August 2027: ₹1,25,000 (5% of principal)
Tranche III:
- 7th November 2026: ₹23,75,000 (95% of principal)
- 12th August 2027: ₹1,25,000 (5% of principal)
Governance and Approval:
The Corporate Affairs Committee (CAC), duly authorized by the Board, approved the terms and conditions at meetings held on 3rd August 2026 and 7th August 2026. The disclosure is made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Additional Information:
- No special rights, privileges, or changes attached to the instrument
- No cancellation or termination of the issuance proposal
- No history of delay in payment or default beyond three months
- No letters or comments regarding payment/non-payment issues