Vikran Engineering Completes ₹50 Crore NCD Allotment
Vikran Engineering Limited has successfully allotted ₹50 Crores in Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs). Tranche I (₹20 Cr) allotted April 24, 2026, matures April 24, 2028. Tranche II (₹30 Cr) allotted April 29, 2026, matures April 29, 2028. The NCDs offer an 11% annual coupon paid monthly.
The fundraising of ₹50 Crores through NCDs is a significant amount that can impact the company's financial leverage and investment capacity, though it is debt financing.
The company successfully completed the allotment of NCDs, indicating successful debt fundraising efforts which can support business operations and growth.
Vikran Engineering Limited has successfully completed the allotment of Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) aggregating to ₹50 Crores. The allotment, finalized on April 29, 2026, comprises Tranche I and Tranche II, issued on a private placement basis.
Tranche I, amounting to ₹20 Crores, was allotted on April 24, 2026, and is set to mature on April 24, 2028. Tranche II, totaling ₹30 Crores, was allotted on April 29, 2026, with a maturity date of April 29, 2028. These NCDs carry a fixed coupon rate of 11% per annum, with interest payable monthly.
The decision to issue these NCDs was initially authorized by the Board of Directors on October 19, 2024, with powers delegated to the Corporate Affairs Committee. The debentures are secured and issued in dematerialised form, with a face value of ₹50 Lakhs each. The company has confirmed that there are no delays or defaults in interest or principal payments.
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Vikran Engineering Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vikran Engineering Limited. Read the original for the full detail.