Vikran Engineering Limited enters ₹49.15 Crore loan agreement with Onix Renewable Limited
Vikran Engineering Limited has entered into a loan agreement as a lender with Onix Renewable Limited for ₹49.15 Crore. The loan has an interest rate of 15% per annum and is repayable on demand. The agreement was executed on January 31, 2026.
The loan amount is not material enough to significantly impact the company's overall financial standing or operations, and it is a standard inter-corporate loan.
The announcement is a routine disclosure of a loan agreement and does not inherently indicate positive or negative performance for the company.
Vikran Engineering Limited has entered into a Loan Agreement with Onix Renewable Limited, wherein Vikran Engineering Limited acts as the Lender and Onix Renewable Limited is the Borrower.
The agreement, executed on January 31, 2026, is for an Inter Corporate Loan amounting to ₹49.15 Crore (Indian Rupees forty-nine crore and fifteen lakhs only).
The loan carries an interest rate of 15% per annum. It is repayable on demand at the sole discretion of the Lender. The agreement does not involve any related party transactions, and there are no special rights such as the right to appoint directors or first right to share subscription.
The disclosure of this loan agreement was delayed due to an inadvertent administrative lapse in communication and collation of final executed documents to the Compliance Team. The company has implemented steps to strengthen internal processes to ensure timely compliance going forward.
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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 low impact, the band that almost never moves a portfolio on its own.
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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.