Vikran Engineering Limited (VIKRAN) — Corporate Action
📢 Key Event
Allotment of 40 NCDs aggregating to ₹20 crores via private placement
🔄 What Changed
Added ₹20 crores of secured debt with 11% coupon and 24-month tenure
🔮 What's Next
Maturity on 8 June 2028
💡 Investor Takeaway
Investors now hold secured debt instruments with monthly interest and principal repayment linked to internal accruals.
Vikran Engineering Limited allotted 40 secured, unlisted, redeemable, non-convertible debentures of ₹5 lakh face value each, aggregating to ₹20 crores, via private placement on 8 June 2026. The debentures carry an 11% fixed coupon payable monthly with principal due on 8 June 2028, and are secured by a subservient charge on current assets.
About Vikran Engineering Limited (VIKRAN)
Construction · Construction · Listed on NSE
Market Cap: ₹1,783.45 Cr
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.