Vikran Engineering Completes NCD Allotments of ₹9.50 Crore in Private Placement Tranches
Vikran Engineering Limited has completed the allotment of two tranches—Tranche II and Tranche III—of Secured, Unrated, Unlisted, Redeemable, Taxable, NonConvertible Debentures (NCDs) aggregating to ₹ 9.50 Crores through a private placement. This issuance follows an earlier intimation regarding the allotment of NCDs in Tranche 1 made on August 1, 2026.The allotments for Tranche II and Tranche III were approved by the company's Corporate Affairs Committee (CAC) and finalized as part of a strategic debt funding initiative. Tranche II, amounting to ₹ 3.50 Crores, was allotted on August 3, 2026, comprising 14 NCDs. Subsequently, Tranche III, valued at ₹ 6 Crores, consisting of 24 NCDs, was allotted on August 7, 2026.
The private placement encompasses the issuance of these tranches under specific terms related to repayment and security creation. The debentures are secured by a subservient charge over all current assets of Vikran Engineering Limited.
Key details of the two NCD tranches are summarized below:
| Feature | Tranche 2 (Allotted Aug 3, 2026) | Tranche 3 (Allotted Aug 7, 2026) |
|---|---|---|
| Size of Issue | ₹ 3.50 Crores | ₹ 6.00 Crores |
| Number of Securities | 14 NCDs | 24 NCDs |
| Tenure of Instrument | 12 Months 5 Days | 12 Months 5 Days |
| Coupon Rate | Fixed at 11.40% p.a. | Fixed at 11.40% p.a. |
Repayment and Interest Structure
All NCDs carry a fixed coupon rate of 11.40% per annum, with interest payments scheduled monthly. The tenure for both tranches is 12 Months 5 Days.The redemption structure requires the principal amount to be repaid in two parts: 95% on specified dates and the remaining 5% later.
Financial details regarding the debt instrument are detailed in the table below, outlining the repayment schedule and default provisions.
| Detail | Tranche 2 (₹ 3.50 Crores) | Tranche 3 (₹ 6 Crores) |
|---|---|---|
| 95% Principal Repayment Date | November 3, 2026 (₹ 23,75,000) | November 7, 2026 (₹ 23,75,000) |
| 5% Principal Repayment Date | August 8, 2027 (₹ 1,25,000) | August 12, 2027 (₹ 1,25,000) |
In the event of any default or delay in the payment of interest or principal amount for a period exceeding three months from the due date, the Company is obligated to pay additional interest at 2% per annum over the coupon rate for the defaulting period.
VIKRAN Stock Price Movement
Shares of Vikran Engineering Limited slipped by 4.39% on Friday, closing at ₹62.22 after shedding ₹2.86 from its previous close. The stock saw a traded volume totaling 2.29 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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