Vikran Engineering Limited has allotted 40 secured, unlisted, redeemable, non-convertible debentures (NCDs) aggregating ₹20 crore on a private placement basis. The Corporate Affairs Committee, authorized by the Board of Directors, approved the allotment on June 8, 2026. The NCDs carry a fixed coupon rate of 11% per annum, with interest payable monthly, and will mature on June 8, 2028.

The debentures, each with a face value of ₹50,00,000, are not proposed to be listed on any stock exchange. The instrument is secured by a subservient charge over all current assets of the company. In the event of a delay in payment of interest or redemption of principal, the company will pay additional interest at 2% per annum over the coupon rate for the defaulting period.

Redemption of the debentures will occur at par on maturity, funded through internal accruals and other permissible sources. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Allotment

Vikran Engineering Limited has scheduled an interaction with analysts and investors on June 8, 2026. The meeting will be held in Mumbai to discuss generally available information regarding the company's operations and performance.

The event is being conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that the discussions will not be related to any Unpublished Price Sensitive Information (UPSI).

Meeting Details

The management of Vikran Engineering Limited will engage in one-on-one and group meetings. The schedule for the interaction is outlined below:

Kajal Rakholiya, Company Secretary and Compliance Officer, signed the disclosure on June 3, 2026. The company noted that changes to the schedule may occur due to exigencies on the part of the host or the company.