we wish to inform you that the Corporate Affairs Committee, duly authorized by the Board of Directors, at its meeting held on 4th June 2026, had approved the allotment of 20 (Twenty) Secured, Unlisted, Redeemable, Non-Convertible Debentures ("NCDs") of the face value of INR 50,00,000/- (Indian Rupees Fifty Lakhs Only) each and aggregating to INR 10,00,00,000/- (Indian Rupees Ten Crores Only), in dematerialised form and on private placement basis.
VIKRAN · price
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The Corporate Affairs Committee of Vikran Engineering Limited, authorised by the Board, approved the allotment of 20 Secured, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) on 4th June 2026. Each NCD carries a face value of INR 50 Lakhs, taking the total amount raised to INR 10 Crores. The NCDs have been issued in dematerialised form and on a private placement basis. No details on coupon rate, tenor, or the identity of the allottees have been disclosed in this filing.
The company has raised INR 10 Crores through private placement of secured NCDs, which will increase its debt obligations but provides capital without diluting equity. The modest size of the raise limits any major impact on the stock.