Vikran Engineering Limited has entered into a loan agreement with Onix Renewable Limited, extending an inter-corporate demand loan of ₹49.15 crore. The company disclosed the development to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the disclosure, Vikran Engineering will act as the lender, while Onix Renewable will be the borrower. The loan carries an interest rate of 15% per annum and is structured as a demand loan, allowing the lender to call for full or partial repayment at its discretion, with or without notice.
The loan agreement was executed on January 31, 2026.
The company clarified that the transaction does not involve related parties and is not classified as a related-party transaction.
Vikran Engineering also noted that the disclosure to the stock exchanges was delayed due to an administrative lapse in communication and collation of final executed documents. The company stated that the delay was unintentional and that internal processes have been strengthened to ensure timely compliance in the future.
The development reflects Vikran Engineering’s financial engagement with the renewable energy sector through Onix Renewable’s borrowing arrangement.
