Mangal Credit And Fincorp Debt & Borrowing: ₹0.5 Cr
Mangal Credit and Fincorp Limited successfully paid interest on its secured non-convertible debentures as per the payment schedule.
- Value
- ₹0.50 Cr
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Mangal Credit and Fincorp Limited successfully paid interest on its secured non-convertible debentures as per the payment schedule.
Mangal Credit and Fincorp issued a clarification regarding the preferential issue of convertible warrants proposed in the 64th AGM notice.
Mangal Credit and Fincorp allotted ₹35 Crore in secured NCDs via private placement. The 23-month debentures carry an 11.50% coupon, secured by first-ranking charge on receivables.
Mangal Credit and Fincorp is convening its 64th Annual General Meeting on September 22, 2026. The company has also filed its Annual Report for 2025-26.
Mangal Credit approved a private placement of 3,500 NCDs worth ₹35 Crore. This issuance replaces a previously proposed, now withdrawn, ₹20 Crore NCD offer.
Mangal Credit and Fincorp has scheduled a board meeting for August 14, 2026, to consider a proposal for raising funds via Non-Convertible Debentures.
Mangal Credit and Fincorp Limited has increased its authorized share capital from 25 million to 30 million equity shares. The change is effective September 22, 2026.
Mangal Credit and Fincorp approved an NCD issuance of ₹20 Crore. The board also increased borrowing limits and authorized share capital.
Mangal Credit and Fincorp Limited will hold a board meeting on August 6, 2026, to consider quarterly financial results and proposed fund raising.