Mangal Credit and Fincorp Limited (MANCREDIT) — Board Meeting

📢 Key Event
Board approved private placement of 1,000 NCDs aggregating to INR 10 crore.

🔄 What Changed
Approved issuance of 1,000 NCDs worth INR 10 crore via private placement.

🔮 What's Next
Maturity scheduled for February 20, 2028.

💡 Investor Takeaway
The company raised INR 10 crore through secured NCDs, which may increase debt levels but offers investors a fixed 11.75% return.

Mangal Credit and Fincorp Limited announced the Board's approval on May 7, 2026, to raise funds through a private placement of 1,000 secured, listed, rated, taxable, redeemable, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 10,00,00,000 (Ten Crore Only). The allotment was approved by the Loans and Advances Committee on May 20, 2026, and the NCDs will be listed on BSE with a 21-month tenure, 11.75% coupon payable monthly, and maturity on February 20, 2028.

📄 View Original Announcement (PDF)

📊 Stock Analysis — MANCREDIT ✨ Ask AI About This