Mangal Credit and Fincorp Limited (MANCREDIT) — Board Meeting

📢 Key Event
Board approved Q4 FY2026 results, recommended ₹0.75 dividend, and proposed fundraise via 2.5 million convertible warrants.

🔄 What Changed
Dividend recommendation of ₹0.75 per share; approval of financial results; fundraising through convertible warrants; post-allotment promoter holding increased to 59.99%.

🔮 What's Next
None

💡 Investor Takeaway
The dividend signals confidence in cash flow, while the fundraise may dilute ownership but supports growth without immediate debt burden.

Mangal Credit and Fincorp Limited announced its Q4 FY2026 financial results on May 28, 2026, recommending a dividend of ₹0.75 per share (7.5% of face value) subject to shareholder approval. The board approved financial statements audited by Bhagwagar Dalal & Doshi, which issued an unmodified opinion with no material uncertainty about going concern. The company raised funds via up to 2.5 million convertible equity warrants through preferential allotment, increasing promoter holding from 55.25% to 59.99%. Key financials show revenue of ₹6,990.08 lakhs in Q3 2026, profit before tax of ₹2,085.47 lakhs, and net profit margin of 26%. Debt ratios remain within covenant limits, including a debt-to-equity ratio of 1.90 and net NPAs at 0.78%. The auditor confirmed compliance with SEBI regulations and all financial covenants for outstanding NCDs.

📄 View Original Announcement (PDF)

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