Mangal Credit and Fincorp Limited (MANCREDIT) — Board Meeting

📢 Key Event
Board-approved NCD issuance of 2,000 debentures aggregating to INR 20 crores via private placement.

🔄 What Changed
Added new secured NCD issuance of INR 20 crores with 11.75% coupon and 27-month tenure.

🔮 What's Next
None

💡 Investor Takeaway
The NCD issuance raises capital but may dilute existing equity if converted or affect debt ratios.

Mangal Credit and Fincorp Limited announced the allotment of 2,000 secured, listed, rated, taxable, redeemable non-convertible debentures (NCDs) on a private placement basis, aggregating to INR 20 crores at a face value of INR 1,00,000 each with a discount of INR 2,000 per debenture. The NCDs were approved by the Board on May 7, 2026, and allotted on June 23, 2026, with a 27-month tenure maturing on September 23, 2028, offering a coupon rate of 11.75% p.a. The securities are secured by a first-ranking charge on identified receivables equal to 120% of the outstanding principal.

📄 View Original Announcement (PDF)

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