Mangal Credit allots ₹10 Cr of NCDs

Mangal Credit and Fincorp Ltd's Loans and Advance Committee approved the allotment of 1,000 secured, listed, rated, taxable non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹10,00,00,000 on a private placement basis. The NCDs, with a tenor of 21 months, were allotted on May 20, 2026, and will mature on February 20, 2028, carrying an interest rate of 11.75% p.a. payable monthly. The NCDs are secured by a charge on the Hypothecated Assets of the Company.