Mangal Credit and Fincorp Ltd. Approves Fund Raising Through Non-Convertible Debentures

Mangal Credit and Fincorp Ltd. held a Board Meeting on March 5, 2026, where they approved a fund raising proposal by way of issuing Non-Convertible Debentures on a private placement basis. The total amount for which the securities will be issued is INR 30,00,00,000 (Indian Rupees Thirty Crore only). The NCDs will have a face value of INR 1,00,000 (Indian Rupees One Lakhs Only) each and will be secured, listed, rated, taxable, and transferable. The tenure of the instrument is 30 (Thirty) months from the deemed date of allotment, with a coupon/interest offered of 11.75% p.a. (subject to deduction of tax at source, as applicable). The Debentures will be secured by a first ranking, exclusive, and continuing charge over certain identified receivables of the Company.