Board Meeting6 Aug 2026, 07:51 pm

Mangal Credit Approves Unaudited Results, ₹20 Cr NCD Issuance

AI Summary

Mangal Credit and Fincorp Ltd's Board of Directors met on August 6, 2026, approving the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. The board also approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, with a proposal to raise up to ₹20 crore. Additionally, the company announced plans to increase its authorized share capital and borrowing limits, subject to shareholder approval. The 64th Annual General Meeting is scheduled for September 22, 2026.

Key Highlights

Approved Unaudited Financial Results for Q1 FY27.
Approved proposal to raise up to ₹20 crore via NCDs.
To increase authorized share capital and borrowing limits.
64th AGM scheduled for September 22, 2026.
Approved closure of Register of Members for AGM.

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MANCREDIT

Non Banking Financial Company (NBFC)

MANGAL CREDIT AND FINCORP LTD.

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