Mangal Credit Approves Unaudited Results, Fundraise Up To ₹20 Cr

Mangal Credit and Fincorp Ltd announced the outcome of its Board Meeting held on August 6, 2026. The board approved the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. Key decisions included approving a proposal to raise funds up to ₹20 crore through Non-Convertible Debentures on a private placement basis. The company also approved an increase in its authorized share capital from ₹25 crore to ₹30 crore and an increase in borrowing limits from ₹750 crore to ₹1,500 crore, subject to shareholder approval. Additionally, the board approved the notice and annual report for the 64th AGM scheduled for September 22, 2026, and set September 14, 2026, as the record date for the AGM.