StockWatch
·
Non Banking Financial Company (NBFC)
Board Meeting29 May 2026, 02:32 am

Mangal Credit Board approves ₹0.75 dividend, 25 lakh warrants

AI Summary

The Board of Directors of Mangal Credit and Fincorp Limited, at its meeting on May 28, 2026, approved the financial results for the quarter and financial year ended March 31, 2026. The Board recommended a final dividend of ₹0.75 (7.5%) per equity share for FY26, pending shareholder approval. Additionally, the Board approved raising funds by creating and issuing up to 25,00,000 fully convertible unlisted equity warrants on a preferential basis, subject to regulatory and member approvals. M/s Anand R. Chandak & Company were also appointed as Internal Auditors for the Financial Year 2026-27.

Key Highlights

  • Board approved financial results for Q4 and FY ended March 31, 2026.
  • Recommended a final dividend of ₹0.75 per equity share for FY26.
  • Approved raising funds by issuing up to 25 lakh convertible equity warrants.
  • Appointed M/s Anand R. Chandak & Company as Internal Auditors for FY27.