StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting29 May 2026, 01:59 am

Mangal Credit Board approves FY26 results, ₹0.75 dividend, ₹25 Cr warrants

AI Summary

Mangal Credit and Fincorp Limited's Board of Directors met on May 28, 2026, to approve 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. Key decisions also included the approval to raise funds by issuing up to 25 lakh fully convertible unlisted equity warrants on a preferential basis. The Board also appointed M/s Anand R. Chandak & Company as the Internal Auditors for FY2026-27 and noted the utilization of proceeds from previously issued ₹30 crore Non-Convertible Debentures.

Key Highlights

  • Board approved financial results for Q4 and FY26.
  • Recommended a final dividend of ₹0.75 per equity share for FY26.
  • Approved raising funds by issuing up to 25 lakh equity warrants.
  • Appointed M/s Anand R. Chandak & Company as Internal Auditors for FY26-27.
  • Noted utilization of proceeds from ₹30 crore Non-Convertible Debentures.