Mangal Credit Board Approves Unaudited Results, Fund Raising

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. The board also approved a proposal to raise up to ₹20 crore through Non-Convertible Debentures (NCDs) via private placement. Additionally, the company plans to increase its authorized share capital from ₹25 crore to ₹30 crore and enhance its borrowing limits from ₹750 crore to ₹1,500 crore, subject to shareholder approval. The 64th Annual General Meeting is scheduled for September 22, 2026, with the register of members closing from September 15-22, 2026, and September 14, 2026, set as the record date.