Board Meeting6 Aug 2026, 07:50 pm

Mangal Credit Board Approves Unaudited Results, Fund Raising

AI Summary

Mangal Credit and Fincorp Ltd's Board of Directors met on August 6, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report. The board also approved a proposal to raise up to ₹20 crore through Non-Convertible Debentures (NCDs) via private placement. Further, the company will seek shareholder approval to increase its authorized share capital from ₹25 crore to ₹30 crore and enhance its borrowing limits from ₹750 crore to ₹1,500 crore. The board also approved the notice for the 64th AGM scheduled for September 22, 2026, and the Annual Report for FY 2025-26.

Key Highlights

Approved unaudited financial results for Q1 FY27.
Proposed to raise up to ₹20 crore via NCD private placement.
Seeking shareholder approval to increase authorized capital to ₹30 crore.
Board approved 64th AGM notice and Annual Report for FY26.
Proposed increase in borrowing limits to ₹1,500 crore.

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MANCREDIT

Non Banking Financial Company (NBFC)

MANGAL CREDIT AND FINCORP LTD.

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