Mangal Credit to Increase Authorized Share Capital by ₹5 Cr

Mangal Credit and Fincorp Ltd's Board of Directors, in a meeting held on August 6, 2026, approved several key proposals. These include the consideration and approval of Unaudited Financial Results for the quarter ended June 30, 2026, along with the related Limited Review Report. The board also approved disclosures related to non-convertible debentures, including their utilization and security. A significant proposal is the increase in authorized share capital from ₹25 Crore to ₹30 Crore, subject to shareholder approval. Additionally, the board approved an increase in borrowing limits from ₹750 Crore to ₹1,500 Crore and the creation of charges over company assets to secure borrowings. The notice and annual report for the 64th AGM, scheduled for September 22, 2026, were also approved, with the register of members closing from September 15-22, 2026, and September 14, 2026, set as the record date.