
Mangalam Global to consider ₹150 Cr NCD issuance on Oct 16
Mangalam Global Enterprise Ltd has announced that its Management Committee of the Board of Directors will convene on October 16, 2026. The primary agenda is to consider and approve a proposal for raising funds up to ₹150 Crores (₹1,500 Million) through the issuance of senior secured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. This move aims to bolster the company's capital structure and support its growth initiatives. The trading window for the company's securities has been closed from September 26, 2026, until further notice, in line with SEBI regulations and the company's insider trading code, coinciding with the closure for the declaration of unaudited financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Board meeting scheduled for October 16, 2026.
- Proposal to raise ₹150 Crores via NCD issuance.
- NCDs will be senior secured, rated, and listed.
- Fundraising to be conducted on a private placement basis.
- Trading window closed for financial results announcement.
Price Impact
More from MGEL