Mangal Credit & Fincorp Limited reported a 17.1% increase in net profit for the financial year ended March 31, 2026, reaching ₹1,530.65 lakh compared to ₹1,306.75 lakh in the previous year. Revenue from operations for FY26 grew 41% to ₹6,986.58 lakh from ₹4,947.62 lakh in FY25. The board, meeting on May 29, 2026, approved the audited financial results and recommended a final dividend of ₹0.75 per share for FY26, subject to shareholder approval. The company published these results in newspapers on May 30, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a profit after tax of ₹547.81 lakh, up from ₹261.76 lakh in the same period last year. Total income for the year stood at ₹6,986.58 lakh. The company maintained a Net NPA ratio of 0.78% and a Capital Adequacy Ratio of 33.84% as of March 31, 2026.

Capital Allocation and Fundraising

The board approved the issuance of up to 25,00,000 fully convertible unlisted equity warrants to promoters and non-promoters on a preferential basis. Post-allotment, promoter holding is expected to increase to 59.99% from 55.25%. Additionally, the company issued 3,000 Non-Convertible Debentures (NCDs) aggregating ₹3,000 lakh during the quarter, which are listed on BSE Limited and secured by receivables. The proceeds were fully utilized for onward lending purposes with no material deviation.

Auditor and Compliance

Statutory auditors M/s. Bhagwagar Dalal & Doshi issued an unmodified opinion on the annual financial results. The board also appointed M/s. Anand R. Chandak & Company as internal auditors for FY27. The company confirmed compliance with financial covenants related to its listed debt securities, maintaining a Capital Adequacy Ratio of 33.84% and a Net NPA ratio of 0.78%.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE545L01039/c84a460408a64da3.pdf

Mangal Credit and Fincorp Limited has successfully allotted 1,000 secured, redeemable non-convertible debentures (NCDs) aggregating to ₹10 crore on a private placement basis. The allotment was approved by the Loans and Advance Committee during its meeting held on May 20, 2026. This issuance follows the board approval granted on May 7, 2026, to raise funds through such instruments.

The NCDs, which are rated, listed, and taxable, have a face value of ₹1,00,000 each. They are secured by a first-ranking, exclusive, and continuing charge on identified receivables of the company. These receivables shall at all times equal 1.20 times the aggregate amount of the principal outstanding. The debentures are proposed to be listed on BSE Limited, based on the in-principle listing approval dated May 18, 2026.

Key Terms of the Allotment

The debentures carry a coupon rate of 11.75% per annum, subject to the deduction of tax at source if applicable. Interest payments are scheduled to be made monthly. The tenor for these instruments is set at 21 months, with the date of allotment recorded as May 20, 2026, and the maturity date fixed for February 20, 2028.

The company confirmed that there are no special rights, interests, or privileges attached to these instruments. Additionally, there is no history of delay in payment of interest or principal amounts exceeding three months from the due date. The issuance is part of the company's broader strategy to raise funds through private placement.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE545L01039/6d1be38a7d754829.pdf