Mangal Credit & Fincorp 's Board of Directors, at its meeting held on May 7, 2026, approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹30 Crore through two separate tranches on a private placement basis. The board meeting commenced at 12.15 P.M. and concluded at 12.50 P.M. The approvals were made in compliance with Regulation 30 and Regulation 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCD Issuance at a Glance

The two tranches together represent a total fundraise of up to ₹30 Crore. Both series are structured as secured, listed, rated, taxable, transferable, and redeemable NCDs, each carrying a face value of INR 1,00,000 per debenture. The key parameters of each tranche are summarised below:

Security and Structural Details

Both tranches are secured by way of a first ranking, exclusive, and continuing charge over certain identified receivables of the company. A security cover of 1.20x the value of the outstanding principal plus accrued interest or obligations is required to be maintained at all times until the redemption of the debentures. The coupon rate of 11.75% p.a. is subject to deduction of tax at source, as applicable.

The principal repayment structure differs between the two tranches. For Tranche 1, 50% of the principal is payable at the 12th month, with the remaining amount due at maturity. For Tranche 2, the entire principal is repayable as a bullet payment at the time of maturity. No special rights, interests, or privileges are attached to either instrument.

Listing and Compliance

Both NCD series are proposed to be listed on BSE Limited. The issuances have been disclosed in compliance with the SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to time. The actual allotment of debentures may take place on a date other than the deemed dates of allotment, subject to the completion of applicable requirements within the prescribed timeline. The disclosure was signed by Hardik Meghraj Jain, Executive Director of the company.

Mangal Credit & Fincorp has announced the opening of a new branch in the state of Maharashtra, scheduled for inauguration on May 6, 2026. The disclosure was made on May 5, 2026, in compliance with Regulation 30 and Regulation 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

New Branch Details

The company will be inaugurating the Nallasopara Branch, expanding its presence in Maharashtra. The key details of the new branch are as follows:

Regulatory Disclosure

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited as part of the company's obligations under the SEBI Listing Regulations. The disclosure was signed by Hardik Meghraj Jain, Executive Director, on behalf of Mangal Credit and Fincorp Limited, and filed on May 5, 2026.