Mangal Credit & Fincorp board to consider NCD issuance on Aug 14
Mangal Credit and Fincorp Limited scheduled a board meeting for August 14, 2026, to consider raising funds via Non-Convertible Debentures. The disclosure was made under SEBI Listing Regulations 29 and 50(1). Executive Director Hardik Meghraj Jain signed the intimation filed with BSE and NSE.

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Mangal Credit and Fincorp Limited has scheduled a meeting of its Board of Directors for Friday, August 14, 2026, to consider a proposal for raising funds via the issuance of Non-Convertible Debentures (NCDs). The company disclosed this agenda item in a prior intimation filed with stock exchanges on August 11, 2026, signaling potential expansion in its debt financing activities.
The meeting is convened pursuant to Regulation 29 and Regulation 50(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. These regulations mandate timely disclosure of material events to ensure transparency for investors and market participants. The proposal for NCD issuance is subject to requisite approvals from the Board and other relevant authorities.
Meeting Details
| Parameter | Details |
|---|---|
| Company Name | Mangal Credit and Fincorp Limited |
| Meeting Date | August 14, 2026 |
| Agenda Item | Fund raising via Non-Convertible Debentures |
| Regulatory Basis | SEBI LODR Regulations 29 and 50(1) |
The filing was signed by Hardik Meghraj Jain, Executive Director of the company, carrying DIN 07871480. The notice was dispatched to both BSE Limited and the National Stock Exchange of India Limited on August 11, 2026.
Market Implications
The consideration of NCD issuance suggests the company may be seeking to augment its capital base or refinance existing obligations. Non-Convertible Debentures are debt instruments that do not convert into equity, offering fixed returns to investors. The final terms, including coupon rate, tenure, and quantum, will be determined upon approval by the Board and subsequent regulatory clearances.
Investors are advised to monitor further announcements regarding the outcome of the board meeting and any subsequent filings related to the NCD issue.
Historical Stock Returns for Mangal Credit & Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.42% | -4.01% | +4.06% | +56.27% | +37.45% | +70.05% |
How might the issuance of Non-Convertible Debentures impact Mangal Credit and Fincorp's debt-to-equity ratio and overall leverage metrics?
What specific strategic initiatives or expansion plans is the company likely funding with this new debt capital?
How will the proposed coupon rates for these NCDs compare to current market yields for similar credit-rated instruments?


































