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.

Mangal Credit & Fincorp Limited has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a Corporate Agent (Composite). The license, dated April 24, 2026, was granted under the Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015, and was communicated to stock exchanges in compliance with Regulation 30 and Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

License Details

The Corporate Agent (Composite) license authorizes the company to procure or solicit insurance business in the Composite category. This regulatory approval enables Mangal Credit & Fincorp Limited to offer insurance products directly to its customers, expanding its service portfolio.

Business Impact

With this license, the company gains the capability to solicit insurance products to its customers as a Corporate Agent. The approval represents a strategic expansion of the company's business operations into the insurance distribution segment. There are no withdrawals, cancellations, or suspensions of any existing licenses, and no penalties have been imposed by the regulatory authority.

Regulatory Compliance

The intimation was submitted by Hardik Meghraj Jain, Executive Director of the company, with DIN: 07871480. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited for necessary record-keeping purposes. The disclosure was made in compliance with Regulation 30 and Regulation 51 of SEBI Listing Regulations and Para 12 of Part B of Annexure 18 to Section V-A of SEBI Master Circular.