Mangal Credit & Fincorp Limited has announced the successful allotment of non-convertible debentures worth ₹30 crore through its Loans and Advance Committee meeting held on March 23, 2026. The allotment was conducted on a private placement basis in compliance with SEBI regulations and follows the company's earlier intimation dated March 5, 2026, regarding fundraising through NCDs.

Debenture Allotment Details

The company has allotted 3,000 fully paid, senior, secured, rated, listed, redeemable, taxable non-convertible debentures with specific terms and conditions:

Financial Terms and Structure

The NCDs offer competitive financial terms designed to attract investors seeking fixed-income securities. The debentures carry a coupon rate of 11.75% per annum, subject to tax deduction at source where applicable. Interest payments are scheduled on a monthly basis, providing regular income to investors throughout the 30-month tenure.

Security and Listing Arrangements

The NCDs are secured by a comprehensive charge structure to protect investor interests. The company has created a first ranking, exclusive and continuing charge on identified receivables, which must be maintained at all times equal to 120% of the aggregate outstanding principal amount. This security arrangement provides additional comfort to debenture holders.

The debentures will be listed on BSE Limited under the company's existing debt scrip code 976597, based on the in-principle listing approval dated March 25, 2025. The listing will enhance liquidity and provide investors with an exit option during the tenure.

Regulatory Compliance

The allotment has been conducted in full compliance with SEBI regulations, specifically under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive disclosures as required under the event-based disclosure requirements for securities issuance, ensuring transparency for all stakeholders.

Source: None/Company/INE545L01039/8a4d4ea2-2aaf-461a-95b0-f1cf902e3612.pdf

Mangal credit & fincorp Limited's board of directors has approved the proposal to raise funds through issuance of Non-Convertible Debentures (NCDs) worth ₹30 crore. The board meeting, held on March 5, 2026, concluded with formal approval for the capital mobilization initiative.

Board Meeting Outcome

The board meeting commenced at 4:00 PM and concluded at 4:28 PM on March 5, 2026. The directors considered and approved the fund raising proposal in compliance with regulatory requirements.

NCD Issuance Details

The approved Non-Convertible Debentures will be issued on private placement basis with specific terms and conditions. The securities are structured as secured, listed, rated, and redeemable instruments.

Security and Listing Framework

The NCDs will be secured by way of first ranking, exclusive and continuing charge over certain identified receivables of the company. A security cover of 1.20 times the value of outstanding principal plus accrued interest will be maintained until redemption.

Stock Exchange Notifications

The company has notified both BSE Limited and National Stock Exchange about the board meeting outcome in accordance with SEBI Master Circular requirements.

The board approval represents a significant milestone in the company's capital raising strategy, with the NCD issuance subject to completion of regulatory requirements within applicable timelines.

Source: Company/INE545L01039/bfa3a0f4-26a5-45ee-930b-97b58667f272.pdf