Mangal Credit and Fincorp Limited Receives Enhanced Credit Rating with Doubled Bank Loan Facilities

Mangal Credit and Fincorp Limited has received a significant enhancement in its credit facilities along with reaffirmed ratings from CRISIL. The financial services company announced the credit rating reaffirmation on December 31, 2025, highlighting improved access to banking facilities.

Enhanced Credit Facilities

The company has achieved a substantial increase in its total bank loan facilities, which have been enhanced from ₹200.00 crore to ₹400.00 crore. This represents a 100% increase in the company's banking credit access while maintaining the same credit rating quality.

Instrument	Rating	Amount (In Crore)
Total Bank Loan Facilities Rated	Reaffirmed CRISIL BBB Stable	₹400.00 (Enhanced from ₹200.00)
Non-Convertible Debentures	Reaffirmed CRISIL BBB Stable	₹50.00

Credit Rating Reaffirmation

CRISIL has reaffirmed the BBB Stable rating for both the company's bank loan facilities and Non-Convertible Debentures. The BBB rating indicates adequate degree of safety regarding timely servicing of financial obligations, while the Stable outlook suggests that the rating is unlikely to change in the near term.

Corporate Authorization

The credit rating reaffirmation document was officially signed by Hardik Meghraj Jain, Executive Director of the company, bearing DIN: 07871480. The document was digitally signed on December 31, 2025, providing formal authorization for the enhanced credit facilities.

Company Profile

Mangal Credit and Fincorp Limited operates from its corporate office located at 1701/1702, 17th Floor, 'A' Wing, Lotus Corporate Park, Western Express Highway, Goregaon (E), Mumbai – 400063. The company, incorporated under CIN: L65990MH1961PLC012227, continues to strengthen its financial position through enhanced credit access.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.30%	-1.66%	-6.41%	-18.95%	+4.40%	+12.23%

Mangal Credit & Fincorp Limited has successfully completed a significant financial transaction, converting 15.5 lakh warrants into equity shares. This move has resulted in a substantial capital infusion and an increase in promoter holding.

Key Highlights

Warrant Conversion: 15.5 lakh warrants converted to equity shares
Issue Price: ₹110.00 per share (face value ₹10.00, premium ₹100.00)
Capital Raised: ₹127.90 crore
Investor: Promoter Hardik Jain
Equity Capital Expansion: Company's equity capital now stands at ₹21.11 crore
Promoter Holding: Increased to 11.26%

Transaction Details

Mangal Credit & Fincorp Limited's Board of Directors approved the allotment of 15,50,000 equity shares with a face value of ₹10.00 each at an issue price of ₹110.00 per share. This conversion was executed upon receiving the balance consideration of ₹12,78,75,000, representing 75% of the issue price per warrant.

Impact on Shareholding

The transaction has significantly altered the company's shareholding structure:

Investor	Pre-Issue Shareholding	Post-Issue Shareholding
Hardik Jain	8,27,394 (4.23%)	23,77,394 (11.26%)

Capital Structure Update

Following this conversion, Mangal Credit & Fincorp's issued, subscribed, and paid-up Equity Share Capital has increased to ₹21,11,39,860, consisting of 2,11,13,986 fully paid-up Equity Shares of ₹10.00 each.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 read with Regulation 51 of SEBI (LODR) Regulations, 2015. The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the company.

This strategic move by Mangal Credit & Fincorp Limited not only strengthens its capital base but also demonstrates the promoter's confidence in the company's future prospects. The increased promoter holding may be viewed positively by the market, potentially influencing investor sentiment.