Latest news about Mangal Credit & Fincorp
Mangal Credit & Fincorp
167.57
-0.48(-0.29%)
Company Performance:
View Company Insights1D-0.29%
1M-0.91%
6M-5.05%
1Y-1.51%
5Y+15.34%
More news about Mangal Credit & Fincorp
15Apr 26
Mangal Credit & Fincorp Confirms Non-Applicability of SEBI Large Corporate Framework
Mangal Credit & Fincorp Limited has disclosed to stock exchanges that it does not qualify as a Large Corporate under SEBI's framework as of March 31, 2026. The company reported outstanding borrowings of ₹332.73 crores and maintains a BBB Stable credit rating from CRISIL Limited. As a result, the company is exempt from initial and annual disclosure requirements mandated under the SEBI circular for Large Corporates.
08Apr 26
Mangal Credit & Fincorp Limited Opens New Branch in Bhilwara, Rajasthan
Mangal Credit & Fincorp Limited announced the opening of its new Bhilwara branch in Rajasthan, scheduled for inauguration on April 8, 2026. The branch will be located at Shop no. G-10, 11 Ground Floor, Prem Bhavan, 14-B, Gandhi Nagar, Pur Road, Bhilwara, Rajasthan- 311001. The company has informed BSE and NSE about this expansion in compliance with SEBI Listing Regulations, demonstrating its commitment to regulatory transparency and business growth.
07Apr 26
Mangal Credit & Fincorp Limited Submits SEBI Compliance Certificate for Q4FY26
Mangal Credit & Fincorp Limited submitted its SEBI compliance certificate under Regulation 74(5) for Q4FY26 on April 7, 2026. The certificate, issued by registrar MUFG Intime India Private Limited on April 3, 2026, confirms proper handling of dematerialisation processes and adherence to depositories regulations. Executive Director Hardik Meghraj Jain signed the filing for both BSE and NSE, ensuring timely regulatory compliance for the quarter ended March 31, 2026.
23Mar 26
Mangal Credit & Fincorp Allots ₹30 Crore Non-Convertible Debentures on Private Placement
Mangal Credit & Fincorp Limited successfully allotted 3,000 non-convertible debentures worth ₹30,00,00,000 on private placement basis on March 23, 2026. The NCDs carry a face value of ₹1,00,000 each, issued at ₹98,000 with a discount of ₹2,000 per debenture. The securities offer 11.75% annual coupon with monthly interest payments and 30-month tenure, maturing September 23, 2028. The NCDs are secured by first ranking charge on receivables at 120% coverage and will be listed on BSE Limited.
05Mar 26
Mangal Credit & Fincorp Approves ₹30 Crore NCD Issuance at 11.75% Coupon Rate
Mangal Credit & Fincorp Limited's board meeting on March 5, 2026, resulted in approval of ₹30 crore Non-Convertible Debentures issuance on private placement basis. The NCDs carry 11.75% per annum coupon rate with monthly interest payments, 30-month tenure, and bullet principal repayment on maturity in September 2028.
10Feb 26
Mangal Credit & Fincorp Reports 34% Revenue Growth in Q3FY26, Submits Results
Mangal Credit & Fincorp Limited delivered impressive Q3FY26 financial performance with revenue growing 34% to ₹1,833.63 lakhs and profit after tax of ₹383.43 lakhs. The company completed regulatory compliance by submitting newspaper clippings of its unaudited results to BSE and NSE on February 10, 2026, with publications in News Hub and Pratahkal Marathi including QR codes for complete financial information access.
15Jan 26
Mangal Credit & Fincorp Limited Opens New Branch in Chittorgarh, Rajasthan
Mangal Credit & Fincorp Limited announced the opening of its new Chittorgarh branch in Rajasthan on January 16, 2026. The branch is located at 11A, Ground Floor, Near Dungar Palace, Bapu Nagar, Sonthi, Chittorgarh - 312001. The company filed the regulatory intimation under SEBI Listing Regulations with both BSE and NSE, signed by Executive Director Hardik Meghraj Jain.
31Dec 25
Mangal Credit and Fincorp Limited Receives Enhanced Credit Rating with Doubled Bank Loan Facilities
Mangal Credit and Fincorp Limited has received enhanced credit facilities with total bank loan facilities increased from ₹200.00 crore to ₹400.00 crore while maintaining CRISIL BBB Stable rating. The company's Non-Convertible Debentures worth ₹50.00 crore have also been reaffirmed with the same rating. The credit rating document was signed by Executive Director Hardik Meghraj Jain on December 31, 2025.
19Aug 25
Mangal Credit Boosts Equity Capital by ₹127.9 Crore Through Warrant Conversion
Mangal Credit & Fincorp Limited has converted 15.5 lakh warrants into equity shares at ₹110 per share, raising ₹127.90 crore. The transaction increased the company's equity capital to ₹21.11 crore and elevated promoter Hardik Jain's holding to 11.26%. This move expands the company's capital base and potentially signals strong promoter confidence in its future prospects.
05Aug 25
Mangal Credit & Fincorp Reports Q1 Results, Approves Key Board Appointments
Mangal Credit & Fincorp Limited announced Q1 financial results with total revenue from operations increasing 21.9% to Rs 1,447.22 lakhs. However, net profit decreased to Rs 299.94 lakhs from Rs 374.70 lakhs year-over-year due to higher expenses. The company's Board made key decisions including reappointment of an Independent Director, appointment of a Secretarial Auditor, scheduling of AGM, and setting a dividend record date. The company also issued NCDs worth Rs 2,500 lakhs during the quarter.
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