NSEGeneral Updates23 Jun 2026 · 23 Jun 2026, 12:14 pm
General Updates
Mangal Credit and Fincorp Limited · MANCREDIT
✦ AI Summary▲ PositiveFundraise
Mangal Credit and Fincorp Limited has successfully allotted 2,000 secured, listed, rated, taxable Non-Convertible Debentures (NCDs) on a private placement basis. This fundraise aggregates to INR 20 crore, with each NCD having a face value of INR 1,00,000 and issued at a discount. The NCDs carry an annual interest rate of 11.75%, payable monthly, and have a tenure of 27 months, maturing on September 23, 2028. The funds, secured by a charge on identified receivables, will enhance the company's financial resources for operational growth.
Analysis Scores
Earnings Impact7/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Allotment of 2,000 Non-Convertible Debentures on Private Placement basis.
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MCFL_23062026121352_Outcome.pdf
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Date: June 23, 2026
To, To,
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Bandra-Kurla Complex,
Dalal Street, Fort, Mumbai-400001. Bandra (East), Mumbai: 400051.
Scrip Code: 505850 Scrip Symbol : MANCREDIT
Debt Scrip Code: 976597, 977659, 977808
Dear Sir/Madam,
Sub: Intimation under Regulation 30 and Regulation 51 of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 – Allotment of Secured, Listed,
Rated, Taxable, Transferable Redeemable, Non-Convertible Debentures.
This is with reference to the provisions of Regulation 30 and Regulation 51 read with Para A
of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements),
Regulations, 2015, and the approval conferred by the Board of Directors at its meeting held
on May 7, 2026, for raising of funds through issuance of Non-Convertible Debentures
(“NCDs”) on Private Placement basis, we wish to inform that the Loans and Advance
Committee (“ the Committee”) at its meeting held today i.e. June 23, 2026, approved the
allotment of 2,000 (Two Thousand) fully paid, senior, secured, rated, listed, redeemable,
taxable non-convertible debentures, each having a face value of INR 1,00,000/- (Indian Rupees
One Lakh Only), issued at a discount of INR 2,000/- (Indian Rupees Two Thousand only)
each, aggregating to INR 20,00,00,000 (Indian Rupees Twenty Crore only) on a Private
Placement basis in terms of the in-principal approval of BSE Limited dated May 18, 2026.
The NCDs have been allotted by the Company on the following terms and conditions and the
details as required under Regulation 30 of the Listing Regulations read with disclosures
requirement stipulated in Section V-A of event based disclosures related to Issuance of
Securities under SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 updated as on January 30, 2026, amended from time to time, are given
below:
Sr. Particulars Details
1. Type of Securities Secured, Listed, Rated, Taxable, Transferable
proposed to be issued Redeemable, Non-Convertible Debentures having a
Face Value of INR 1,00,000 (Indian Rupees One Lakhs
Only) each (“NCDs”).
2. Type of Issuance (further Issuance of NCD on Private Placement basis.
public offering, rights
issue, depository receipts
(ADR/GDR), qualified
1701/ 1702, 17TH Floor, ‘A’ Wing, Lotus Corporate Park, Western Express Highway,
Goregaon (E), Mumbai – 400 063, CIN: L65990MH1961PLC012227
Tel: 22-42461300, Website: www.mangalfincorp.com info@mangalfincorp.com
institutions placement,
preferential allotment etc.)
3. Total Number of Securities Allotment of 2,000 (Two Thousand) NCDs
proposed to be issued or
the total amount for which
the securities will be
issued (approximately)
4. Size of Issue 2,000 (Two Thousand) NCDs having a Face Value of
INR 1,00,000 (Indian Rupees One Lakhs Only) each,
aggregating to INR 20,00,00,000 (Indian Rupees
Twenty Crore Only).
5. Proposed to be Listed Yes
6. Name of Stock Exchange(s) To be Listed on BSE Limited
7. Tenure of the Instrument- Tenor – 27 months (Reissuance under the existing
Date of Allotment and ISIN INE545L07044 having tenor of 30 Months)
Date of Maturity
Date of allotment : June 23, 2026
Date of Maturity: September 23, 2028
8. Coupon/Interest offered 11.75% p.a. (subject to deduction of tax at source, as
applicable)
9. Schedule of payment of Schedule interest payment : Monthly
Coupon/Interest and
Principal
10. Charge / security, if any, Secured by way of a first ranking, exclusive and
created over the assets continuing charge on identified receivables which
shall be at all times equal to 1.20 times or 120% of
aggregate amount of principal outstanding.
11. Special right/ interest/ None
privileges attached to the
instrument and changes
thereof.
12. Delay in payment of Not Applicable
interest/principal amount
for a period of more than
three months
From due date or default in
payment of interest /
Principal.
1701/ 1702, 17TH Floor, ‘A’ Wing, Lotus Corporate Park, Western Express Highway,
Goregaon (E), Mumbai – 400 063, CIN: L65990MH1961PLC012227
Tel: 22-42461300, Website: www.mangalfincorp.com info@mangalfincorp.com
13. Details of any letter or Not Applicable
comments regarding
payment/non-payment of
interest, principal on
due dates, or any other
matter concerning the
security and /or the assets
along with its comments
thereon, if any
14. Details of redemption of As specified in Sr.No.9 of this table.
preference shares
indicating the manner of
redemption (whether out
of profits or out of fresh
issue) and debentures
You are requested to take the above information on record.
Thanking you,
Yours faithfully,
For Mangal Credit and Fincorp Limited
Hardik Meghraj Jain
Executive Director
DIN: 07871480
1701/ 1702, 17TH Floor, ‘A’ Wing, Lotus Corporate Park, Western Express Highway,
Goregaon (E), Mumbai – 400 063, CIN: L65990MH1961PLC012227
Tel: 22-42461300, Website: www.mangalfincorp.com info@mangalfincorp.com