Mangal Credit Allots ₹30 Crore NCDs at 11.75% Coupon Rate
Mangal Credit and Fincorp Limited has allotted ₹30 crore worth of NCDs on March 23, 2026. The NCDs have a face value of ₹1,00,000 and were issued at ₹98,000 each. They carry an interest rate of 11.75% per annum and mature on September 23, 2028.
The fundraising through NCDs impacts the company's capital structure and liquidity. The amount raised is significant enough to have a medium-term financial effect.
The announcement details a routine debt fundraising activity by the company, which is a standard financial operation and does not inherently suggest a positive or negative outlook.
Mangal Credit and Fincorp Limited announced today, March 23, 2026, the allotment of 3,000 Secured, Listed, Rated, Taxable, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis.
Each NCD has a face value of ₹1,00,000 and was issued at a discount of ₹2,000 per debenture, priced at ₹98,000. The total issue size aggregates to ₹30,00,00,000 (Thirty Crore Rupees).
The NCDs carry a coupon interest rate of 11.75% per annum, payable monthly. The tenor of these debentures is 30 months, with a maturity date of September 23, 2028. The NCDs are secured by a charge on the company's hypothecated assets and identified receivables.
What to do with a filing like this
Mangal Credit and Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Mangal Credit and Fincorp Limited. Read the original for the full detail.