Mangal Credit Allots ₹35 Crore in NCDs on Private Placement Basis
Mangal Credit and Fincorp Limited allotted ₹35 crore worth of secured, listed, rated, NCDs on September 9, 2026. The NCDs mature on August 9, 2028, with an 11.50% annual interest rate paid monthly. The issuance is secured and will be listed on BSE.
The issuance of NCDs is a standard method of fundraising for NBFCs and is unlikely to have a significant immediate impact on the company's stock or operations beyond its financing activities.
The announcement is a routine debt fundraising activity and does not contain information that significantly impacts the company's financial performance or market position in a positive or negative way.
Mangal Credit and Fincorp Limited has announced the allotment of 3,500 secured, listed, rated, taxable, transferable, redeemable, non-convertible debentures (NCDs) on a private placement basis. The total value of this issuance amounts to ₹35 crore, with each debenture having a face value of ₹1,00,000.
The Loans and Advance Committee of the company approved this allotment on September 9, 2026. This decision aligns with the board's approval on August 14, 2026, for raising funds through NCD issuance. The NCDs are secured by a first-ranking charge on identified receivables, ensuring the security coverage is at least 105% of the outstanding principal.
The NCDs have a tenure of 23 months, with the allotment date being September 9, 2026, and the maturity date set for August 9, 2028. The annual interest rate offered is 11.50%, with monthly interest payments. The in-principal approval for this issuance from BSE Limited was dated May 18, 2026. The NCDs are proposed to be listed on BSE Limited.
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 low impact, the band that almost never moves a portfolio on its own.
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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.