Mangal Credit allots Secured, Listed, Rated, Taxable, Redeemable, Non-Convertible Debentures
Mangal Credit allots 1,000 NCDs aggregating to ₹10 Crore on private placement basis, with a face value of ₹1,00,000 each, maturity date of October 3, 2027 and interest rate of 12.90% p.a.
The debt fundraising will likely have a moderate impact on the company's financials and operations.
The announcement details a successful debt fundraising activity, which is generally perceived positively.
* Mangal Credit and Fincorp Limited announced the allotment of 1,000 fully paid, senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCDs). * Each NCD has a face value of ₹1,00,000. * The issue price is ₹99,752.60 per debenture, with an interest discount of ₹247.40 per debenture. * The total issue size aggregates to ₹10 Crore on a private placement basis. * The NCDs were allotted based on the in-principal listing approval from BSE Limited dated March 25, 2025. * The NCDs have a tenure of 1 year, 10 months, and 7 days. * Date of Allotment: November 26, 2025 * Date of Maturity: October 3, 2027 * Coupon/Interest offered: 12.90% p.a., subject to tax deduction. * Interest payment schedule: Monthly. * Principal repayment schedule: * 25% Repayment at the end of 21 Month from the date of first tranche of allotment i.e. 3rd April, 2027; * 25% Repayment at the end of 24 Month from the date of first tranche of allotment i.e. 3rd April, 2027; * 25% Repayment at the end of 27 Month from the date of first tranche of allotment i.e. 3rd April, 2027; * 25% Repayment at the end of 30 Month from the date of first tranche of allotment i.e. 3rd April, 2027. * The NCDs are secured by a charge on the Hypothecated Assets of the Company.
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.