Mangal Credit Approves Q1FY27 Results, Plans ₹20 Crore NCD Issue & Capital Increase
Mangal Credit's Board approved Q1FY27 results with profit after tax at ₹569.09 crore. The company plans to raise up to ₹20 crore via NCDs and increase authorized share capital to ₹30 crore and borrowing limits to ₹1,500 crore. The 64th AGM is scheduled for September 22, 2026.
The approval of financial results, a substantial NCD issuance plan, and significant increases in authorized share capital and borrowing limits are material events that will significantly impact the company's financial structure and future operations.
The company reported positive financial results, approved a significant fundraising exercise through NCDs, and planned capital increases, all of which are positive indicators for growth and financial health.
Mangal Credit and Fincorp Limited announced the outcome of its Board Meeting held on August 6, 2026. The Board approved the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from M/s. Bhagwagar Dalal & Doshi, Chartered Accountants.
The company also approved a proposal to raise funds up to ₹20 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This issuance will be in the form of secured, listed, and rated redeemable debentures.
Further, the Board approved a proposal to increase the company's authorized share capital from ₹25 crore to ₹30 crore, subject to shareholder approval. Concurrently, an increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, was approved, from ₹750 crore to ₹1,500 crore, also requiring shareholder consent. The creation of charges and mortgages over the company's assets to secure these increased borrowings was also approved, pending shareholder approval.
The Board approved the Notice for the 64th Annual General Meeting (AGM) to be held on Tuesday, September 22, 2026, at 12:30 PM IST via video conferencing. The Annual Report for the Financial Year 2025-26, including the Directors' Report, was also approved. The Register of Members and Share Transfer Book will be closed from September 15 to September 22, 2026, for the AGM. Monday, September 14, 2026, has been fixed as the Record Date for determining eligibility for the final dividend for FY 2025-26, if approved at the AGM. The cut-off date for remote e-voting and voting during the AGM is also set as September 14, 2026.
The company's profit before tax for the quarter ended June 30, 2026, was ₹767.03 crore, with profit after tax at ₹569.09 crore. The Board meeting commenced at 2:30 PM and concluded at 5:10 PM.
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Mangal Credit and Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.