Mangal Credit Declares ₹0.75 Dividend, Approves Fund Raise via Warrants
Mangal Credit and Fincorp Limited approved financial results for FY26, recommending a final dividend of ₹0.75 per share. The company also approved raising funds via 25 lakh equity warrants on a preferential basis and appointed new internal auditors. The trading window will reopen on May 30, 2026.
The dividend payout is a direct benefit to shareholders. The fund-raising via warrants can strengthen the company's financial position, impacting its future operations and growth potential.
The recommendation of a dividend and the approval of fund-raising through warrants are positive developments for the company.
Mangal Credit and Fincorp Limited announced the outcome of its Board of Directors meeting held on May 28, 2026. The board approved the financial results for the quarter and financial year ended March 31, 2026, taking note of the audit report from M/s. Bhagwagar Dalal & Doshi, Chartered Accountants.
The company recommended a final dividend of ₹0.75 (7.5%) per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the appointment of M/s Anand R. Chandak & Company as the Internal Auditors for the Financial Year 2026-27.
Furthermore, the company approved the raising of funds by creating and issuing up to 25,00,000 fully convertible unlisted equity warrants on a preferential basis. This issuance is subject to member and other necessary approvals. The trading window for dealing in the company's securities will open after 48 hours of the results being made public on Saturday, May 30, 2026.
The Board meeting commenced at 2:15 p.m. and concluded at 6:30 p.m. The financial results include revenue from operations of ₹2,130.10 crore for the quarter ended March 31, 2026, and ₹6,990.08 crore for the full financial year. Profit after tax for the quarter was ₹547.83 crore, and for the financial year, it was ₹1,530.65 crore. The company also disclosed information regarding the utilization of issue proceeds for Non-Convertible Debentures and the nature of security created.
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Mangal Credit and Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.