Mangal Credit Recommends Final Dividend of ₹0.75/share, Approves Fund Raising via Warrants
Mangal Credit and Fincorp Limited's Board approved financial results for FY26. A final dividend of ₹0.75 per share is recommended, pending shareholder approval at the AGM. The company will also issue up to 25 lakh equity warrants on a preferential basis to raise funds. M/s Anand R. Chandak & Company appointed as Internal Auditors.
The dividend payout is a direct benefit to shareholders. The equity warrants issuance could lead to dilution but also provides capital for growth, impacting the company's financial structure and future prospects.
The recommendation of a final dividend and the approval of fund-raising through equity warrants are positive developments for the company and its shareholders.
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.
The company recommended a final dividend of ₹0.75 per equity share (7.5%) for the financial year ended March 31, 2026, subject to shareholder approval at the Annual General Meeting (AGM).
In addition, the board approved the creation and issuance of up to 25,00,000 (Twenty-Five Lakh) fully convertible unlisted equity warrants on a preferential basis. These warrants carry a right to subscribe to one equity share of face value ₹10 each. The issue price will be determined in accordance with SEBI regulations, subject to member and other necessary approvals.
The company also appointed M/s Anand R. Chandak & Company, Chartered Accountants, as the Internal Auditors for the Financial Year 2026-27.
The board meeting commenced at 2:15 p.m. and concluded at 6:30 p.m. The trading window for dealing in the company's securities will open 48 hours after the results are made public on Saturday, May 30, 2026.
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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.