Mangal Credit Reports Q1 FY26 Results; Board Approves Director Re-appointment, Auditor Appointment, and AGM
The announcement includes the company's financial performance, which is a key driver for investor decisions. Additionally, the re-appointment of an independent director, appointment of a secretarial auditor, and details of the Annual General Meeting, along with the successful raising and utilization of funds via NCDs, are significant corporate actions impacting governance and future growth prospects.
The company reported an increase in revenue quarter-on-quarter and year-on-year. While profit for the period increased sequentially, it declined compared to the same quarter last year. The issuance of non-convertible debentures for onward lending is a positive business development, balancing the mixed financial performance.
Mangal Credit and Fincorp Limited's Board of Directors met on 5th August, 2025, to approve several key items: * Unaudited Financial Results for the quarter ended 30th June, 2025: * Total Revenue from Operations stood at ₹14.47 crore (₹1,447.22 lakhs). * Profit for the period was ₹2.99 crore (₹299.94 lakhs). * Basic Earnings Per Share (EPS) was ₹1.53. * Compared to the previous quarter (31st March, 2025), revenue increased from ₹13.36 crore and profit increased from ₹2.61 crore. However, compared to the same quarter last year (30th June, 2024), revenue increased from ₹11.87 crore, but profit decreased from ₹3.74 crore. * The company's Net Profit Margin was 20.73%. Gross Non-Performing Advances (GNPA) stood at 1.40% and Net Non-Performing Advances (NNPA) at 0.76%, with an Overall Provision Coverage Ratio of 80.02%. * The company successfully raised and utilized ₹25 crore (₹2,500 lakhs) through the issuance of fully paid, senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCDs) on 3rd April, 2025. These funds were fully utilized for onward lending purposes, with no deviation from the stated objectives. * Approved the re-appointment of Mr. Sriram Sankaranarayanan as an Independent Director for a second term of five years, from 11th November, 2025, to 10th November, 2030, subject to approval at the ensuing Annual General Meeting (AGM). * Approved the appointment of Vijay S. Tiwari & Associates as Secretarial Auditor for five consecutive years commencing from Financial Year 2025-26, subject to AGM approval. * Approved the Notice for the 63rd Annual General Meeting for the Financial Year 2024-25, scheduled for Thursday, 25th September, 2025, at 12:30 P.M. (IST) via Video Conferencing/Other Audio-Visual Means. * Fixed the Record Date for determining members eligible for dividend for FY 2024-25 as Wednesday, 17th September, 2025, and the Register of Members and Share Transfer Book will remain closed from 18th September, 2025, to 25th September, 2025 (both days inclusive).
What to do with a filing like this
Mangal Credit and Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under results. 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.