Mangalam Worldwide Approves Allotment of 50,000 Debentures Worth ₹50 Crore
Mangalam Worldwide Limited's Debenture Committee approved the allotment of 50,000 non-convertible debentures worth ₹50 crore. The debentures carry a 9.75% annual interest, payable quarterly, and mature on March 17, 2029. The issuance is on a private placement basis and will be listed on the NSE.
The fundraising of ₹50 crore via debentures is a significant financial event for the company, impacting its capital structure and debt obligations.
The company successfully raised debt through the issuance of non-convertible debentures, indicating financial activity and potential for growth or operational funding.
Mangalam Worldwide Limited announced the outcome of its Debenture Committee meeting held on March 17, 2026. The committee approved the allotment of 50,000 rated, listed, senior, secured, transferable, redeemable, non-convertible debentures.
Each debenture has a face value of ₹10,000, aggregating to a total issuance of ₹50,00,00,000 (Rupees Fifty Crore only). This issuance is being made on a private placement basis in compliance with SEBI regulations. The debentures carry an annual coupon interest of 9.75%, payable quarterly, and are secured by a mortgage over certain assets, hypothecation of plant and machinery, and a pledge over promoter shares.
The debentures have a tenure of 36 months from the deemed date of allotment, March 17, 2026, with a maturity date of March 17, 2029. They are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market of the National Stock Exchange of India Limited. The meeting concluded at 11:20 AM.
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Mangalam Worldwide 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.
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See the model portfoliosA plain-language summary of a public exchange filing by Mangalam Worldwide Limited. Read the original for the full detail.