64th AGM: Dividend of Rs 0.75 per share, 25 lakh warrants, borrowing limit hike to Rs 1,500 cr
MANCREDIT · price
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Mangal Credit and Fincorp held its 64th AGM on September 22, 2026 via video conferencing. Items: final dividend of Rs 0.75 per share; re-appointment of Mr. Hardik Meghraj Jain; authorised capital hike from Rs 25 cr to Rs 30 cr; up to 25 lakh convertible warrants on preferential basis; borrowing limit hike from Rs 750 cr to Rs 1,500 cr; and material related party loans of Rs 250 cr (CMD) and Rs 50 cr (ED). Chairman noted new IRDAI Corporate Agent registration. No audit qualifications.
Proposed Rs 0.75 dividend rewards shareholders. Capital, warrant and borrowing hikes support growth but may dilute equity and increase related-party exposure.