Mangal Credit AGM Results: All 9 Resolutions Passed, Dividend of Rs 0.75 Approved
MANCREDIT · price
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Mangal Credit and Fincorp held its 64th AGM on September 22, 2026. All 9 resolutions passed with near-unanimous support. Key items: final dividend of Rs. 0.75 per share for FY ending March 31, 2026; audited financials adopted; reappointment of Mr. Hardik Meghraj Jain; related party loans of Rs. 250 Crore (Meghraj Sohanlal Jain) and Rs. 50 Crore (Hardik Meghraj Jain); authorised share capital raised from Rs. 25 Crore to Rs. 30 Crore; up to 25 lakh convertible warrants on preferential basis; borrowing limit doubled from Rs. 750 Crore to Rs. 1,500 Crore.
Shareholders approved Rs. 0.75 per share dividend. Company cleared to borrow up to Rs. 1,500 Crore, raise equity via warrants, and enter large related party loans signalling expansion.