Mangal Credit and Fincorp Limited has informed the Exchange regarding Change in Director(s) of the company.
MANCREDIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangal Credit and Fincorp's board, at its meeting on 5th August 2025, approved unaudited Q1 FY26 results (quarter ended 30 June 2025) along with several governance and compliance items. Total revenue from operations rose to ₹1,447.22 lakhs (up from ₹1,187.17 lakhs in Q1 FY25), but profit after tax fell to ₹299.94 lakhs from ₹374.70 lakhs, and EPS dipped to ₹1.53 from ₹1.92. Asset quality remained healthy with GNPA at 1.40% and NNPA at 0.76%, and debt-equity ratio stood at 1.51. The board re-appointed Mr. Sriram Sankaranarayanan (DIN: 00146563) as an Independent Director for a second 5-year term (11 Nov 2025 to 10 Nov 2030), subject to shareholder approval. It also appointed Vijay S. Tiwari & Associates as Secretarial Auditor for five years from FY 2025-26, approved the 63rd AGM notice for 25 September 2025, and confirmed the record date of 17 September 2025 for dividend entitlement.
Q1 shows healthy revenue growth but a notable YoY drop in profitability, which investors may view cautiously. The director re-appointment is routine and provides board continuity, while the new secretarial auditor adds a fresh compliance lens. No material corporate action or negative governance signal is triggered by this filing.