Mangal Credit and Fincorp Limited has informed the Exchange regarding Appointment of M/S. Anand R. Chandak & Company as Internal Auditor of the company w.e.f. May 15, 2025 for the Financial Year 2025-26.
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Awaiting price reaction for this filing.
Mangal Credit and Fincorp, an NBFC, reported its FY25 audited financial results showing total revenue from operations rising to Rs. 49.53 crore from Rs. 33.20 crore in FY24, a strong ~49% jump. Profit for the year grew to Rs. 13.07 crore (vs Rs. 10.55 crore), with EPS at Rs. 6.68 (vs Rs. 5.45). The board recommended a final dividend of Rs. 0.75 per share (7.5% on face value of Rs. 10), subject to shareholder approval. The board also appointed M/s. Anand R. Chandak & Company as Internal Auditor for FY26 and Mr. Chirag Narendra Parmar as Company Secretary effective June 7, 2025. Statutory auditors Bhagwagar Dalal & Doshi issued an unmodified opinion on the results.
Strong revenue and profit growth with a steady dividend is positive for shareholders. The appointments of a new internal auditor and company secretary are routine governance matters and unlikely to move the stock; focus remains on the strong earnings print and improving loan book.