Mangal Credit and Fincorp Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Rs. 0.75 per equity share subject to members approval.
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Mangal Credit and Fincorp Limited, a registered NBFC, reported strong FY26 results with total revenue of Rs 69.99 crore, up 41% from Rs 49.58 crore in FY25. Net profit rose 17% to Rs 15.31 crore with EPS of Rs 7.46. The Board recommended a final dividend of Rs 0.75 per share (7.5% on face value Rs 10) for shareholder approval at the AGM. Additionally, the company plans to issue up to 25 lakh fully convertible unlisted equity warrants on preferential basis, which would increase promoter holding from 55.25% to approximately 60% upon full conversion. The company also issued 3,000 secured NCDs worth Rs 30 crore during Q4 FY26. Asset quality remained stable with GNPA at 1.29% and provision coverage at 82.64%.
The dividend recommendation signals stable cash flows and profitability growth, though the absolute amount of Rs 0.75 per share is modest. The proposed warrant issuance could lead to shareholder dilution once converted, potentially impacting existing shareholders' stake.