Mangal Credit and Fincorp Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
MANCREDIT · price
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Mangal Credit and Fincorp Limited held its board meeting on 15th May 2025 and approved the audited financial results for Q4 and full financial year ended 31st March 2025. The NBFC reported profit after tax of Rs. 130.67 lakhs for FY25, up from Rs. 105.46 lakhs in FY24, with EPS rising to Rs. 6.68 from Rs. 5.45. Total revenue from operations grew to Rs. 495.77 lakhs from Rs. 331.95 lakhs, and the loan book expanded to Rs. 291.65 crore from Rs. 226.33 crore. The board recommended a final dividend of Rs. 0.75 per share (7.5%) subject to shareholder approval. Additionally, Mr. Chirag Narendra Parmar was appointed as the new Company Secretary and Compliance Officer effective 7th June 2025, and M/s. Anand R. Chandak & Company was appointed as the Internal Auditor for FY 2025-26. The statutory auditor (Bhagwagar Dalal & Doshi) issued an unmodified opinion on the financials.
This is a routine quarterly update with positive signals — improving profitability, a healthy dividend declaration, and an unmodified audit opinion. The new Company Secretary and Internal Auditor appointments are routine governance changes and unlikely to impact the stock price significantly. Shareholders will benefit from the 7.5% final dividend if approved at the AGM.