Mangal Credit and Fincorp Limited has informed the Exchange regarding Proceedings of the 63rd Annual General Meeting held on September 25, 2025

Mangal Credit and Fincorp Limited held its 63rd AGM on September 25, 2025, via video conferencing from 12:30 PM to 1:15 PM. Key items approved or proposed included adoption of audited financial statements for FY25, declaration of a final dividend of ₹0.75 per equity share (face value ₹10), and reappointment of CMD Mr. Meghraj Sohanlal Jain as a director retiring by rotation. Shareholders were also asked to approve material related party transactions: a loan of up to ₹70 crore from Mr. Meghraj Sohanlal Jain and up to ₹30 crore from Mr. Hardik Jain for FY 2025-26. Other special business included reappointment of Mr. Sriram Sankaranarayanan as Independent Director for a second 5-year term, a revision in CFO Mr. Nilesh Jain's remuneration from ₹24 lakh to ₹36 lakh per annum effective April 1, 2025, and appointment of Vijay S. Tiwari & Associates as Secretarial Auditor for five years (FY26–FY30). The Articles of Association were also proposed to be altered to allow debenture trustees to nominate a director in case of payment default. The Chairman highlighted the inauguration of a school in Shishoda, Rajasthan as a CSR initiative. Statutory and Secretarial Audit reports had no qualifications or adverse remarks. E-voting results will be announced within two working days.