Mangal Credit and Fincorp Limited has informed the Exchange regarding Change in Auditors of the company.
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The board approved unaudited Q1 FY26 results (quarter ended June 30, 2025) with profit after tax of ₹299.94 lakhs (down from ₹374.70 lakhs in Q1 FY25) on total revenue of ₹1,447.22 lakhs and basic EPS of ₹1.53. The board re-appointed Mr. Sriram Sankaranarayanan as Independent Director for a second 5-year term from November 11, 2025, and appointed Vijay S. Tiwari & Associates as Secretarial Auditor for five years starting FY 2025-26. The 63rd AGM is scheduled for September 25, 2025, with September 17, 2025 fixed as the record date for dividend eligibility. During the quarter, the company raised ₹25 crore via privately placed, secured, listed NCDs on BSE, fully utilised for onward lending and general corporate purposes. Existing statutory auditors Bhagwagar Dalal & Doshi continue in their role and issued an unmodified limited review report.
Revenue is growing year-on-year, but Q1 profit declined notably versus Q1 FY25, which shareholders may view cautiously even as asset quality stays healthy (GNPA 1.40%). The fresh NCD raise and unchanged statutory auditors signal continuity, while the dividend record date gives investors something to watch at the September AGM.