Mangal Credit and Fincorp Limited has informed the Exchange about Addendum to Prior Intimation of the Board Meeting scheduled to be held on May 28, 2026
MANCREDIT · price
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Mangal Credit and Fincorp Limited has filed an addendum to its earlier board meeting intimation. The board meeting on May 28, 2026, which was originally called to approve audited financial results for Q4 and FY ended March 2026 and consider final dividend, will now also evaluate a fund-raising proposal. The company plans to raise capital by issuing equity shares and/or convertible warrants on a preferential basis. This fundraising is subject to shareholder approval at a General Meeting. The scrip codes are 505850 on BSE and MANCREDIT on NSE.
Preferential issuance of equity or convertible warrants will dilute existing shareholder stakes. Investors should watch for the size and pricing of the proposed issue, as this could impact the stock's near-term performance depending on how the market perceives the fund utilisation.