Mangal Credit and Fincorp Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) & (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Mangal Credit and Fincorp Limited has filed its annual compliance disclosure under Regulation 31(4) & (5) of the SEBI Takeover Regulations, 2011, for the financial year ended March 31, 2025. The disclosure, submitted on behalf of the promoters (represented by Hardik Meghraj Jain), confirms that the promoters and persons acting in concert have not created any direct or indirect encumbrance — such as a pledge, lien, or charge — on their shares in the company during the year. This is a routine yearly filing required from listed companies and is signed off by the Executive Director and CFO, Nilesh Jain. No details on shareholding percentages, pledge levels, or FII holdings are provided in this filing.
Neutral for shareholders. This is a routine annual compliance disclosure and does not indicate any change in promoter shareholding, pledge creation, or encumbrance activity. It simply confirms that promoters did not pledge or otherwise encumber their shares during the year, which removes one potential overhang on the stock.