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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Mangal Credit and Fincorp Limited has submitted to BSE and NSE the annual disclosure required under SEBI's Takeover Regulations for the financial year ended March 31, 2026. The declaration, signed by promoter Meghraj Sohanlal Jain on behalf of the entire promoter group and persons acting in concert, confirms that no direct or indirect encumbrance (such as pledging or hypothecation) has been created on the shares held by them in the company during the year. The promoter group includes 9 entities spanning individuals, an HUF, and two private limited companies, with PAN details enclosed for record.
This is a routine positive compliance filing. The absence of any pledge or encumbrance on promoter shares signals that the promoters have not used their holdings as collateral for loans, which is generally viewed favorably by retail investors as it reduces the risk of forced selling. No material impact on the stock price is expected from this disclosure itself.