Mangal Credit And Fincorp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Addendum to Prior ....
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Mangal Credit and Fincorp Ltd has filed an addendum to its previously announced Board Meeting scheduled for May 28, 2026. While the original meeting was to consider audited financial results for Q4 and FY2026 and final dividend recommendation, the board 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 issuance would be subject to shareholder approval at a General Meeting. The filing was made on May 21, 2026, under SEBI Listing Regulations.
The preferential issuance of equity shares or convertible warrants could dilute existing shareholder holdings. The purpose and terms of the capital raise are yet to be disclosed, so investors should monitor for further details regarding use of proceeds and pricing.