Mangal Credit And Fincorp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/03/2026 ,inter alia, to consider and approve the proposal of ....
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Mangal Credit and Fincorp Ltd has informed the stock exchanges that its Board of Directors will meet on Thursday, March 5, 2026. The main item on the agenda is to consider and approve a proposal for raising funds through the issuance of Non-Convertible Debentures (NCDs). The decision is subject to the necessary regulatory and other approvals. This is a prior intimation filed under SEBI Listing Regulations, and the company already has a listed debt scrip (code 976597) on BSE. No specific size, pricing, or use of proceeds has been disclosed yet.
If approved, the NCD issuance will increase the company's debt obligations but will not dilute existing shareholders' equity since these are non-convertible instruments. Investors should watch for follow-up announcements on the issue size, coupon rate, and end-use of funds, which will determine the actual impact on the stock and debt scrip.