Mangal Credit And Fincorp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/06/2025 ,inter alia, to consider and approve the proposal of fund ....
MANCREDIT · price
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Mangal Credit and Fincorp Ltd has informed BSE and NSE that its Board of Directors will meet on Tuesday, 24th June 2025. The key item on the agenda is to consider and approve a proposal for raising funds through a debt issue in the form of debentures, subject to necessary approvals. The company is an NBFC registered with CIN L65990MH1961PLC012227. This is a prior intimation under SEBI Listing Regulations, meaning no decision has been taken yet — only that the Board will evaluate the proposal.
If approved, the company will take on additional debt, which could expand its lending capacity but also increase leverage. There is no immediate equity dilution, so existing shareholders are not directly affected at this stage, though post-board details on size, tenure, and pricing of the debenture issue will matter.