Promoter Hardik Jain allotted 5.5 lakh convertible warrants via preferential issue
MANCREDIT · price
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Hardik Meghraj Jain, Director and Promoter of Mangal Credit and Fincorp, has been allotted 5,50,000 Convertible Equity Warrants through a preferential allotment on October 21, 2026. His existing holding was 23,77,394 shares (11.26% of voting capital). After the allotment, his total holding rises to 29,27,394 securities, which is 11.26% of voting capital and 12.40% on a fully diluted basis once warrants are converted into equity shares.
Signals promoter confidence and capital support. Existing shareholders may face dilution if warrants are converted into equity.