Promoter Meghraj Jain allotted 2 lakh convertible warrants via preferential issue
MANCREDIT · price
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Promoter and MD Meghraj Sohanlal Jain was allotted 2,00,000 convertible equity warrants of Mangal Credit and Fincorp via preferential issue on October 21, 2026. His pre-existing holding was 47,86,565 shares (22.67 percent). Post-allotment, his total holding rises to 49,86,565 shares and warrants, representing 22.67 percent of paid-up capital and 21.12 percent on a diluted basis. No shares were sold and the allotment was through preferential route.
Promoter increasing stake signals confidence in the company. Conversion of warrants will add 0.85 percent equity dilution with no immediate impact on capital.