The Board has approved the raising of funds by way of creating and issuance upto 25,00,000 convertible equity warrants subject to members and other regulatories approvals.
MANCREDIT · price
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Mangal Credit and Fincorp Limited's Board has approved raising funds through issuance of up to 25 lakh fully convertible unlisted equity warrants. Each warrant entitles the holder to subscribe to one equity share of face value ₹10. The issue price will be determined per SEBI ICDR Regulations, 2018, for cash consideration. Investors include both Promoter and Non-Promoter groups. Post-conversion, Promoter holding will increase from 55.25% to 59.99%. The company also reported FY26 net profit of ₹1,530.65 lakh (up 17% from ₹1,306.76 lakh in FY25) and recommended a final dividend of ₹0.75 per share (7.5%). Total revenue for FY26 stood at ₹6,996.58 lakh.
The warrants issuance is dilutive to existing shareholders as it can increase equity base by up to 25 lakh shares. The price is set at SEBI-prescribed formula (not explicitly at discount or premium), so impact on minority shareholders depends on the final pricing. The company also raised ₹30 crore via NCDs during Q4 FY26.