Mangalam Worldwide Limited has informed the Exchange regarding Outcome of the meeting of the Debenture Committee of the Board of Directors held on March 17, 2026.
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Mangalam Worldwide Limited's Debenture Committee approved the allotment of 50,000 rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) on March 17, 2026. Each debenture has a face value of Rs. 10,000, aggregating to Rs. 50 crore, issued via private placement through the electronic book platform. The NCDs carry a coupon of 9.75% per annum, payable quarterly, with a 36-month tenure maturing on March 17, 2029. The issuance is secured by a mortgage on company assets, hypothecation of plant and machinery of Mangalam Saarloh Private Limited, and a pledge of promoter-held equity shares. The debentures will be listed on NSE's New Debt Market under the Negotiated Trade Reporting Platform.
The company has raised Rs. 50 crore of fresh debt, expanding its leverage and adding fixed quarterly interest obligations. Shareholders should note higher interest costs and the pledge of promoter shares as collateral, though the funds may support business growth or refinancing needs.