Mangalam Worldwide Limited has informed the Exchange regarding Board meeting held on today i.e. February 24, 2026, has approved the issuance Non-Convertible Debentures (NCDs) up to Rs. 100,00,00,000/- (Rupees One Hundred Crore Only) on a private placement basis, Constitution of Debenture committee to determine the Terms & Condition of the issuance of NCD and other agenda as decided by the board of directors of the company.
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Mangalam Worldwide Limited's Board, at its meeting on February 24, 2026, approved the issuance of Non-Convertible Debentures (NCDs) up to Rs. 100 crore on a private placement basis, to be done in one or more tranches. The NCDs can be secured or unsecured, rated or unrated, listed or unlisted, and redeemable in nature. A dedicated 'Debentures Committee' has been constituted to finalise the detailed terms, including coupon/interest rate, tenure, listing exchange, security/charge, and redemption schedule. Key specifics like interest rate, maturity period, and whether the NCDs will be listed are yet to be decided by this committee.
The company is raising up to Rs. 100 crore through debt rather than equity, which avoids equity dilution for existing shareholders. However, this adds to the company's debt obligations and interest burden. The terms (interest rate, security) when finalised will determine the actual cost and risk for the company.