Outcome of the meeting of the Debenture Committee of Mangalam Worldwide Limited ("Issuer") held today i.e. on April 16, 2026 pursuant toRegulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.
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Mangalam Worldwide Limited's Debenture Committee has approved the issuance of 5,000 senior, secured, rated, listed, redeemable, non-convertible debentures with a face value of INR 1 lakh each, aggregating to Rs. 50 crores. The debentures will be issued on a private placement basis through NSE's Electronic Book Platform, with a deemed allotment date of April 23, 2026 and maturity on April 23, 2029. The coupon rate is 10% per annum payable quarterly. The debentures are secured by pledge of equity shares held by promoter Vipin Prakash Mangal and mortgage of properties owned by Chanakya Prakash Mangal. In case of delayed payments, a penalty of 2% per annum will apply over the coupon rate.
The company is raising Rs. 50 crores through debt (NCDs) at 10% interest, which increases its financial obligations. Shareholders should note this adds to the company's debt burden with quarterly interest payments over 3 years.