Mangal Credit and Fincorp Limited — Board Meeting, 15-03-2025: Outcome of Board Meeting

Mangal Credit and Fincorp Limited has announced a board meeting outcome, approving the proposal to raise funds through the issuance of Non-Convertible Debentures (NCDs) and Green Shoe Options (GSOs) via private placement. The total amount to be raised is up to ₹25 crore, comprising ₹10 crore from 1,000 NCDs and ₹15 crore from 1,500 GSOs. The NCDs will have a maturity of 30 months with a coupon rate of 12.90% per annum, and investors will receive monthly interest payments. This strategic move aims to bolster the company's capital structure and drive future growth initiatives.