Mangal Credit and Fincorp Limited — QIP/Rights/Pref., 03-04-2025: Allotment of Securities

Mangal Credit and Fincorp Limited has announced a board meeting on April 3, 2025, during which it approved the allotment of 2,500 fully paid, senior, secured, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹25 crore, at a discount of ₹1,475.20 per debenture. The NCDs will have a tenure of 30 months, maturing on October 3, 2027, and carry an interest rate of 12.90% per annum, paid monthly. This move strategically enhances the company’s capital structure, potentially improving liquidity and fostering investor confidence. Investors may view this as a positive outlook due to the secured nature of the debentures and attractive interest rate.