Mangal Credit Allots ₹30 Crore NCDs Privately

Mangal Credit and Fincorp Limited allotted 3,000 NCDs aggregating ₹30 crore on private placement basis on March 23, 2026.
NCDs carry a coupon of 11.75% p.a. with monthly interest payments and mature on September 23, 2028 (30-month tenor).
Securities issued at a discount of ₹2,000 per debenture (issue price ₹98,000 vs. face value ₹1,00,000), secured by first-ranking charge on receivables at 1.20x of outstanding principal.
Disclosure made under Regulation 30 and Regulation 51 of SEBI LODR, 2015; NCDs proposed to be listed on BSE Limited.