Event Details

The Board of Directors of Mangal Credit and Fincorp Limited, via a resolution passed through circulation on October 19, 2026, approved the allotment of 25,00,000 (Twenty Five Lakh) Convertible Equity Warrants on a preferential basis.

Key Quantitative Figures

  • Total Warrants Allotted: 25,00,000
  • Issue Price per Warrant: ₹247 (comprising a face value of ₹10 and a premium of ₹237)
  • Total Consideration: ₹61,75,00,000
  • Upfront Payment Received (25%): ₹15,43,75,000

Allottee Details

The warrants were allotted to the following six persons:

| Sr. No. | Allottee Name | Number of Warrants | Category | Total Consideration (₹) | Upfront 25% Paid (₹) |

| 1 | Mr. Meghraj Sohanlal Jain | 2,00,000 | Promoter | 4,94,00,000 | 1,23,50,000 |

| 2 | Mr. Hardik Meghraj Jain | 5,50,000 | Promoter | 13,58,50,000 | 3,39,62,500 |

| 3 | Ms. Seema Ajit Jain | 5,50,000 | Promoter | 13,58,50,000 | 3,39,62,500 |

| 4 | Ms. Indra Meghraj Jain | 5,50,000 | Promoter | 13,58,50,000 | 3,39,62,500 |

| 5 | Ms. Ritu Jain | 5,50,000 | Promoter | 13,58,50,000 | 3,39,62,500 |

| 6 | Ms. Disha Jagdish Jain | 1,00,000 | Non-Promoter | 2,47,00,000 | 61,75,000 |

Regulatory Approvals

The allotment was made in accordance with:

  • Approval from shareholders at the 64th Annual General Meeting held on September 22, 2026
  • 'In-Principle Approval' granted by BSE Limited and National Stock Exchange of India Limited vide their respective letters dated October 6, 2026
  • Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Warrant Terms and Conditions

  • Each warrant carries a right exercisable by the holder to subscribe to one Equity Share of face value ₹10.
  • The warrants have a validity of 18 months from the date of allotment (October 19, 2026).
  • Disclosure regarding conversion of warrants or lapse of tenure will be made to the exchange upon occurrence.

Financial and Capital Structure Impact

The issuance results in a potential future equity dilution upon conversion of all 25,00,000 warrants into an equivalent number of equity shares. The company has received an upfront cash inflow of ₹15,43,75,000 against the total consideration of ₹61,75,00,000.