Mangal Credit and Fincorp LimitedMANCREDITNSE
Mangal Credit allots ₹35 crore of secured NCDs at 11.50% annual coupon
As filed · Intimation with respect to allotment of 3,500 Non-Convertible Debentures on Private Placement Basis
CapitalMixedNotablemateriality 63 out of 100
What happened
FactMangal Credit and Fincorp allotted 3,500 secured, rated, listed, redeemable NCDs of ₹1,00,000 each through private placement, aggregating to ₹35,00,00,000. The NCDs have a 23-month tenor, mature on August 9, 2028, and carry an 11.50% annual coupon payable monthly.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- The allotment provides ₹35 crore of private-placement debt funding but adds an 11.50% annual coupon obligation payable monthly. The debentures are secured by identified receivables and are proposed to be listed on BSE Limited.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%