Description

15,50,000 equity shares of Mangal Credit and Fincorp Limited listed on BSE with effect from October 8, 2025, issued on preferential basis to promoters pursuant to conversion of warrants.

Summary

BSE has announced the listing of 15,50,000 new equity shares of Mangal Credit and Fincorp Limited (Scrip Code: 505850) with effect from Wednesday, October 8, 2025. These shares were issued at a premium of Rs. 100/- on a preferential basis to promoters pursuant to conversion of warrants. The shares are subject to lock-in until April 15, 2027.

Key Points

  • Number of Shares: 15,50,000 equity shares of Rs. 10/- each
  • Issue Price: Rs. 110/- per share (Rs. 10/- face value + Rs. 100/- premium)
  • Mode of Issue: Preferential basis to Promoters pursuant to warrant conversion
  • Scrip Code: 505850
  • ISIN: INE545L01039
  • Distinctive Numbers: 19563987 to 21113986
  • Date of Allotment: August 19, 2025
  • Trading Commencement: October 8, 2025
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification pursuant to preferential issue regulations.

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • All 15,50,000 shares are subject to lock-in requirements as per preferential issue norms
  • Shares will rank pari-passu with existing equity shares for all purposes

Important Dates

  • Allotment Date: August 19, 2025
  • Trading Start Date: October 8, 2025
  • Lock-in Period Ends: April 15, 2027

Impact Assessment

Market Impact: Minimal immediate market impact as the shares are locked-in until April 2027 and cannot be traded by the allottees during this period.

Shareholding Impact: The preferential allotment to promoters increases the total equity base by 15,50,000 shares, potentially diluting existing shareholders’ percentage holdings.

Liquidity Impact: No immediate change to trading liquidity as locked-in shares cannot be traded until lock-in expiry.

Capital Structure: The company has raised Rs. 1.705 crores (15,50,000 shares × Rs. 110/-) through this warrant conversion, strengthening the capital base.

Impact Justification

Routine listing notification for preferential allotment to promoters. Limited market impact as shares are locked-in until April 2027. No immediate trading implications for existing shareholders.