Description

15,50,000 equity shares of Mangal Credit and Fincorp Limited issued on preferential basis to promoters pursuant to warrant conversion, listed and permitted to trade from October 8, 2025.

Summary

BSE has listed 15,50,000 new equity shares of Mangal Credit and Fincorp Limited (Scrip Code: 505850) issued on a preferential basis to promoters pursuant to conversion of warrants. The shares are listed and permitted to trade with effect from Wednesday, October 8, 2025. These shares rank pari-passu with existing equity shares and are subject to a lock-in period 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)
  • Allotment Type: Preferential basis to Promoters
  • Basis: Conversion of warrants
  • 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 by this circular.

Compliance Requirements

Trading members of BSE are informed of the listing and are expected to facilitate trading of these securities from the effective date.

Important Dates

  • Date of Allotment: August 19, 2025
  • Listing Date: October 8, 2025
  • Lock-in Period Ends: April 15, 2027
  • Notice Date: October 7, 2025

Impact Assessment

This is a routine corporate action with minimal market impact. The preferential allotment to promoters increases the company’s equity base by 15,50,000 shares. The lock-in period until April 2027 ensures these shares cannot be traded by promoters for approximately 18 months from the listing date, providing stability to the shareholding pattern. The warrant conversion represents fulfillment of prior fundraising commitments and does not affect general market operations or trading member obligations beyond normal listing procedures.

Impact Justification

Routine listing notification for preferential allotment to promoters with standard lock-in period; limited market-wide impact.