Description

BSE announces listing of new debt securities (MCFL-12.90%-3-10-27-PVT) issued by Mangal Credit and Fincorp Limited on private placement basis, effective November 27, 2025.

Summary

BSE has listed new debt securities issued by Mangal Credit and Fincorp Limited on a private placement basis with effect from November 27, 2025. The securities will be traded on the BSE Debt segment in dematerialized form only. The non-convertible debentures carry a 12.90% per annum interest rate with monthly interest payments and mature on October 3, 2027.

Key Points

  • Scrip Code: 976597
  • Scrip ID: 1290MCFL27
  • Detail Name: MCFL-12.90%-3-10-27-PVT
  • ISIN Number: INE545L07036 (further listing under same ISIN)
  • Quantity: 1,000 debentures
  • Market Lot: 1
  • Face Value: Rs. 100,000 per debenture
  • Paid-up Value: Rs. 100,000 per debenture
  • Issue Price: Rs. 99,752.60
  • Credit Rating: CRISIL BBB/Stable
  • Interest Rate: 12.90% per annum (monthly payment)
  • Date of Allotment: November 26, 2025
  • Trading only in dematerialized form
  • Tick size: 1 paise
  • No put/call option available

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE545L07036
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 26, 2025
  • Listing Date: November 27, 2025
  • Interest Payment Dates: Monthly from January 3, 2026 to October 3, 2027
  • Redemption Date: October 3, 2027

Impact Assessment

This is a routine debt securities listing with minimal market-wide impact. The listing adds liquidity to Mangal Credit and Fincorp Limited’s debt instruments for investors holding these securities. The CRISIL BBB/Stable rating indicates adequate credit quality with moderate credit risk. The relatively high coupon rate of 12.90% reflects the credit profile of the issuer. Impact is limited to debt market participants, institutional investors, and existing investors in the company’s debt securities.

Impact Justification

Routine listing of debt securities on private placement basis with limited market-wide impact, relevant primarily to debt market participants and investors in Mangal Credit and Fincorp Limited bonds