Mangal Credit and Fincorp MD, chairman and AGM
NSE: MANCREDITBSE: 505850FinanceSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹230.04.
29 Oct: open ₹233.98, high ₹242.30, low ₹230.38
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹507 Cr2,020th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 28.15
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.93
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.31%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.5%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 9.36%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 12.06%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 0.45%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 3.53%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 2.76times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,22,06927.7% delivered
Mangal Credit and Fincorp's chairperson and managing director is Meghraj Sohanlal Jain, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 22 Sep 2026.
Mangal Credit and Fincorp board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorMeghraj Sohanlal Jain
8 directors4 independent3 executive1 non-executive
- Meghraj Sohanlal Jain · Chairperson and managing directorExecutive · joined Aug 2013 · reappointed Sep 2025 · 1 listed board · 1 committee seat
- Nilesh JainExecutive · joined Oct 2021 · reappointed Sep 2024 · 1 listed board · 2 committee seats
- Hardik Meghraj JainExecutive · joined Jan 2024 · reappointed Sep 2026 · 1 listed board
- Sujan SinhaNon-executive · joined Nov 2020 · reappointed Sep 2024 · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
- Subramanyam GaneshIndependent · joined Nov 2018 · reappointed Sep 2023 · 85 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Sriram SankarnarayananIndependent · joined Nov 2020 · reappointed Sep 2025 · 70 months as independent · 1 listed board · 1 as independent
- Ramanathan AnnamalaiIndependent · joined Jul 2018 · reappointed Sep 2023 · 98 months as independent · 2 listed boards · 2 as independent · 1 committee seat
- Vineeta Piyush PatelIndependent · joined Jan 2024 · reappointed Jan 2024 · 32 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 Aug 20266 of 8 present3 independent · 7 days in between
- 6 Aug 20268 of 8 present4 independent · 69 days in between
- 28 May 20267 of 8 present3 independent · 20 days in between
- 7 May 20268 of 8 present4 independent
Audit Committee
Chair Subramanyam Ganesh
Ramanathan Annamalai, Nilesh Jain, Vineeta Piyush Patel
- 6 Aug 20264 of 4 present3 independent · 69 days in between
- 28 May 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Ramanathan Annamalai
Subramanyam Ganesh, Sriram Sankarnarayanan
- 6 Aug 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Subramanyam Ganesh
Meghraj Sohanlal Jain, Nilesh Jain
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Vineeta Piyush Patel
Meghraj Sohanlal Jain, Subramanyam Ganesh
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Bhagwagar Dalal & Doshi, Chartered AccountantsPeer-review certificate valid to Jan 2029
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Mangal Credit and Fincorp AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mangal Credit and Fincorp dividend history
Annual general meeting, 22 Sep 2026
3,633 shareholders on the register on 14 Sep 2026; present: 5 promoters and 57 others; votes counted by Vijay S. Tiwari & Associates Practicing Company Secretary / Vijay Kumar Tiwari.The company's voting result
To receive, consider and adopt the Annual Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.20% · promoters 99.93% · institutions 19.77% · other public 62.98%
- To declare the final dividend of ₹ 0.75 per equity share of face value of ₹ 10/- each for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.20% · promoters 99.93% · institutions 19.77% · other public 62.98%
- To reappoint a Director in place of Mr. Hardik Meghraj Jain (DIN: 07871480), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.94% · promoters 79.55% · institutions 19.77% · other public 62.98%
To consider and approve the Material Related Party Transactions with Mr. Meghraj Sohanlal Jain for availment of Loan upto a sum of ₹ 250,00,00,000/- (Rupees Two Hundred Fifty Crore only), in one and more tranches, for the Financial Year 2026-27 and further up to the date of 65th Annual General Meeting of the Company.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.98% · promoters 0.00% · institutions 19.77% · other public 62.98%
To consider and approve the Material Related Party Transactions with Mr. Hardik Jain for availment of Loan upto a sum of ₹ 50,00,00,000/- (Rupees Fifty Crore only), in one and more tranches, for the Financial Year 2026-27 and further up to the date of 65th Annual General Meeting of the Company.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.98% · promoters 0.00% · institutions 19.77% · other public 62.98%
To consider and approve the increase in Authorised Share Capital from ₹ 25,00,00,000/- (Rupees Twenty Five Crore Only) divided into 2,50,00,000 (Two Crore Fifty Lakhs) equity shares of ₹ 10/- (Rupees Ten only) each to ₹ 30,00,00,000 /- (Rupees Thirty Crore only) divided into 3,00,00,000 (Three Crore) equity shares of ₹ 10/- (Rupees Ten only) each and the consequential alteration of the Capital Clause of the Memorandum of Association.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.20% · promoters 99.93% · institutions 19.77% · other public 62.98%
To consider and approve the creation, offer, issue and allotment of up to 25,00,000 (Twenty Five Lakh) Convertible Equity Warrants on preferential basis to the Promoter(s) as well as Non-Promoter(s) at such price as determined in accordance with Regulation 164 of SEBI ICDR Regulations.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.41% · promoters 36.98% · institutions 19.77% · other public 62.98%
- To consider and approve the increase in Borrowing Limits from ₹ 750 Crore to ₹ 1,500 Crore under Section 180(1)(c) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.20% · promoters 99.93% · institutions 19.77% · other public 62.98%
- To consider and approve the Creation of Charge on the Assets of the Company under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.20% · promoters 99.93% · institutions 19.77% · other public 62.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2025, 9 resolutions
3,469 shareholders on the register on 17 Sep 2025; present: 4 promoters and 46 others; votes counted by Vijay Kumar Tiwari / Vijay S. Tiwari & Associates Practicing Company Secretary.The company's voting result
To consider and adopt the Annual Audited Financial Statements of the Company for the financial year ended 31st March, 2025, together with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.80% · promoters 99.28% · institutions 0.07% · other public 60.24%
- To declare the final dividend of Rs. 0.75 per equity share of face value of Rs. 10 each for the Financial Year ended 31st March, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.80% · promoters 99.28% · institutions 0.07% · other public 60.24%
- To reappoint a Director in place of Mr. Meghraj Jain (DIN: 01311041), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.80% · promoters 99.28% · institutions 0.07% · other public 60.24%
To consider and approve the Material Related Party Transactions with Mr. Meghraj Sohanlal Jain for availment of Loan upto a sum of Rs. 70,00,00,000 (Rupees Seventy Crore only), in one and more tranches, for the Financial Year 2025-26 and further up to the date of 64th Annual General Meeting of the Company.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 26.95% · promoters 0.00% · institutions 0.07% · other public 60.24%
To consider and approve the Material Related Party Transactions with Mr. Hardik Jain for availment of Loan upto a sum of Rs. 30,00,00,000 (Rupees Thirty Crore only), in one and more tranches, for the Financial Year 2025-26 and further up to the date of 64th Annual General Meeting of the Company.MoreLess
SpecialPromoters have an interest in it99.92% for0.08% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 26.95% · promoters 0.00% · institutions 0.07% · other public 60.24%
- To re-appointment of Mr. Sriram Sankaranarayanan (DIN: 00146563) as an Independent Director for a second term of five years.Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.80% · promoters 99.28% · institutions 0.07% · other public 60.24%
Revision in remuneration of Mr. Nilesh Jain, as an Executive Director (designated as Executive Director and Chief Financial Officer) of the Company, by increasing the from Rs. 24,00,000 (Rupees Twenty Four Lakhs only) to draw up to Rs. 36,00,000 (Rupees Thirty Six Lakhs only) per annum with effect from 1st April, 2025.MoreLess
Special99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.79% · promoters 99.28% · institutions 0.07% · other public 60.21%
Appointment of Vijay S. Tiwari and Associates, Practicing Company Secretaries, (Peer Review Certificate no. 1679 or 2022), as the Secretarial Auditor of the Company for a term of five consecutive years, commencing from the Financial year 2025-26 till including Financial year 2029-2030.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.80% · promoters 99.28% · institutions 0.07% · other public 60.24%
Alteration by way of inserting new Article 117(e) after the existing Article 117 (d) for Appointment of Director nominated by Debenture Trustee(s) in case of default made by the Company in payment or repayment of Interest or Principal.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.80% · promoters 99.28% · institutions 0.07% · other public 60.24%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2024, 9 resolutions
Present: 4 promoters and 32 others.
To receive, consider and adopt the Annual Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with the reports of the Board of Directors and Statutory Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.37% · promoters 99.09% · institutions 0.00% · other public 60.34%
- To declare the final dividend of 0.6 per equity share of face value of 10/- each for the financial year ended 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.37% · promoters 99.09% · institutions 0.00% · other public 60.34%
- To appoint a Director in place of Mr. Nilesh Jain (DIN: 08788781), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.37% · promoters 99.09% · institutions 0.00% · other public 60.34%
- To appoint a Director in place of Mr. Sujan Sinha (DIN: 02033322), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.37% · promoters 99.09% · institutions 0.00% · other public 60.34%
- Re-appointment of Mr. Meghraj Sohanlal Jain (DIN : 01311041) as Chairman and Managing Director along with revision of remunerationSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.90% · promoters 51.77% · institutions 0.00% · other public 60.34%
- Approval for Material Related Party Transactions for availment of loan from Mr. Meghraj JainSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 29.13% · promoters 0.00% · institutions 0.00% · other public 60.34%
- Approval for Material Related Party Transactions for availment of loan from Mr. Hardik JainSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 29.13% · promoters 0.00% · institutions 0.00% · other public 60.34%
Revision in remuneration of Mr. Nilesh Jain (DIN : 08788781), Executive Director (designated as Executive Director and Chief Financial Officer) of the Company from Rs. 20 Lakhs p.a. to Rs. 24 Lakhs p.a.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.37% · promoters 99.09% · institutions 0.00% · other public 60.34%
- Transfer of Contingency Reserve and Investment Reserve to Capital ReserveSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.37% · promoters 99.09% · institutions 0.00% · other public 60.34%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| OthersMay 2026 | 10.00 | Originate small business loans, loans secured by gold jewels and refinance & repayment purposes | 10.00 | 10.00 | No |
| OthersJun 2026 | 20.00 | Onward Lending and General Corporate Purpose | 20.00 | 20.00 | No |