MGMangalam Global Enterprise544273NCD issuance

Committee approves issue of secured, rated, listed NCDs up to ₹150 crore on private placement basis

Management Committee approves NCD issue of up to ₹150 Crores.

By ScoutQuest · Fri 16 Oct 2026, 3:20 PM IST · 2 min read

NCD Issue Size

up to ₹150 Crores

Listing

proposed to be listed on the NSE Debt Segment

Payment Default

Delay/default in interest or principal payment: NIL

What was approved

The Management Committee of the Board of Mangalam Global Enterprise Limited met on Friday, October 16, 2026, from 2:00 P.M. to 3:00 P.M., and approved the issuance of Non-Convertible Debentures (NCDs) of up to ₹150 Crores on a private placement basis, in one or more series and/or tranches, as may be required.

What exactly is being issued

• Senior, Secured, Rated, Listed, taxable, redeemable, transferable Non-Convertible Debentures.
• Issued on a private placement basis, which means the debentures are offered to select investors and not to the general public through an open offer.
• The debentures are proposed to be listed on the NSE Debt Segment.
• MITCON Credentia Trusteeship Services Limited is the Debenture Trustee.

What an NCD is, in simple terms

A non-convertible debenture is a debt instrument. The company borrows money from investors, pays interest on it, and repays the principal at maturity. "Non-convertible" means it does not convert into shares. "Secured" refers to a charge created over assets, and "rated" means a credit rating is assigned to the instrument.

Terms stated as to be decided later

The update records that the tenure (date of allotment and date of maturity), the coupon/interest offered and the schedule of payment of coupon/interest and principal, the charge/security created over assets, the special rights or privileges attached to the instrument, and the details of redemption will be determined by the Committee at the time of approving the terms and conditions of the Debentures.

On payment record

Against the disclosure point on delay in payment of interest or principal amount for a period of more than three months from the due date, or default in payment of interest or principal, the update states NIL. It also states that there is no cancellation or termination proposal for the issuance of securities.

How to read this

• The company is planning to raise debt of up to ₹150 Crores; the final amount, pricing and security structure would be known once the terms are fixed.
• The instrument is described as secured and is proposed to be listed on the NSE Debt Segment.
• The Committee's approval is in place; the issuance is to be made on the terms and conditions the Committee later approves.

Points to track

For a reader following this, the items to watch are the final issue size, the interest rate (coupon), the tenure, and the charge/security offered, all of which the update says will be decided by the Committee at the time of approving the terms and conditions of the Debentures.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev