Committee approves NCD issue of up to ₹150 crore on private placement basis
Mangalam Global Enterprise's Management Committee, at its meeting on October 16, 2026, approved issuing Non-Convertible Debentures aggregating up to ₹150 Crores.
By ScoutQuest · · 2 min read
- NCD Issue Size
- up to ₹150 Crores (Rupees One Hundred and Fifty Crores Only)
- Issue Basis
- On a private placement basis, in one or more series and/or tranches
- Listing / Trustee
- Proposed to be listed on the NSE Debt Segment; Debenture Trustee: MITCON Credential Trusteeship Services Limited
Committee approves NCD fund raise
The Management Committee of the Board of Directors of Mangalam Global Enterprise Limited, at its meeting held on Friday, October 16, 2026, considered and approved the issuance of Non-Convertible Debentures. The meeting commenced at 2:00 P.M. and concluded at 3:00 P.M.
What was approved
- Senior, Secured, Rated, Listed, taxable, redeemable, transferable Non-Convertible Debentures (NCDs/Debentures)
- Aggregate amount of up to ₹150 Crores (Rupees One Hundred and Fifty Crores Only)
- Issued on a private placement basis
- In one or more series and/or tranches, as may be required
Trustee and listing
- Debenture Trustee: MITCON Credential Trusteeship Services Limited
- Yes, the Debentures are proposed to be listed on the NSE Debt Segment
Terms to be decided at the time of approving the issue
- Tenure of the instrument (date of allotment and date of maturity)
- Coupon/interest offered, and the schedule of payment of coupon/interest and principal
- Charge/security, if any, created over the assets
- Special right / interest / privileges attached to the instrument, and changes thereof
- Details of redemption of debentures
Other details disclosed
- Delay in payment of interest/principal amount for a period of more than three months from the due date or default in payment of interest/principal: NIL
- Any letter or comments regarding payment/non-payment of interest or principal on due dates, or any other matter concerning the security and/or the assets: Not Applicable
- Any cancellation or termination proposal for issuance of securities, including reasons: None
How a retail investor can read this
- NCDs are a form of borrowing. By issuing them, the company raises money from investors and is obliged to pay interest and repay the principal as per the terms of the instrument.
- The issue is on a private placement basis, which means the debentures are placed with select investors rather than being offered to the public.
- Since the debentures are proposed to be listed on the NSE Debt Segment, they are intended to be traded on the debt market.
- The interest cost (coupon), the tenure and any charge or security over assets are among the items the Committee will decide when it approves the terms and conditions of the Debentures.
Also from Mangalam Global Enterprise
Q2 FY27 PBT rises 41.85% YoY to ₹12.27 crore; NEAT Everyday presence strengthened
19 Oct 2026
Board adopts Q2 and H1 FY27 results; limited review conclusion unmodified
19 Oct 2026
Committee approves issue of secured, rated, listed NCDs up to ₹150 crore on private placement basis
16 Oct 2026
More numbers
- NCD issue size approved by the Committee₹150 Crores
- Total amount for which NCDs are proposed to be issued (Annexure-A)Up to Rs. 150/- Crore
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