Management Committee meeting on 16 Oct 2026 to consider NCD issue up to ₹150 Crores
Mangalam Global Enterprise's Management Committee meets on Friday, 16 October 2026.
By ScoutQuest · · 1 min read
- Proposed Issue Size
- up to ₹150 Crores (Rupees One Hundred and Fifty Crores Only)
- Instrument Type
- senior secured, rated and listed non-convertible debentures (NCDs)
- Meeting Date
- Friday, 16 October 2026
The company has informed the stock exchanges that a meeting of the Management Committee of its Board of Directors is scheduled to be held on Friday, October 16, 2026.
What the committee will consider
- A proposal for raising funds by way of issuance of senior secured, rated and listed non-convertible debentures (NCDs).
- The proposed issue size is up to ₹150 Crores (Rupees One Hundred and Fifty Crores Only).
- The NCDs would be issued on a private placement basis, in one or more series and/or tranches, as may be required.
Reading the terms used
- Non-convertible debentures are debt instruments. The company borrows money and these do not convert into equity shares.
- Senior secured describes where these debentures stand in the order of claims and that they are backed by security.
- Rated means a credit rating is assigned to the instrument by a rating agency.
- Listed means the debentures are intended to be listed on a stock exchange.
- Private placement means the debentures are offered to a select set of investors, not to the general public.
What the update says about the stage
The meeting is being held to consider and approve the proposal. The outcome will be known after the meeting.
Trading window
The company's trading window has already been closed in connection with the declaration of the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
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
- Proposed NCD issue size₹150 Crores
- Proposed NCD issue size in wordsRupees One Hundred and Fifty Crores Only
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