Mangalam Worldwide Limited Allots Debentures on Private Placement Basis
Mangalam Worldwide Limited announced that its Debenture Committee approved the allotment of 50,000 rated, listed, senior, secured, transferable, redeemable, non-convertible debentures on a private placement basis. The total value of the debentures is Rs. 50,00,00,000.The debentures have a face value of Rs. 10,000 each. The deemed date of allotment is March 17, 2026, with a tenure of 36 months, maturing on March 17, 2029. A coupon/interest rate of 9.75% per annum, payable quarterly, has been offered.
The debentures are secured by way of a mortgage over certain assets of the company, a hypothecation over plant and machinery of Mangalam Saarloh Private Limited, a pledge over equity shares held by promoters, and other security as may be agreed upon.
The debentures are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market of the National Stock Exchange of India Limited.
Details of the Debenture Issuance
The following table summarizes key details of the debenture issuance:
| Detail | Description |
|---|---|
| Issuer | Mangalam Worldwide Limited |
| Debenture Trustee | Beacon Trusteeship Limited |
| Security Type | Rated, listed, senior, secured, transferable, redeemable, non-convertible debentures |
| Issuance Type | Private placement basis (through EBP) |
| Issue Size | Rs. 50,00,00,000 |
| Listing Exchange | National Stock Exchange of India Limited |
| Allotment Date | March 17, 2026 |
| Maturity Date | March 17, 2029 |
| Coupon Rate | 9.75% per annum, payable quarterly |
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