Mangalam Worldwide Limited Secures Rs 50 Crore Through Private Placement of Non-Convertible Debentures
Mangalam Worldwide Limited announced that its Debenture Committee of the Board of Directors approved the issuance of non-convertible debentures (NCDs) worth up to Rs 50 crore. The approval was reached at a committee meeting held on April 16, 2026.The company plans to raise the funds by issuing up to 5,000 senior, secured, rated, listed, redeemable, taxable, transferable non-convertible debentures. These debentures have a face value of INR 1,00,000 (Rupees One Lakh) each, aggregating to Rs 50,00,00,000 (Rupees Fifty Crores).
The issuance will be structured as a private placement through the Electronic Book Platform (EBP), remaining within the overall limits approved by the company's Board of Directors at its meeting on February 24, 2026.
Key Financial and Structural Details
The terms for the proposed debentures were detailed in the board committee meeting documents. The key features of the debenture issuance include:| Detail | Description |
|---|---|
| Debenture Trustee | MITCON Credentia Trusteeship Services Limited |
| Total Issue Size | Rs 50,00,00,000 (Rupees Fifty Crores) |
| Face Value per Debenture | INR 1,00,000 (Rupees One Lakh) |
| Interest Rate (Coupon) | 10% per annum, payable quarterly |
| Security | Pledge over certain equity shares of Mr. Vipin Prakash Mangal and a first ranking and exclusive mortgage by Mr. Chanakya Prakash Mangal over identified immovable properties. |
| Maturity Date | April 23, 2029 |
| Deemed Allotment Date | April 23, 2026 |
The debentures are proposed to be listed on the Negotiated Trade Reporting Platform of the National Stock Exchange of India Limited.
In the event of a default in payment of interest or principal for a period exceeding three months, the debentures carry an interest rate of 2% per annum above the stated Coupon Rate. The debentures will be redeemed at the Maturity Date, which is April 23, 2029.
The debenture issuance is to be secured by both an equity share pledge and an exclusive mortgage on immovable properties.
MWL Stock Price Movement
Mangalam Worldwide Limited's shares today slipped by 0.95% to settle at ₹270.1. Trading activity saw the stock conclude the day with a volume of 37,010 shares.Source:
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