Mangal Credit And Fincorp has informed that the Board of Directors of the Company at their meeting held today Wednesday, 10th January, 2024, have on the recommendation of the Nomination and Remuneration Committee, the Board has considered and approved, the Appointment of Hardik Jain (DIN: 07871480) as an ‘Additional Director’ under executive category of the Company. Brief profile of Hardik Jain (DIN: 07871480), in terms SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and SEBI Listing Regulations, is annexed herewith as Annexure A; On the recommendation of the Nomination and Remuneration Committee, the Board has considered and approved, the appointment of Vineeta Piyush Patel (DIN: 07151087) as an Additional Director under NonExecutive-Independent category of the Company. Brief profile ofVineeta Piyush Patel (DIN: 07151087) in terms SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and SEBI Listing Regulations, is annexed herewith as Annexure A; Considered and approved the raising of funds by way of - Issuance of 2,50,000 (Two Lakh Fifty Thousand) Equity Shares having face value Rs. 10 (INR Ten Only) and - Creating, issuing and allotting upto 15,50,000 (Fifteen Lakh Fifty Thousand) fully convertible unlisted equity warrants, carrying a right exercisable by the warrant holder to subscribe to one Equity Share having face value of Rs. 10 (INR Ten only).
The above information is a part of company’s filings submitted to BSE.