Mangalam Organics Ltd

💰 Mangalam Organics Approves INR 60 Crore NCDs at 12.5% Interest – Key Details Inside

- INR 60 crore Secured, Unlisted, Unrated NCDs approved with 36-month tenure.

- 12.5% p.a. interest (10% cash coupon + 2.5% redemption premium).

- Monthly interest payouts at 10% p.a., principal repayment starts after 15-month moratorium.

- 2.5% redemption premium payable with final instalment.

- PUT/CALL option available at 18 months and every 6 months thereafter.

- First pari-passu charge on fixed assets (land, building, plant, machinery) with Saraswat Bank.

- Personal guarantees from Mr. Kamalkumar Dujodwala and Mr. Pannkaj Dujodwala.

- NCDs will remain unlisted.

- Board meeting held on August 18, 2025.