At meeting held on 28 March 2017
Mangal Credit & Fincorp announced that the Board of Directors of the company at its meeting held on 28 March 2017, inter alia, has considered and approved as under -1. Sub-division of equity shares of the Company. The Board has approved the sub-division of each of the Equity Shares of the Company having a face value of Rs.10/- (Rupees Ten only) into 10 (Ten) Equity Shares having a face value of Re. 1/- (Rupee One only) each.
2. The sub-division of equity shares is subject to approval of shareholders, which will be sought by way of a postal ballot, and any other statutory and regulatory approvals. Accordingly, the record date for sub-division of the equity shares will be announced in due course.
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