Mantra Capital Ltd Announces Quarterly Results and Board Approvals for Key Corporate Actions

Mantra Capital Ltd Announces Quarterly Results and Board Approvals for Key Corporate Actions​

Mantra Capital Limited (formerly known as Savani Financials Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The company also reported several significant corporate actions, including a proposed alteration to its Memorandum of Association and the allotment of sweat equity shares.

Financial Performance Overview​

The company reported a net loss of Rs. 395.70 lakhs for the quarter ended June 30, 2026. This follows a loss of Rs. 483.02 lakhs in the preceding quarter ended March 31, 2026. Total revenue from operations stood at Rs. 583.85 lakhs for the June quarter, compared to Rs. 559.47 lakhs in the March quarter.

The company's expenses totaled Rs. 976.53 lakhs during the period ended June 30, 2026. A significant portion of these expenses includes employee benefit expenses of Rs. 382.65 lakhs and finance costs of Rs. 307.13 lakhs.

The following table summarizes the financial performance of Mantra Capital Limited for the recent quarters:

Corporate Actions and Structural Changes​

During its board meeting held on July 17, 2026, the company approved several key items subject to shareholder approval at the upcoming 42nd Annual General Meeting:

Memorandum of Association (MoA) Alterations
The Board approved an amendment to Clause III of the Memorandum of Association. The revised scope includes:

• Operating as a Non-Banking Financial Company (NBFC).
• Providing loans and advances for productive purposes.
• Financing the purchase, lease, or use of electric vehicles (EVs).
• Offering financial assistance to MSMEs, including working capital finance and loans against property (LAP).
• Engaging in Green Finance and ESG compliant business models.
• Providing asset finance, hire-purchase, and leasing operations.

Articles of Association
The Board approved the adoption of a new set of Articles of Association.

Sweat Equity Allotment
The company approved the allotment of 1,06,666 sweat equity shares, with a face value of Rs. 10 each, to Mr. Jatinder Mohan Singh Shah (Chief Executive Officer). The issuance is based on non-cash consideration regarding the achievement of an Assets Under Management (AUM) milestone of INR 100 Crores as of March 31, 2026.

Additional Corporate Updates​

The Board also approved the draft Notice and Explanatory Statement for the 42nd Annual General Meeting. Additionally, the Board reviewed the financial results for the quarter ended June 30, 2026, which were prepared in accordance with Indian Accounting Standard (IndAS) 34 "Interim Financial Reporting" and other applicable regulatory guidelines.

During the quarter, the company allotted 85,000 equity shares of face value Rs. 10 each at an issue price of Rs. 20 per share on a preferential allotment basis. Furthermore, the company forfeited 45,442 equity shares during the period, with the resulting proceeds of Rs. 6.36 lakhs transferred to the Capital Reserve.

Stock Price Movement​

As of 14:22, Mantra Capital Ltd shares are ticking up to ₹15.60, representing a 1.23% gain. The stock is currently trading completely flat as it remains locked at the ₹15.60 level for the day.