Mantra Capital Ltd. Receives In-Principle Approval for Share and Warrant Issuance
Mantra Capital Limited announced on March 25, 2026, that it has received an in-principle approval from the BSE Limited for the issue and allotment of securities on a preferential basis. The approval pertains to 48,25,000 equity shares with a face value of Rs. 10 each, and 45,00,000 warrants convertible into equity shares also with a face value of Rs. 10 each. The equity shares are to be issued to non-promoters at a price not less than Rs. 20 per share, while the warrants are to be issued to promoters at a price not less than Rs. 20 per share.The BSE’s in-principle approval emphasizes that it does not constitute approval for the listing of the securities, and that Mantra Capital Ltd. must separately comply with all applicable regulations and obtain necessary approvals. The company is also advised to strengthen internal controls to monitor trades executed by proposed allottees and to ensure adherence to SEBI regulations. Furthermore, the company is required to apply for listing within 20 days of allotment, as per regulatory guidelines.
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