Mantra Capital Limited reported a significant expansion in its lending portfolio for the fiscal year ended March 31, 2026. Assets Under Management (AUM) grew from ₹25 crore to ₹110 crore, while total income surged to ₹16.35 crore from ₹3.35 crore in the previous year.

The company, formerly known as Savani Financials Limited, disclosed these figures in the Chairperson's speech submitted to BSE following its 42nd Annual General Meeting held on September 28, 2026. The meeting also approved audited financial statements and alterations to the Memorandum of Association.

Financial performance and operational metrics

The NBFC has focused on scaling its operations over the first 18 months of its current phase, having commenced lending in August 2024. During FY26, Mantra Capital disbursed close to ₹96 crore across four states and 20 branches, adding over 2,000 new borrowers.

Key financial and operational metrics for FY26 include:

The company maintained its lending rates broadly in the average range of 21% to 22%, despite operating in segments where rates can be materially higher. This strategy aligns with its objective of providing productive credit to underserved individuals and small entrepreneurs in Tier 2, Tier 3, and smaller towns.

Strategic focus areas

Mantra Capital’s lending activity is centered on two principal areas:

• Secured Business Loans: Providing disciplined underwriting to small businesses and entrepreneurs who struggle to access institutional credit.
• Green Mobility Financing: Supporting drivers and small transport entrepreneurs in Delhi NCR and major metropolitan markets by enabling the transition to electric three-wheelers.

The Board emphasized that growth is accompanied by strong credit discipline, with significant management attention directed toward strengthening underwriting, collections, portfolio analytics, and risk management systems.

Governance and AGM resolutions

The 42nd Annual General Meeting was conducted via Video Conferencing, presided over by Managing Director and Chairperson Mrs. Deepa Kishor Tracy. Shareholders approved several ordinary and special resolutions, including the re-appointment of Ms. Purvi Ramesh Ambani as Non-Executive Non-Independent Director and the adoption of new Articles of Association.

Ms. Jasbinder Neela, Practicing Company Secretary, managed the proceedings on behalf of Company Secretary Prasanta Mohanty. Mr. Keyur Ghelani of M/s. K. P. Ghelani & Associates served as the Scrutinizer. No proxy appointment facility was provided, in line with SEBI (LODR) Regulations and MCA circulars.

What the numbers show

The rapid increase in AUM from ₹25 crore to ₹110 crore indicates an aggressive scaling strategy, with total income growing nearly fivefold YoY. However, the net worth of ₹27.25 crore relative to the ₹110 crore AUM suggests a high leverage ratio, typical of early-stage NBFCs relying on debt funding for asset creation. The stable Net NPA of 1.25% amidst this rapid growth signals effective initial credit screening, though the collection efficiency of 94.4% leaves room for improvement as the portfolio seasons.

Mantra Capital appointed Prasanta Kumar Mohanty as Company Secretary cum Compliance Officer effective September 21, 2026. The Board of Directors approved the appointment during its meeting held on the same day.

The Nomination and Remuneration Committee recommended the appointment earlier on September 21, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mohanty joins the company as a Key Managerial Personnel. His term is defined as full-time employment in accordance with the company's HR policy.

Professional Profile

Mohanty is an Associate Member of the Institute of Company Secretaries of India with membership number ACS76804. He holds a PhD, CS, MBA Finance, MCom, LLB, and BCom (H).

He brings 17 years of experience in corporate secretarial matters, legal compliance, NBFC regulations, and SEBI listing laws. Mohanty confirmed he satisfies the "Fit and Proper" criteria under RBI guidelines for listed NBFCs.

He certified that he is not debarred by SEBI, the Ministry of Corporate Affairs, or the RBI. He also declared no conflict of interest with his proposed duties.