Mantra Capital has secured approval from BSE Limited to list 38,25,000 equity shares that were issued on a preferential basis to non-promoters. The approval, conveyed via letter number LOD/PREF/KS/FIP/263/2026-27 dated May 21, 2026, paves the way for these shares to be traded on the exchange.

The equity shares carry a face value of ₹10 each and were issued at a premium of ₹10 per share. The distinctive numbers for these shares range from 32054559 to 35879558. This issuance was conducted specifically for non-promoters as part of the company's preferential allotment process.

Key Details of the Allotment

To facilitate trading, the company must now submit confirmation letters from NSDL and CDSL regarding the crediting of shares to beneficiary accounts. Additionally, trading approval will be granted only after the company files the necessary listing approval from the National Stock Exchange of India Ltd., if applicable, and ensures compliance with Regulation 167 of SEBI (ICDR) Regulations.

The company is required to apply for trading approval within seven working days from the date of the listing approval. Failure to comply with this timeline may result in penalties as specified by the market regulator. Mantra Capital must also file the shareholding pattern in XBRL mode if the change in paid-up share capital exceeds two per cent.

Mantra Capital Limited, formerly known as Savani Financials Limited, filed a business update and media release with BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Mumbai-headquartered, RBI-regulated Non-Banking Financial Company (NBFC) reported an Assets Under Management (AUM) of ₹110 crore for the financial year ended March 31, 2026 (FY26), reflecting continued expansion across general trade and green mobility segments. The company also highlighted significant growth in loan disbursements, branch network, and strategic partnerships during the period.

FY26 Key Highlights

As of March 2026, Mantra Capital reported strong growth across its core operational metrics. The company crossed an AUM of ₹110 crores and surpassed 2,500 borrowers, while maintaining a 100% secured loan portfolio. Its branch network stood at 19, with an employee base of 176, and strategic partnerships were established with Mahindra, OSM, and Greaves. During FY26, the company also focused on strengthening its operating framework, expanding ecosystem partnerships, and broadening access to institutional capital.

The following table summarises the company's key highlights as of March 2026:

AUM and Loan Disbursement Growth

Mantra Capital's AUM trajectory reflects rapid scaling since its operational inception. Starting at ₹1 Cr in September 2024, the company grew its AUM to ₹26 Cr by March 2025, ₹66 Cr by September 2025, and ₹110 Cr by March 2026. Cumulative loan disbursements followed a similar trajectory, rising from 19 in September 2024 to 2,573 by March 2026. Total loan disbursements crossed ₹122 Crores by March 2026.

Branch Network and Geographic Presence

The company expanded its branch network from 2 branches in September 2024 to 19 branches by March 2026. Its geographic footprint spans four key markets, with Andhra Pradesh hosting the largest share of branches. The state-wise branch distribution as of March 2026 is as follows:

Partnerships and Team Growth

Mantra Capital's total partnerships grew from zero in September 2024 to 11 by March 2026, including a co-lending arrangement with Singularity and onboarding of AU Small Finance Bank. In FY26, the company further expanded its EV and mobility ecosystem with partnerships across OEMs, including Mahindra Last Mile Mobility, Omega Seiki Mobility, Euler Motors, and Greaves Electric. The direct customer-facing team expanded from 7 in September 2024 to a peak of 109 in September 2025, standing at 69 by March 2026.

Leadership Commentary

Deepa Tracy, Managing Director, Mantra Capital, commented on the company's approach: "The gap in access to finance is no longer about availability of capital, but about how it is structured and delivered. Our focus has been on building credit frameworks that recognise intent, cash flows, and sector context—especially for entrepreneurs who sit outside conventional underwriting systems."

Jatinder Mohan Singh Shah, Chief Executive Officer, Mantra Capital, added: "FY26 was a year of building operating depth. We invested in standardising processes, strengthening partner integrations, and improving execution visibility across markets. These are foundational to ensure that growth remains consistent and controllable as we scale."

Key Corporate Milestones

The company's journey since May 2024 has been marked by several significant milestones:

• May 2024: New promoter infused capital of ₹50 Crores
• Aug 2024: First Secured Green Loan disbursed
• Sept 2024: First milestone of ₹1 Cr AUM crossed
• Nov 2024: First Secured Business Loan disbursed
• Jan 2025: First tie-up for Secured Green Loans with Mahindra OEM
• Mar 2025: AUM crossed ₹25 Cr
• April 2025: Co-Lending Arrangement with Singularity
• Jul 2025: RBI approval for name change; 1,000 loans disbursed
• Aug 2025: First bank onboarding of AU Small Finance Bank
• Sept 2025: Tie-up for secured green loans with Euler Electric
• Feb 2026: AUM crossed ₹100 Crores
• Mar 2026: Cumulative loan disbursements crossed ₹122 Crores

Product Offerings

Mantra Capital operates with two primary secured lending products designed for entrepreneur-led businesses and the logistics and mobility economy:

• Secured Green Loans — targeting the fast-rising logistics and mobility sector
• Secured Business Loans — catering to general trade businesses

The business update and media release were signed by Puspraj Pandey, Company Secretary and Compliance Officer (ICSI Membership No.: A38542), and published on the company's website at mantracapital.in for the information of investors and stakeholders.