Mantra Capital Limited Confirms Non-Applicability for Large Corporate Framework Under SEBI Guidelines

1 min read     Updated on 09 Apr 2026, 10:26 PM
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Mantra Capital Limited has notified BSE that it does not qualify as a Large Corporate under SEBI's regulatory framework. The company disclosed outstanding borrowings of Rs. 90.95 crore as on March 31, 2026, and confirmed non-applicability of enhanced compliance requirements under the SEBI circular dated October 19, 2023.

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Mantra capital Limited has officially informed BSE Limited that it does not qualify as a "Large Corporate" under the regulatory framework established by the Securities and Exchange Board of India. The company submitted its formal intimation on April 09, 2026, confirming non-applicability of the Large Corporate Framework as specified in SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Disclosure

The company provided detailed financial information as part of its initial disclosure requirements. According to the submission, Mantra Capital Limited does not meet the criteria outlined under Para 3.2 of the SEBI circular that defines Large Corporate entities.

Parameter Details
Company Name Mantra Capital Limited (Formerly Savani Financials Limited)
CIN L67120MH1983PLC031614
Outstanding Borrowings (March 31, 2026) Rs. 90.95 crore
Credit Rating Status Not Applicable
Stock Exchange Fine Applicability Not Applicable

Key Financial Position

As on March 31, 2026, the company reported outstanding borrowings of Rs. 90.95 crore. The disclosure indicates that Mantra Capital Limited has not obtained any credit rating during the previous financial year, with the company marking this field as "Not Applicable" in its submission.

Corporate Governance Framework

The SEBI Large Corporate Framework requires specific entities to meet certain borrowing thresholds and compliance requirements. Companies falling under this category must adhere to additional disclosure norms and regulatory obligations. Mantra Capital's confirmation of non-applicability indicates that its financial parameters do not trigger these enhanced compliance requirements.

Official Authorization

The disclosure was duly authorized by key company officials, with Company Secretary and Compliance Officer Puspraj Pandey (ICSI Membership No.: A38542) and Chief Financial Officer Naresh Malavia providing their digital signatures on the submission dated April 09, 2026. The company maintains its registered office at Lokhandwala Complex, Andheri West, Mumbai.

Historical Stock Returns for Mantra Capital

1 Day5 Days1 Month6 Months1 Year5 Years
+1.57%+6.43%-0.33%-18.13%-1.39%+49.00%

What growth trajectory would Mantra Capital need to achieve to potentially qualify as a Large Corporate under SEBI's framework in future years?

How might the company's borrowing strategy change now that it has confirmed non-applicability of enhanced compliance requirements?

Will Mantra Capital consider obtaining credit ratings voluntarily to improve its access to capital markets despite not being required to do so?

Mantra Capital Limited Files Q4FY26 Compliance Certificate with BSE

1 min read     Updated on 09 Apr 2026, 09:20 PM
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Mantra Capital Limited filed its Q4FY26 compliance certificate with BSE on April 09, 2026, for the quarter ended March 31, 2026. The certificate, submitted under SEBI Regulation 74(5), was filed by Company Secretary Puspraj Pandey and includes confirmation from registrar Bigshare Services Pvt Ltd regarding proper handling of dematerialization processes and regulatory compliance.

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Mantra Capital Limited has filed its quarterly compliance certificate with BSE Limited for the quarter ended March 31, 2026, fulfilling mandatory regulatory requirements under SEBI depositories regulations.

Regulatory Compliance Filing

The company submitted the certificate on April 09, 2026, in accordance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The filing was made by Puspraj Pandey, Company Secretary and Compliance Officer, who holds ICSI Membership No. A38542.

Filing Details: Information
Quarter Ended: March 31, 2026
Filing Date: April 09, 2026
Script Symbol: MANTRA
Script Code: 511577
Company Secretary: Puspraj Pandey

Certificate Confirmation

The compliance certificate was issued by Bigshare Services Pvt Ltd, which serves as the Registrar to an Issue and Share Transfer Agent for Mantra Capital Limited. The certificate, dated April 06, 2026, confirms that all securities received from depository participants for dematerialization up to March 31, 2026, were properly processed.

Regulatory Adherence

Bigshare Services confirmed that security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant. The certificate also confirms that the names of the depositories have been substituted in the register of members as registered owners within the stipulated 15-day period of receipt of certificate of securities.

The filing demonstrates the company's commitment to maintaining compliance with SEBI regulations governing depositories and participants, ensuring proper handling of dematerialization processes and adherence to prescribed timelines for regulatory procedures.

Historical Stock Returns for Mantra Capital

1 Day5 Days1 Month6 Months1 Year5 Years
+1.57%+6.43%-0.33%-18.13%-1.39%+49.00%

Will Mantra Capital's consistent regulatory compliance improve its eligibility for institutional investment or ESG-focused funds?

How might SEBI's evolving depositories regulations impact Mantra Capital's operational costs in upcoming quarters?

Could Mantra Capital's partnership with Bigshare Services expand to include additional corporate services or digital transformation initiatives?

More News on Mantra Capital

1 Year Returns:-1.39%