Mantra Capital Limited Confirms Non-Applicability for Large Corporate Framework Under SEBI Guidelines
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































