Mantra Capital received Board approval on July 17, 2026, to alter the objects clause of its Memorandum of Association to shift its business focus towards that of a Non-Banking Financial Company (NBFC). The amended clauses include provisions to finance electric vehicles, offer financial assistance to MSMEs, and carry on green finance activities. These changes are subject to shareholder approval at the ensuing 42nd Annual General Meeting.

The Board, in its meeting held on July 17, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The company reported a narrowed net loss of ₹395.70 lakh for Q1FY26, compared to a net loss of ₹483.02 lakh in the preceding quarter ended March 31, 2026. Total revenue for Q1FY26 increased to ₹588.19 lakh from ₹560.01 lakh in the prior quarter, primarily driven by interest income which rose to ₹539.37 lakh.

Financial Performance

Interest income constituted the major portion of the revenue, accounting for ₹539.37 lakh, while fees and commission income stood at ₹21.73 lakh. The company reported a profit before tax of ₹(388.34) lakh. Following a deferred tax adjustment of ₹7.36 lakh, the net loss for the period was finalized at ₹(395.70) lakh. The basic and diluted earnings per share for the quarter were reported at ₹(1.20) and ₹(1.19) respectively.

Corporate Actions and Approvals

During the quarter, the company undertook significant capital restructuring activities. The Board approved the allotment of 38,25,000 equity shares on a preferential allotment basis at an issue price of ₹20 per share. Additionally, 45,00,000 share warrants were issued to Deepa Tracy, Managing Director, at ₹20 per warrant. Conversely, the company forfeited 45,442 equity shares during the quarter, transferring the received amount of ₹6.36 lakhs to Capital Reserve.

Sweat Equity Allotment

In a move to incentivize leadership, the Board approved the allotment of 1,06,666 sweat equity shares to Jatinder Mohan Singh Shah, the Chief Executive Officer. The allotment is priced at a face value of ₹10 each and is issued for non-cash consideration. This issuance is based on the reorganization of the achievement of the prescribed performance milestone of Assets Under Management (AUM) of ₹100 Crores as on March 31, 2026.

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.