Mantra Capital Limited (formerly savani financials Limited) has announced board approval for a significant equity fundraising initiative through preferential allotment. The company's Board of Directors, in their meeting held on January 30, 2026, approved the issuance of equity shares worth ₹9.65 crores to seven investors.

Share Allotment Details

The board has approved the preferential allotment of 48.25 lakh equity shares with specific pricing and structure designed to strengthen the company's capital base.

Investor Details and Capital Impact

The preferential allotment will be made to seven identified investors, including Mrs. Shaila Koppikar, Mr. Jagdish Mundkur, Mr. Arun Heble, Vikram Samsi, Mr. Gurunandan Samsi, Dr. Krishna Rao, and Mr. Giriraj Chandak. This strategic selection of investors demonstrates the company's focused approach to capital raising.

Following the successful completion of this allotment, the company's capital structure will undergo significant enhancement:

Regulatory Compliance and Approvals

The preferential allotment has been structured in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issue price of ₹20 per share has been determined based on a valuation report dated January 30, 2026, issued by Mr. Anurag Singal (Registration No. IBBI/RV/06/2022/14679).

The transaction remains subject to approval from the company's members and other statutory approvals as required under applicable regulations. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in the capital raising process.

Company Background

Mantra Capital Limited, formerly known as Savani Financials Limited, operates under the scrip symbol SAVFI with scrip code 511577 on BSE Limited. The company secretary and compliance officer, Puspraj Pandey (ICSI Membership No. A38542), has overseen the regulatory compliance aspects of this preferential allotment announcement.

Mantra Capital Limited (formerly Savani Financials Limited) announced its unaudited financial results for the quarter ended December 31, 2025, revealing continued losses despite significant revenue growth. The Board of Directors also approved major capital restructuring initiatives to strengthen the company's financial position.

Financial Performance Overview

The company reported a net loss of Rs. 306.01 lakhs for Q3FY26, representing a 59.23% increase from the loss of Rs. 192.20 lakhs recorded in Q3FY25. For the nine-month period ended December 31, 2025, the cumulative loss stood at Rs. 882.12 lakhs compared to Rs. 478.13 lakhs in the corresponding period of the previous year.

Revenue Components and Growth Drivers

The company's revenue from operations showed remarkable growth across multiple segments. Interest income surged to Rs. 422.04 lakhs from Rs. 30.06 lakhs year-on-year, while fees and commission income increased to Rs. 37.76 lakhs from Rs. 8.66 lakhs. Net gain on fair value changes measured at FVTPL contributed Rs. 8.60 lakhs compared to Rs. 36.00 lakhs in the previous year.

Expense Analysis

Despite revenue growth, the company faced significant expense increases. Employee benefits expense rose to Rs. 367.10 lakhs from Rs. 147.82 lakhs, while finance costs jumped dramatically to Rs. 195.33 lakhs from Rs. 1.81 lakhs. Legal and professional expenses remained substantial at Rs. 83.33 lakhs compared to Rs. 68.17 lakhs in the previous year.

Capital Restructuring Initiatives

The Board approved several strategic capital initiatives to support business growth:

Preferential Allotment Details

The company plans to issue 48.25 lakh equity shares at Rs. 20 per share (including Rs. 10 premium) to seven investors including Mrs. Shaila Koppikar, Mr. Jagdish Mundkur, Mr. Arun Heble, Vikram Samsi, Mr. Gurunandan Samsi, Dr. Krishna Rao, and Mr. Giriraj Chandak. Additionally, 45 lakh warrants will be allotted to Ms. Deepa Tracy, the Promoter and Managing Director.

Share Capital and Forfeiture Actions

The company's paid-up equity share capital stood at Rs. 3,199.17 lakhs as of December 31, 2025. The Board approved the forfeiture of 45,442 partly paid-up equity shares due to non-payment of the first and final call money of Rs. 2 per share, following multiple reminder notices issued between September 2024 and July 2025.

The valuation for the securities issuance was conducted by Mr. Anurag Singal, a Registered Valuer, with January 28, 2026, as the relevant date for valuation purposes. All proposed capital initiatives are subject to member approval and other statutory requirements.