Mantra Capital Limited (formerly Savani Financials Limited) has scheduled an Extraordinary General Meeting (EGM) for February 27, 2026, to seek shareholder approval for a comprehensive ₹18.65 crore preferential issue comprising equity shares and warrants. The company announced the EGM schedule through a regulatory filing with BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015.

EGM Schedule and E-Voting Timeline

The company has established a detailed timeline for the upcoming EGM proceedings, with remote e-voting facilities available to shareholders ahead of the meeting.

Comprehensive Capital Raising Agenda

The EGM agenda includes four special resolutions covering various aspects of the company's capital structure and fundraising initiatives. The meeting will address authorised capital adjustments, equity share allotment, and warrant issuance through preferential basis.

Equity Shares Preferential Issue

The company seeks approval for issuing 48.25 lakh equity shares at ₹20 per share (including ₹10 premium), aggregating ₹9.65 crores to seven identified non-promoter investors.

Warrants Issue to Promoter

Additionally, the company proposes to issue 45.00 lakh warrants at ₹20 each to Mrs. Deepa Kishor Tracy, Managing Director and promoter, aggregating ₹9.00 crores. The warrants will be exercisable into equity shares within 18 months from allotment date.

Authorised Capital Restructuring

The EGM will also address the company's authorised capital structure, including rescinding a previous resolution and approving a new increase from ₹38.00 crores to ₹50.00 crores. This increase will create additional 1.20 crore equity shares of ₹10 each to accommodate the proposed preferential issues.

Regulatory Compliance and Valuation

The preferential issue has been structured in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issue price determination is based on a valuation report dated January 30, 2026, issued by Mr. Anurag Singal (Registration No. IBBI/RV/06/2022/14679), with the relevant date fixed as January 28, 2026.

The EGM will be conducted through video conferencing (VC) or other audio-video means (OAVM) in compliance with MCA and SEBI circulars. Members can participate in the meeting and exercise their voting rights through the designated e-voting platform provided by Bigshare Services Private Limited.

Mantra Capital Limited (formerly Savani Financials Limited) announced its unaudited financial results for Q3FY26 alongside significant business milestones, revealing a mixed performance with substantial revenue growth offset by increased losses. The BSE-listed, RBI-regulated NBFC has achieved remarkable operational expansion while implementing strategic capital restructuring initiatives.

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. Despite the widening losses, revenue performance showed exceptional growth with total revenue surging 524.61% year-on-year.

Business Growth and Operational Milestones

Mantra Capital achieved significant operational milestones during the quarter, crossing the Rs. 100 crore Assets Under Management (AUM) threshold. The company's quarterly AUM progression demonstrates consistent growth trajectory across recent quarters.

The company operates across four key markets with 18 branches: Karnataka (6 branches), Andhra Pradesh (6 branches), Telangana (5 branches), and Delhi NCR (1 branch). The employee base has grown to 176 personnel, with 107 direct customer-facing team members as of Q3FY26.

Revenue Components and Strategic Partnerships

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. The company has established 11 strategic partnerships, including tie-ups with Mahindra, OSM, Greaves, and institutional partnerships with AU Small Finance Bank.

Capital Restructuring Initiatives

The Board approved comprehensive capital initiatives to support business expansion, including authorized capital increase from Rs. 38 crores to Rs. 50 crores and preferential allotment worth Rs. 18.65 crores.

Product Portfolio and Market Focus

Mantra Capital specializes in secured lending solutions, maintaining a 100% secured loan portfolio focused on green loans and business loans for India's entrepreneur-led businesses. The company targets general trade and the logistics & mobility economy across high-potential markets in South India and Delhi NCR. The valuation for securities issuance was conducted by registered valuer Mr. Anurag Singal, with all proposed initiatives subject to member approval and statutory requirements.