Mantra Capital Limited (formerly Savani Financials Limited) successfully concluded its Extra-Ordinary General Meeting on February 27, 2026, with shareholders demonstrating unanimous support for all proposed resolutions. The meeting, conducted through video conferencing from 11:00 AM to 11:17 AM, addressed critical corporate restructuring matters.

Meeting Overview and Participation

The EGM was held pursuant to Section 108 of the Companies Act, 2013, with Mr. Keyur Ghelani of K. P. Ghelani & Associates serving as the scrutinizer. The company utilized Bigshare Services Private Limited for e-voting and video conferencing services. Shareholders holding shares as of the record date February 20, 2026, were eligible to participate in the voting process.

Resolution Results and Voting Outcomes

All four resolutions presented at the EGM received unanimous approval from participating shareholders. The voting demonstrated strong shareholder confidence in the company's strategic direction.

Resolution 1: Rescinding Previous Authorization

The first ordinary resolution to rescind the shareholders' resolution pertaining to increase in authorized capital passed at the AGM held on September 25, 2025, received overwhelming support.

Resolution 2: Authorized Share Capital Increase

The second ordinary resolution for increasing the authorized share capital and consequential amendment in the Memorandum of Association received identical support with 24585588 votes in favour and zero votes against.

Resolution 3: Preferential Issue of Equity Shares

The special resolution for issuing equity shares on preferential basis under various regulatory provisions was passed with the same voting pattern, demonstrating consistent shareholder alignment.

Resolution 4: Preferential Issue of Warrants

The fourth special resolution regarding the issue of warrants on preferential basis showed different participation levels, with 67 members casting 585588 valid votes, all in favour of the resolution.

Corporate Governance and Compliance

The meeting adhered to all regulatory requirements under the Companies Act, 2013, and SEBI regulations. The e-voting period commenced on February 24, 2026, at 09:00 AM and concluded on February 26, 2026, at 05:00 PM, providing adequate time for shareholder participation. The votes were unblocked on February 27, 2026, at 06:00 PM in the presence of independent witnesses.

The scrutinizer's report confirmed that all procedural requirements were met, with proper notice distribution through electronic means and compliance with MCA circulars. The company's transformation from Savani Financials Limited to Mantra Capital Limited reflects its strategic repositioning in the financial services sector.

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.