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.

Mantra Capital Limited (formerly Savani Financials Limited) has reached a significant milestone by crossing ₹100 crore in Assets Under Management (AUM), as announced in a media release dated January 28, 2026. The BSE-listed, RBI-regulated Non-Banking Financial Company (NBFC) filed this achievement under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Milestone Achievement Details

The company's achievement of ₹100 crore in AUM represents a significant growth milestone in its journey as an NBFC focused on empowering entrepreneur-led businesses. This milestone reflects the company's strategic focus on providing access to finance for small and emerging entrepreneurs, particularly across South India.

Management Commentary

Deeptal Tracy, Managing Director of Mantra Capital, emphasized the significance of this achievement: "Crossing ₹100 crore in AUM is a meaningful moment for all of us at Mantra Capital. It reinforces our belief that thoughtful credit design, strong governance, and a people-first approach can create scalable and responsible growth. We remain focused on building a resilient institution that supports entrepreneurs while creating long-term value for all stakeholders."

Jatinder Mohan Singh Shah, Chief Executive Officer, highlighted the strategic approach behind this growth: "This milestone represents more than a number. It reflects the trust placed in us by our partners, investors, and the thousands of entrepreneurs we support. Our growth has been driven by a clear strategy — focusing on the right markets, the right products, and building a strong on-ground team backed by data and technology."

Business Strategy and Focus Areas

Mantra Capital's portfolio is anchored in income-generating credit solutions that support sustainable livelihoods and promote the adoption of green mobility. The company's growth strategy encompasses several key elements:

• Regional Focus: Deep concentration on South India markets with expansion into Delhi NCR
• Sector Specialization: General trade and logistics & mobility economy
• Risk Management: Risk-calibrated underwriting processes
• Technology Integration: Data and technology-backed operations
• Sustainability Focus: Climate-positive outcomes through green mobility financing

Company Background

Mantra Capital Limited, formerly known as Savani Financials Limited, operates as a BSE-listed NBFC under RBI regulation. The company is headquartered in Mumbai and focuses on building access to credit for India's entrepreneur-led businesses. The organization designs sharp, risk-calibrated financial solutions specifically tailored for general trade and the expanding logistics and mobility sectors.

The company continues to strengthen its institutional foundations, technology stack, and governance framework to support its next phase of growth, building on the disciplined execution and regional expertise that enabled this AUM milestone.