Mantra Capital Rescinds Share Capital Resolution After Strategic Review
Mantra Capital Limited has strategically reversed its share capital expansion plans by approving the rescission of a resolution passed at its 41st AGM in September 2025. The decision follows a comprehensive review of the company's present business requirements and future capital structure, with the board determining that the previously approved authorised share capital increase no longer aligns with current business objectives.

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Savani Financials Limited, now operating as Mantra Capital Limited, announced a strategic reversal of its share capital expansion plans following its board meeting held on December 30, 2025. The company communicated this development to BSE Limited through a formal disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Decision and Strategic Rationale
The board meeting resulted in the approval of a proposal to rescind the members' resolution that was passed at the 41st Annual General Meeting held on September 25, 2025. The original resolution pertained to increasing the company's authorised share capital, but the board has now decided against proceeding with this expansion.
| Resolution Details: | Information |
|---|---|
| Original AGM Date: | September 25, 2025 |
| AGM Number: | 41st Annual General Meeting |
| Resolution Type: | Increase in authorised share capital |
| Current Status: | Rescission approved, subject to member approval |
| Board Meeting Date: | December 30, 2025 |
Business Considerations Behind Decision
According to the company's disclosure, the decision to rescind the resolution was taken after due consideration of the company's present business requirements and the existing and future capital structure. This strategic review indicates that the management has reassessed its capital needs and determined that the previously approved share capital increase is no longer aligned with current business objectives.
Implementation and Next Steps
The rescission is subject to approval from the company's members, following standard corporate governance procedures. The company has confirmed it will not proceed with implementing the original share capital increase resolution, effectively halting the expansion of its authorised share capital that was previously sanctioned by shareholders.
| Implementation Details: | Status |
|---|---|
| Member Approval Required: | Yes |
| Original Resolution Status: | Will not be implemented |
| Regulatory Compliance: | Regulation 30 disclosure completed |
| Trading Symbol: | SAVFI (BSE: 511577) |
Regulatory Compliance and Disclosure
The announcement was made in strict accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was digitally signed by Deepa Tracy, Managing Director (DIN-00516615), and submitted to BSE Limited from Mumbai. The company trades under the scrip name SAVFI with scrip code 511577 on the BSE platform.
Historical Stock Returns for Savani Financials
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | +6.75% | +5.41% | -6.00% | -27.23% | +52.19% |





























