Mantra Capital Limited (formerly Savani Financials Limited) has announced the appointment of Mr. Puspraj Pandey as Company Secretary and Compliance Officer, effective December 30, 2025. The appointment was approved by the Board of Directors at their meeting held on December 30, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Regulatory Compliance

The Board of Directors considered and approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The company has fulfilled its regulatory obligations by informing BSE Limited about this key managerial appointment through proper disclosure requirements under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Appointee Profile and Qualifications

Mr. Puspraj R. Pandey brings significant expertise to his new role at Mantra Capital Limited. His professional background and qualifications are outlined below:

Key Responsibilities and Role

As Company Secretary and Compliance Officer, Mr. Pandey will be responsible for ensuring the company's adherence to corporate governance standards and regulatory compliance requirements. His extensive experience in Corporate Laws and SEBI Regulations positions him well to handle the compliance obligations of the listed entity.

Corporate Structure and Leadership

The appointment was announced by Ms. Deepa Tracy, Managing Director of Mantra Capital Limited, who holds DIN: 00516615. The company trades on BSE under the scrip code 511577 with the symbol SAVFI. The formal communication to BSE was digitally signed and submitted on December 30, 2025.

Regulatory Framework

The appointment follows the prescribed regulatory framework under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as mandated under Regulation 30 of the SEBI regulations, ensuring full transparency and compliance with listing obligations.

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.

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.

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.