Savani Financials announced several key decisions made during its Board of Directors meeting held on August 28, 2025. The board approved a range of significant proposals that will shape the company's governance and compensation structures, subject to shareholder approval at the upcoming General Meeting.

New Articles of Association

The board has given its nod to a new set of Articles of Association for the company. This fundamental document outlines the rules and regulations for the company's internal management and is crucial for defining how the company operates.

Executive Compensation Frameworks

Several compensation frameworks were approved during the meeting:

• Managerial Remuneration for Managing Director: A new framework for the Managing Director's compensation was approved.
• Chief Executive Officer Compensation: The board sanctioned a compensation package for the Chief Executive Officer.
• Non-Executive Independent Directors Remuneration: A framework for remunerating Non-Executive Independent Directors was established.
• Senior Managerial Personnel Compensation: The board approved a remuneration framework for Senior Managerial Personnel.

Annual General Meeting

The Notice for the Forty First Annual General Meeting for the financial year 2024-2025 was also approved during the board meeting. This sets the stage for shareholders to review and vote on the proposed changes.

Regulatory Compliance

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Savani Financials promptly disclosed these decisions to the BSE Limited.

Board Meeting Details

The board meeting commenced at 11:30 a.m. and concluded at 5:30 p.m., demonstrating the extensive discussions that took place regarding these important matters.

It's important to note that all these approvals are subject to shareholder consent, which will be sought at the upcoming General Meeting. Shareholders will play a crucial role in finalizing these significant changes to the company's governance and compensation structures.

Investors and stakeholders of Savani Financials should keep an eye out for further announcements regarding the date of the Annual General Meeting and the detailed proposals that will be put to vote.

Savani Financials Limited , operating under the brand Mantra Capital, has announced two significant milestones in its journey towards becoming a prominent player in India's financial services sector.

RBI Approval for Name Change

The Reserve Bank of India (RBI) has provided a No Objection Letter for the company's name change from Savani Financials Limited to Mantra Capital Limited. This approval marks a crucial step in the company's rebranding efforts, with statutory processes including ROC filings currently underway to complete the transition.

Loan Disbursals Milestone

In a testament to its growing market presence, Mantra Capital has successfully disbursed over 1,000 secured loans within its first operational year. This achievement underscores the company's commitment to providing structured, livelihood-linked financial solutions to underserved segments.

Robust Growth in Assets Under Management

Mantra Capital has demonstrated strong quarter-on-quarter growth in its Assets Under Management (AUM):

This rapid growth trajectory reflects the company's expanding market reach and the increasing demand for its financial products.

Focus on Secured Lending

The company maintains a 100% secured lending portfolio, focusing on two key areas:

1. Secured Business Loans: Providing financial credit solutions for entrepreneur-led businesses.
2. Secured Green Loans: Catering to the promising logistics and mobility space.

Management Commentary

Jatinder Mohan Singh Shah, Chief Executive Officer of Mantra Capital, commented on the milestone: "Crossing 1,000 disbursals within our first operational year is a strong validation of our distribution strength and product-market fit. With ₹43 crore in AUM and a 100% secured portfolio, we remain focused on scaling responsibly while addressing real credit gaps for deserving entrepreneurs."

Deepa Tracy, Managing Director, added: "At Mantra Capital, our focus remains rooted in impact. Each loan disbursed is a step toward uplifting the rural and semi-urban landscape. We believe in the power of financial inclusion to transform livelihoods, empower micro-entrepreneurs, and contribute to a more equitable future for India."

Operational Footprint

Mantra Capital currently operates 17 branches with a workforce of 146 employees across Karnataka, Telangana, Andhra Pradesh, and Delhi. The company has also established strategic partnerships with key players in the industry, including Mahindra, OSM, and Greaves.

Financial Performance

For the quarter ended June 30, 2025, Savani Financials Limited reported:

• Total revenue from operations: Rs. 246.27 lakhs
• Net loss: Rs. 255.52 lakhs
• Earnings per share: Rs. (0.80)

While the company is currently operating at a loss, the significant growth in revenue from Rs. 17.54 lakhs in the same quarter last year to Rs. 248.47 lakhs this quarter indicates strong business momentum.

As Mantra Capital continues its growth trajectory, it aims to play a pivotal role in India's financial inclusion landscape, focusing on responsible scaling and addressing the credit needs of underserved segments.