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 , now operating as Mantra Capital Limited, has received its fresh Certificate of Registration from the Reserve Bank of India (RBI), completing the final regulatory requirements for its name change process.

Fresh Certificate of Registration Details

The company has received Certificate of Registration bearing No. B-13.01071 dated December 08, 2025, from the RBI approving the change of name from "Savani Financials Limited" to "Mantra Capital Limited". The original copy was received by the company on December 31, 2025.

Regulatory Compliance and Disclosure

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has informed BSE Limited about the receipt of the fresh certificate. The disclosure was made under the regulatory framework for communications from licensing authorities.

Public Notice Publication Compliance

The company has published public notices regarding the RBI approval for name change in the following newspapers:

Business Operations and Performance

Mantra Capital has demonstrated strong operational performance with over 1,000 secured loan disbursals within its first operational year. The company maintains a 100% secured lending portfolio, focusing on secured business loans for entrepreneur-led businesses and secured green loans for the logistics and mobility space.

The company currently operates 17 branches with 146 employees across Karnataka, Telangana, Andhra Pradesh, and Delhi. For the quarter ended June 30, 2025, the company reported total revenue from operations of ₹246.27 lakhs, representing significant growth from ₹17.54 lakhs in the same quarter of the previous year.

Management Commentary

Deepti Tracy, Managing Director, emphasized that the name change does not affect the company's legal status, ownership, management, business operations, rights, or obligations. All existing agreements and arrangements executed under the former name continue to be valid and enforceable under the new name.

The completion of the RBI certificate receipt marks the final milestone in the company's rebranding efforts as it continues to focus on responsible scaling and addressing credit needs of underserved segments in India's financial inclusion landscape.