Savani Financials
13.72
-1.11(-7.48%)
Market Cap₹43.85 Cr
PE Ratio-4.05
Company Performance:
1D-7.48%
1M-16.49%
6M-15.62%
1Y-40.35%
5Y+30.67%
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More news about Savani Financials
25Sept 25
Savani Financials Shareholders Approve Rs 500 Crore Borrowing Limit and Major Corporate Changes at 41st AGM
Savani Financials Limited's 41st AGM approved several key resolutions. The borrowing limit was increased to Rs 500 crore, and authorized share capital raised to Rs 100 crore. Shareholders approved the 'Savani Financials Employee Stock Option Scheme 2024'. The company name change and new Articles of Association were agreed upon. Material related party transactions for FY 2025-2026 were approved. M/s. Bansal and Company were appointed as Secretarial Auditor for five years. Ms. Deepa Kishor Tracy was reappointed as Managing Director. Various management remuneration frameworks were also approved.
28Aug 25
Savani Financials Board Approves New Articles of Association and Executive Compensation Frameworks
Savani Financials' Board of Directors approved several key proposals on August 28, 2025. These include new Articles of Association, compensation frameworks for the Managing Director, CEO, Non-Executive Independent Directors, and Senior Managerial Personnel. The board also approved the Notice for the 41st Annual General Meeting for FY 2024-2025. All approvals are subject to shareholder consent at the upcoming General Meeting. The company disclosed these decisions to BSE Limited in compliance with SEBI regulations.
22Jul 25
Mantra Capital Surpasses 1,000 Loan Disbursals, Receives RBI Nod for Name Change
Savani Financials Limited, operating as Mantra Capital, received RBI approval for name change to Mantra Capital Limited. The company disbursed over 1,000 secured loans in its first operational year, with AUM growing to ₹43 crores by June 2025. Mantra Capital focuses on secured business and green loans, operating 17 branches across four states with 146 employees. Despite a net loss, the company's revenue significantly increased from ₹17.54 lakhs to ₹248.47 lakhs year-over-year for the quarter ended June 30, 2025.
22Jul 25
Savani Financials Reports Wider Q1 Loss, Announces Name Change and Leadership Shifts
Savani Financials reported a net loss of Rs. 255.52 lakhs for Q1, up from Rs. 159.14 lakhs last year, despite revenue growth to Rs. 246.27 lakhs. The company announced plans to rebrand as Mantra Capital Limited, subject to approvals. Other changes include the resignation of Company Secretary Darsh Mehta and appointment of M/s. Bansal and Company as Secretarial Auditor.
22Jul 25
Savani Financials Limited Set to Rebrand as Mantra Capital Limited, Appoints New Secretarial Auditor
Savani Financials Limited plans to change its name to Mantra Capital Limited, subject to approvals. The company appointed M/s. Bansal and Company as Secretarial Auditor for five years. Q1 FY2026 financial results show revenue increase to ₹248.47 lakhs but higher net loss of ₹255.52 lakhs. The Board accepted the resignation of Mr. Darsh Mehta as Company Secretary and approved the Board Report for the 41st AGM.
Savani Financials
13.72
-1.11
(-7.48%)
1 Year Returns:-40.35%
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