Allotment of Equity Shares and Warrants pursuant to Preferential Issue

Mantra Capital Ltd completed a preferential issue allotting 38,25,000 equity shares to 6 non-promoter investors at Rs. 20 per share (face value Rs. 10 + Rs. 10 premium), raising Rs. 7.65 crore. Additionally, 45,00,000 warrants were allotted to Ms. Deepa Kishor Tracy, the Promoter and Managing Director, at Rs. 20 per warrant. Only 50% of the warrant price (Rs. 10 per warrant = Rs. 4.5 crore) was paid upfront; the remaining Rs. 4.5 crore is payable upon exercise within 18 months. Each warrant is convertible into 1 equity share at the same price. One offeree (Mr. Arun Heble) did not subscribe, so no shares were allotted to him. Post-allotment, the company's paid-up capital will be Rs. 40.28 crore (4,02,79,558 shares fully paid-up).