Board approves Q1 results, sweat equity to CEO, MoA changes
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Mantra Capital's board approved Q1FY27 results with revenue from operations more than doubling to Rs 583.85 lakh from Rs 241.30 lakh YoY, but net loss widened to Rs 395.70 lakh from Rs 255.53 lakh due to a sharp jump in finance costs to Rs 307.13 lakh from Rs 24.82 lakh. Board also approved MoA changes to include NBFC, EV financing, MSME lending and green finance businesses, new Articles of Association, and allotment of 1,06,666 sweat equity shares to CEO Mr. Jatinder Mohan Singh Shah for achieving the Rs 100 crore AUM milestone by March 31, 2026.
Revenue doubled YoY but losses deepened sharply. Strategic pivot to NBFC, EV and green finance lending signals major business overhaul.