In accordance to Regulation 30 of SEBI (LODR), Regulations 2015, the Board of Directors in its meeting held on today, i.e. 21st July, 2025 considered and approved - 1.Alteration of ....
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The Board of Directors of Savani Financials Limited met on July 21, 2025 and approved two key items. First, the company is changing its name to 'Mantra Capital Limited', which requires altering the Memorandum and Articles of Association, subject to approval from the Registrar of Companies and shareholders at the next general meeting. Second, the Board appointed M/s. Bansal & Company, a firm of Practising Company Secretaries led by CS Lucky Bansal Choudhary, as the Secretarial Auditor for a period of five consecutive financial years, also subject to shareholder approval. The trading symbol currently remains SAVFI (Scrip Code: 511577). The new name reflects a potential rebranding or strategic shift, though the company has not disclosed the underlying business rationale.
The name change to Mantra Capital Limited signals a possible rebranding or strategic repositioning, though no business rationale was disclosed — investors should watch for further announcements explaining the new direction. The 5-year appointment of a secretarial auditor is routine governance housekeeping and is unlikely to affect the stock price directly.