In accordance to SEBI(LODR) Regulations, 2015, we hereby submit Notice and Annual Report of 41st Annual General Meeting of the Company which is scheduled to be held on Thursday, 25th September, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Savani Financials Limited (now rebranding as Mantra Capital Limited) has filed the notice and annual report for its 41st AGM, scheduled for September 25, 2025 via video conferencing. The company's FY25 was foundational, launching operations in September 2024 and crossing 1,000 borrowers with Assets Under Management of over Rs. 43 crore by June 2025, spread across 17 branches in Karnataka, Andhra Pradesh, Telangana, and Delhi NCR. Key special business items include increasing authorized share capital from Rs. 38 crore to Rs. 100 crore, raising borrowing limits to Rs. 500 crore, introducing ESOS 2024 covering up to 32 lakh stock options, and approving sweat equity for Managing Director Deepa Tracy tied to AUM milestones of Rs. 300 crore (by FY27) and Rs. 600 crore (by FY28). The company also seeks approval to change its name to Mantra Capital Limited, for which RBI has already granted a No-Objection Certificate, and to enter into material related party transactions for FY26 including a Rs. 50 crore loan from the promoter.
Shareholders will vote on meaningful capital structure changes including a potential equity raise capacity increase, dilution risk from the 32-lakh ESOP pool, and management sweat equity directly linked to aggressive AUM growth targets. The alignment of MD compensation to AUM milestones signals strong growth ambitions, but the multiple special resolutions (name change, capital increase, borrowing powers up to Rs. 500 crore) indicate the company is gearing up for a significant scale-up phase.