In accordance to SEBI (LODR) Regulations, 2015 we hereby submit Annual Report of the 41st Annual General Meeting of the Company which is scheduled to be held on Thursday 25th September, ....
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Savani Financials Limited (now being renamed Mantra Capital Limited) has filed the notice and annual report for its 41st Annual General Meeting, scheduled for Thursday, 25th September 2025 at 11:00 a.m. via video conferencing. The AGM includes several key business items: approval to raise borrowing limits to Rs. 500 crore, increasing authorised share capital from Rs. 38 crore to Rs. 100 crore, changing the company name to Mantra Capital Limited, adopting a new set of Articles of Association, and approving an Employee Stock Option Scheme (ESOS 2024) covering up to 32 lakh options. The company also seeks approval for material related party transactions with promoter Ms. Deepa Tracy (loans up to Rs. 50 crore plus interest and rent), managerial remuneration of Rs. 75 lakh per annum for the Managing Director, and sweat equity shares linked to AUM milestones of Rs. 300 crore (by March 2027) and Rs. 600 crore (by March 2028). The annual report highlights that Mantra Capital is an RBI-regulated NBFC focused on secured business loans and green loans for EV auto-rickshaws and cargo vehicles, having crossed 1,000 borrowers and Rs. 43 crore in AUM by June 2025 across 17 branches in South India and Delhi NCR.
This is a procedural AGM filing, but it contains several shareholder-actionable proposals, particularly the proposed name change, capital expansion, and ESOP scheme. The name change and rebrand to Mantra Capital aligns with the company's pivot to an EV-financing NBFC, while the sweat equity tied to AUM milestones gives the MD strong incentive for growth. Existing shareholders should review the related party transactions and capital-related resolutions, as they expand the company's borrowing and equity-raising capacity significantly.