Increase in the Authorised Share Capital of the Company and consequential alteration of clause v of the Memorandum of Association of the Company.
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Mantra Capital Ltd's board has approved raising the company's authorised share capital from Rs. 38 crore to Rs. 50 crore, an increase of Rs. 12 crore. This means the company can now issue up to 4.75 crore equity shares of Rs. 10 each (up from 3.55 crore), while the 25 lakh redeemable preference shares remain unchanged. The change requires approval from shareholders and will result in an amendment to Clause V of the Memorandum of Association. The board meeting was held on January 30, 2026.
This is a procedural step that gives the company headroom to issue more shares in the future (such as through a rights issue, preferential allotment, or further fundraising), but it does not itself result in any dilution or new shares being issued. Shareholders will see no immediate impact on their holdings or the stock price; however, it signals the company is preparing for potential future capital raising, pending shareholder approval.