Issuance of 48,25,000 Equity shares of face value Rs. 10/-each at an issue price of Rs. 20/- per share on preferential basis.
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The board of Mantra Capital Ltd (formerly Savani Financials Ltd) has approved issuing 48,25,000 equity shares of face value Rs. 10 each at Rs. 20 per share, including a Rs. 10 premium per share. The total issue size aggregates to Rs. 9.65 crore. The shares will be allotted on a preferential basis to 7 identified individuals including Mrs. Shaila Koppikar, Mr. Jagdish Mundkur, Mr. Arun Heble, Vikram Samsi, Mr. Gurunandan Samsi, Dr. Krishna Rao, and Mr. Giriraj Chandak. After this allotment, the company's paid-up share capital will rise to Rs. 36.78 crore, comprising 3,67,79,558 equity shares of Rs. 10 each. The issue is subject to shareholder and other statutory approvals, with pricing based on a valuation report dated January 30, 2026.
This preferential issue will dilute existing shareholders by raising the share count to about 3.68 crore from around 3.19 crore shares. The company raises Rs. 9.65 crore at a premium to book value, which is mildly positive as it signals fresh capital infusion, though the use of proceeds is not specified in the filing.