No deviation in fund utilisation for Q1FY27; Preferential and Rights Issue proceeds used as planned
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Mantra Capital confirms no deviation in fund utilisation for Q1FY27. Preferential Issue (Rs. 1,215 lakhs; equity plus warrants at 50 percent issue price, allotted April 2026) and Rights Issue (Rs. 4,898.23 lakhs, May 2024) proceeds used as per stated objects. Rights Issue allocation: Rs. 3,550 lakhs for capital base, Rs. 92 lakhs for director loan repayment, Rs. 1,256.23 lakhs for general corporate purposes. Preferential funds used for business operations and lending growth. Audit Committee noted the statement on July 17, 2026.
Routine compliance filing confirming funds used as planned. No governance red flags. Minor utilisation differences within approved limits.