Pursuant to Regulation 32 of SEBI (LODR), 2015 please find herewith Statement of Deviation or Variation for the quarter ended March 31, 2025
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Mantra Capital Ltd (trading as SAVFI, scrip 511577) has filed its quarterly statement on the use of funds raised through its Rights Issue, in line with SEBI's Regulation 32. The company raised a total of Rs. 4,897.70 lakhs (about Rs. 49 crore) via the Rights Issue of 2.80 crore partly paid-up equity shares at Rs. 17.50 each. The final call money of Rs. 3.50 per share was collected on 22 January 2025. The full amount has now been deployed: Rs. 3,550 lakhs to augment the capital base, Rs. 92 lakhs to repay an unsecured loan taken from a director, and Rs. 1,255.70 lakhs for general corporate purposes. A minor adjustment of Rs. 0.02 lakhs (Rs. 2,000) was made between objects because unsecured loans had been availed before the Rights Issue closed. The Audit Committee reviewed and signed off on the statement on 5 May 2025.
This is a routine compliance filing and shows that the company has fully utilized the Rights Issue proceeds for the originally stated purposes. No material deviation or misuse of funds was flagged, which is a neutral-to-slightly-positive signal for shareholders regarding fund management discipline.