Pursuant to Regulation 32 of SEBI (LODR), Regulation, 2015, please find herewith Statement of Deviation or Variation for the Quarter and half year ended September 30, 2025.
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Mantra Capital Ltd (BSE: 511577, SAVFI) has filed a quarterly statement under SEBI LODR Regulation 32 confirming that there is no deviation or variation in the use of proceeds from its Rights Issue. The company raised Rs. 4,898.23 Lakhs through the Rights Issue on August 18, 2025, and had planned to use the money across three purposes: augmenting the capital base (Rs. 3,550 Lakhs), repaying an unsecured loan of Rs. 91.98 Lakhs to the Managing Director (along with interest), and general corporate purposes (Rs. 1,163.23 Lakhs). All funds have been fully utilised, with only minor tweaks — a small Rs. 0.02 Lakhs extra on director loan repayment due to accrued interest, and a small reallocation between objects for general corporate purposes. The Audit Committee reviewed and approved the statement on November 12, 2025.
This is a routine compliance filing with no negative implications. The clean report (no deviation) reassures shareholders that management has used Rights Issue funds exactly as promised in the Letter of Offer, which is a positive governance signal.