Pursuant to Regulation 32 of SEBI(LODR) Regulations, 2015, please find herewith Statement of Deviation or Variation for the Quarter ended March 31, 2026.
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Mantra Capital Ltd has filed its quarterly statement under Regulation 32 of SEBI(LODR) regarding utilization of proceeds from a Rights Issue that raised Rs. 4898.23 Lakhs (approximately Rs. 48.98 crore) on March 28, 2025. The filing states no deviation or variation in fund utilization. However, the detailed table shows minor discrepancies: Rs. 0.02 Lakhs additional utilization for repaying unsecured director loans (allocated Rs. 91.98 Lakhs, utilized Rs. 92.00 Lakhs), and Rs. 92.72 Lakhs more utilized for General Corporate Purposes (allocated Rs. 1163.23 Lakhs, utilized Rs. 1256.23 Lakhs). The Audit Committee reviewed and noted this statement on April 24, 2026.
There is a contradiction between the stated no-deviation claim and the actual table figures showing additional fund utilization. Shareholders should note the discrepancies in General Corporate Purposes spending. This inconsistency between the cover letter and annexure data warrants attention regarding disclosure accuracy.