Rescission of Members Resolution passed at 41st AGM held on September 25, 2025 for Increase of Authorised Share Capital of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Mantra Capital Ltd (formerly Savani Financials Limited) has approved rescinding (cancelling) the resolution passed at the 41st AGM on September 25, 2025 that would have increased the company's authorised share capital. The company will not proceed with implementing that capital expansion. The decision was made after reviewing the company's current business needs and its existing and future capital structure.
The proposed authorised share capital expansion will not take place, meaning the company will not be creating room for issuing new shares via this route for now. This is a neutral-to-mildly-negative signal for any potential shareholders expecting dilution-related fundraising in the near term.