Savani Financials Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve In accordance to Regulation ....
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Savani Financials Limited (BSE: 511577, SAVFI) has informed BSE that its Capital Raising Committee of the Board will meet on Wednesday, 28 May 2025. The main agenda is to consider and approve the draft private placement offer letter for issuing Secured, Un-listed and Un-rated Non-Convertible Debentures (NCDs). The Board will also consider appointing a Debenture Trustee for the proposed issue. The filing is made under SEBI LODR Regulation 29(1). Note: The company in the document is Savani Financials Limited, not Mantra Capital Ltd as listed in the headline.
Shareholders should watch for follow-up disclosures on the size, coupon rate, and tenure of the proposed NCD issuance, as it will indicate how much debt the company plans to raise privately. Such debt raise may impact existing debtholders and signal the company's funding plans, though it does not directly dilute equity shareholders.