Statement of deviation or variation for quarter and nine months ended December 31, 2025.
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Mantra Capital has filed a routine compliance statement under SEBI Regulation 32 confirming that there is no deviation or variation in the use of proceeds from its Rights Issue. The company had raised Rs. 4,898.23 lakhs through the Rights Issue, which closed on March 28, 2025. The funds have been utilised across three stated objects: Rs. 3,550 lakhs to augment the capital base, Rs. 92 lakhs to repay an unsecured loan taken from a Director, and Rs. 1,256.23 lakhs for general corporate purposes. The slight increase in the general corporate purposes allocation is offset by a small reduction in the capital base allocation, all within the original framework. The Audit Committee reviewed and noted the statement at its meeting on January 30, 2026.
This is a routine compliance disclosure with no negative implications for shareholders — it simply confirms that the company has used the Rights Issue money as originally disclosed. No material action is expected on the stock from this filing.