Submission of Scutinizer''s Report of Voting Results for Forty First Annual General Meeting (AGM) of the Company held on Thursday, 25th September, 2025
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Awaiting price reaction for this filing.
Savani Financials Limited (BSE: 511577, now renamed Mantra Capital Ltd per Resolution 11) held its 41st AGM on September 25, 2025 via video conferencing, where shareholders voted on 17 resolutions, all of which passed with 100% approval. Key resolutions included adoption of FY25 audited financials, re-appointment of Managing Director Ms. Deepa Kishor Tracy, increase in authorized capital up to Rs. 100 crore, approval of the Savani Financials ESOS 2024 stock option scheme (including grants to group/subsidiary employees), material related party transactions for FY26, and frameworks for remuneration to MD, CEO, and independent directors. Voting was conducted through NSDL's remote e-voting platform, with around 24.58 lakh shares participating on most resolutions and 5.83 lakh shares on resolutions where promoter-group shareholders recused themselves (MD/CEO remuneration and related party items).
Routine compliance filing — all resolutions passed cleanly with near-unanimous support, so no negative price impact expected. Notable items to watch: the company's name change to Mantra Capital Ltd, a sharp jump in authorized capital to Rs. 100 crore (signaling possible fundraising plans), and the newly approved ESOP scheme which could lead to future equity dilution for shareholders.