The Company has received a No Objection Letter dated 16th July, 2025 from the Reserve Bank of India for change in name of the Company from "Savani Financials Limited" to "Mantra Capital ....
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Savani Financials Limited has received a No-Objection Letter from the Reserve Bank of India dated July 16, 2025, allowing it to change its name to 'Mantra Capital Limited.' The company had applied for this on May 6, 2025. The RBI approval is valid for six months, meaning the company must complete the name change within that period or reapply. Next steps include getting approval from the Registrar of Companies, surrendering the original RBI Certificate of Registration, and publishing notices in local and national newspapers. The company has stated there are no financial implications or penalties attached to this communication.
This is a routine regulatory approval and does not affect the company's financials or operations. Shareholders should note that the company name and possibly its trading symbol/scrip code on BSE will change once ROC approval is granted, but the underlying business remains the same.