The Company has received trading approval of 38,25,000 Equity Shares issued to Non-promoters on preferential basis.
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Mantra Capital Ltd (formerly Savani Financials Limited) has received trading approval from BSE for 38,25,000 equity shares of Rs. 10 each issued at a premium of Rs. 10 per share to non-promoters on a preferential basis. The shares have been allotted with distinctive numbers ranging from 32054559 to 35879558. Trading in these shares will commence from Monday, June 1, 2026. The total issue size amounts to approximately Rs. 7.65 crore (at Rs. 20 per share). This is a standard regulatory intimation under SEBI Listing Regulations for equity shares allotted through preferential allotment to non-promoter shareholders.
This preferential allotment to non-promoters results in dilution of existing shareholder stake. The entry of new non-promoter shareholders could bring additional capital but also increases the public shareholding as required under listing norms.