Transcript of Forty First Annual General Meeting of the Company held on Thursday, September 25, 2025
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The 41st AGM of Mantra Capital (formerly Savani Financials), an RBI-registered NBFC focused on lending to small businesses and green-mobility entrepreneurs in Tier-3 and Tier-4 towns, was held via video conferencing. Management shared that operating revenue rose sharply to Rs. 343.15 lakhs in FY25 from Rs. 12.29 lakh in FY24, following the formal launch of operations in September 2024. As of August 2025, the company has served over 1,000 borrowers with an Assets Under Management exceeding Rs. 55 crores. The RBI has issued a no-objection certificate for the rebranding to Mantra Capital Limited, reflecting a strategic brand transition. Shareholders were asked to approve routine and special items including a new ESOP scheme (Savani Financials ESOP 2024), an increase in borrowing and authorised capital limits, name change, related-party transactions, and remuneration frameworks for the MD, CEO, and Independent Directors. No Q&A session took place as the four registered speaker shareholders did not attend.
For shareholders, this is a very early-stage NBFC still building its loan book, so scale is limited but momentum is visible. The ESOP scheme, expanded borrowing limits, and higher authorised capital suggest preparation for future growth, while the lack of any shareholder questions means no new concerns or commitments were raised at the meeting.