We wish to inform you that the Board of Directors of the Company in their meeting held on Monday, 21st July, 2025, have interalia considered and approved the following: 1. Un-audited Standalone ....
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The board approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Total revenue from operations jumped sharply to ₹248.47 lakhs from just ₹17.54 lakhs in the same quarter last year, driven mainly by interest income of ₹182.58 lakhs. However, total expenses also surged to ₹506.61 lakhs (vs ₹176.64 lakhs), led by higher employee costs and legal/professional fees, resulting in a loss after tax of ₹(255.52) lakhs versus ₹(159.14) lakhs in Q1 FY25. EPS stood at ₹(0.80). The auditor issued an unmodified limited review report with no qualifications. Separately, the board approved changing the company's name from 'Savani Financials Limited' to 'Mantra Capital Limited' (RBI NOC received, subject to ROC approval), accepted the resignation of Company Secretary Mr. Darsh Mehta, and appointed M/s. Bansal and Company as Secretarial Auditor for five years.
Strong revenue growth is a positive signal, but widening losses and the departure of the Company Secretary/Compliance Officer introduce near-term governance and execution risk for shareholders. The rebranding to Mantra Capital is cosmetic at this stage and does not change the underlying loss-making financials.