We wish to inform you that the Company has entered into Agreements in connection to issuance of Secured, Un-rated, Unlisted Non-Convertible Debentures with the Debenture Trustee i.e. M/s. ....
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Awaiting price reaction for this filing.
Savani Financials Limited has signed an agreement on 10th June 2025 with Catalyst Trusteeship Limited to act as Debenture Trustee for a proposed issue of Secured, Unlisted, Unrated Non-Convertible Debentures (NCDs) aggregating up to Rs. 5 Crores on a private placement basis. The trustee will safeguard debenture holder interests under SEBI (Debenture Trustees) Regulations, 1993. The disclosure is made under Regulation 30 of SEBI LODR as the agreement is considered material under the company's materiality policy. Note: The BSE headline attributes this filing to Mantra Capital Ltd, but the signed document identifies the company as Savani Financials Limited (Symbol: SAVFI, Code: 511577).
The company is raising up to Rs. 5 Crores through secured NCDs, which will increase its debt burden but is a relatively small amount. Shareholders should watch for the actual pricing, coupon rate, and end-use of these funds in subsequent disclosures, as these will determine whether the borrowing is value-accretive or dilutive to equity returns.