Mantra Capital Ltd (511577)
Q2 FY27 results
📅 Next results: 26 Oct 2026 (board meeting)Mantra Capital Ltd's board meets on 26 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Mantra Capital's revenue was ₹5.8 Cr, and net profit ₹-4.0 Cr; the operating margin was -13.2%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5.8 | — | — |
| Operating profit | ₹-0.8 | — | — |
| Net profit | ₹-4.0 | — | — |
| EPS (₹) | -1.20 | — | — |
| Operating margin | -13.2% | — | — |
📢 Recent Corporate Announcements
Mantra Capital Limited approved the conversion of 30,00,000 warrants into 30,00,000 equity shares of face value ₹10 each to promoter and Managing Director Deepa Kishor Tracy. The allotment follows receipt of the remaining 50% consideration of ₹10 per warrant, aggregating to ₹3.00 crore. This completes the conversion of the full 45,00,000 warrants originally issued at ₹20 each (aggregating ₹9.00 crore), following a previous conversion of 15,00,000 warrants in September 2026. Following this allotment, the paid-up share capital expands to 4,03,86,224 equity shares totaling ₹40.39 crore.
- Converted 30,00,000 warrants into equity shares of face value ₹10 each for promoter Deepa Kishor Tracy
- Received balance 50% consideration of ₹10 per warrant, totaling ₹3,00,00,000
- Completes the conversion of the entire 45,00,000 preferential warrants issued at ₹20 per share (₹9,00,00,000 total issue size)
- Post-allotment paid-up share capital increased to ₹40,38,62,240 divided into 4,03,86,224 equity shares
Mantra Capital Limited has resubmitted its Annual Report for FY 2025-26 under Regulation 34 of SEBI LODR. The revision is strictly limited to reformatting the document layout from landscape orientation to portrait orientation to enhance readability for shareholders on electronic devices. The company confirmed there are absolutely no changes to financial statements, auditor reports, or material content previously filed on September 05, 2026.
- Resubmission references the original filing made on September 05, 2026
- Changes restricted purely to document orientation (landscape to portrait) for shareholder readability
- No modifications made to financial statements, auditor reports, or Board's report
- Loan assets at amortised cost stood at Rs 9,996.35 Lakhs as of March 31, 2026
- Managing Director Deepa Kishore Tracy provided personal guarantee for Rs 8,354.00 Lakhs during FY26
Mantra Capital Limited approved the conversion of 15,00,000 warrants into equity shares of face value Rs 10 each at an issue price of Rs 20 per share (including Rs 10 premium). The shares were allotted to Promoter and Managing Director Mrs. Deepa Kishor Tracy upon receipt of balance consideration of Rs 1.50 crore. Following this allotment, the company's paid-up equity share capital increased to Rs 37.39 crore across 3,73,86,224 equity shares. A total of 30,00,000 warrants remain outstanding from the original 45,00,000 warrant issue, exercisable within 18 months from April 8, 2026.
- Allotment of 15,00,000 equity shares to promoter Deepa Kishor Tracy upon warrant conversion
- Receipt of balance 50% consideration amounting to Rs 1.50 crore at Rs 10 per warrant
- Total issue price is Rs 20 per share (Rs 10 face value plus Rs 10 premium)
- Paid-up share capital expanded to Rs 37,38,62,240 (3,73,86,224 shares)
- Balance 30,00,000 warrants remain exercisable within 18 months from allotment date
Mantra Capital (formerly Savani Financials) reported its AUM reached ₹123 Crores as of June 2026, up from ₹110 Crores in March 2026. The company has rapidly scaled from an AUM of just ₹1 Crore in September 2024 to ₹123 Crores in under two years, maintaining a 100% secured loan portfolio. To support this growth, the company raised ₹12.15 Crores via a preferential issue in April 2026. The operational footprint has expanded to 20 branches across Karnataka, Telangana, Andhra Pradesh, and Delhi NCR with a workforce of 169 employees.
- Assets Under Management (AUM) grew to ₹123 Crores in June 2026, an 83% increase from ₹67 Crores in September 2025
- Cumulative loan disbursements crossed the 3,000 mark, reaching 3,042 loans by the end of Q1FY27
- Branch network expanded to 20 locations, with a significant presence in South India (19 branches) and Delhi NCR (1 branch)
- Raised ₹12.15 Crores through a preferential issue in April 2026 to bolster the capital base
- Maintained a 100% secured loan portfolio focusing on general trade and logistics/mobility sectors
Mantra Capital (formerly Savani Financials) has approved a significant strategic pivot by amending its Memorandum of Association (MoA). The company is shifting its focus toward high-growth sectors including Electric Vehicle (EV) financing, MSME lending (specifically for women and rural entrepreneurs), and Green Finance. Crucially, the company will exit the real estate development business, restricting property holdings to its own premises or loan recovery. These changes were approved by the Board on July 17, 2026, and await shareholder approval at the 42nd AGM.
- Board approved the MoA amendment on July 17, 2026, to align with modern NBFC activities.
- New focus includes financing for 3-wheeler passenger and cargo Electric Vehicles (EVs).
- Targeting MSME loans, including working capital and income-generating loans for underserved borrowers.
- Introduction of 'Green Finance' for renewable energy equipment and ESG-compliant business models.
- Explicitly prohibits the business of real estate development or construction moving forward.
Mantra Capital Ltd has approved the allotment of 1,06,666 sweat equity shares to its CEO, Mr. Jatinder Mohan Singh Shah. The shares, with a face value of ₹10 each, are issued for non-cash consideration as a reward for achieving a performance milestone. Specifically, the company reached an Assets Under Management (AUM) of ₹100 Crores as of March 31, 2026. This issuance aligns management incentives with business growth targets under SEBI regulations.
- Allotment of 1,06,666 sweat equity shares to the Chief Executive Officer
- Shares issued at a face value of ₹10 each for non-cash consideration
- Performance milestone achieved: Assets Under Management (AUM) of ₹100 Crores
- Milestone date recorded as March 31, 2026
- Issuance governed by SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Mantra Capital has confirmed zero deviation in the utilization of funds raised through its recent preferential issue and rights issue for the quarter ended June 30, 2026. The company raised ₹1,215.00 Lakhs (₹12.15 Cr) via a preferential issue of equity shares and warrants on April 8, 2026. As of the reporting date, ₹12.15 Lakhs has been utilized specifically for business operations and growing the lending asset book. The Audit Committee reviewed and approved these statements on July 17, 2026, confirming adherence to the original objects of the issue.
- Total amount raised via preferential issue on April 8, 2026, was ₹1,215.00 Lakhs
- ₹765.00 Lakhs raised through equity shares and ₹450.00 Lakhs through warrants (50% payment)
- ₹12.15 Lakhs utilized during the quarter for business operations and asset book growth
- Zero deviation reported for both the March 2026 Preferential Issue and the April 2024 Rights Issue
- Audit Committee reviewed and noted the utilization statement on July 17, 2026
Mantra Capital has approved its Q1 FY27 financial results and proposed a significant strategic pivot by amending its Memorandum of Association (MoA). The company is shifting focus toward specialized NBFC segments including Electric Vehicle (EV) financing, MSME lending, and Green Finance. Notably, the board approved the allotment of 1,06,666 sweat equity shares to CEO Jatinder Mohan Singh Shah for achieving a ₹100 Crore Assets Under Management (AUM) milestone as of March 31, 2026. These changes, along with the adoption of new Articles of Association, await shareholder approval at the 42nd AGM.
- Allotment of 1,06,666 sweat equity shares to CEO for achieving performance milestones
- Achievement of ₹100 Crore Assets Under Management (AUM) milestone as of March 31, 2026
- Proposed MoA amendment to specifically include EV financing for 3-wheelers and cargo vehicles
- New focus on Green Finance including renewable energy, recycling, and ESG compliant models
- Formal restriction added to MoA against carrying out real-estate development or construction business
Mantra Capital (formerly Savani Financials) has achieved a significant milestone of ₹100 Crores in Assets Under Management (AUM) as of March 31, 2026. In recognition of this achievement, the board has approved the allotment of 1,06,666 sweat equity shares to CEO Jatinder Mohan Singh Shah. Furthermore, the company is undergoing a strategic pivot, amending its Memorandum of Association to focus on high-growth sectors including Electric Vehicle (EV) financing, MSME lending, and Green Finance. These changes, along with the Q1 FY27 unaudited results, were approved in the board meeting held on July 17, 2026.
- Achieved Assets Under Management (AUM) milestone of ₹100 Crores as of March 31, 2026
- Approved allotment of 1,06,666 Sweat Equity Shares of ₹10 face value to CEO for non-cash consideration
- Amended MoA to specifically include financing for Electric Vehicles (EVs) and Green Finance initiatives
- Expanded business scope to include MSME lending, including Loans Against Property (LAP) and rural enterprise loans
- Approved unaudited financial results for the quarter ended June 30, 2026
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