Savani Financials Ltd

AGM Details

• Date and time: 28 Sep 2026, 11:00 IST; conducted via VC/OAVM.
• End time: 11:17 IST; mode: VC/OAVM.
• Record date: 21 Sep 2026; total shareholders on record: 6,866.
• Total resolutions passed: 5.

Resolutions

• Ordinary: Adopt audited financial statements for FY2026; passed.
• Ordinary: Re-appoint Purvi Ramesh Ambani (Non-Executive, Non-Independent) by rotation; passed.
• Special: Alter object clause of MOA; passed.
• Special: Adopt new set of Articles of Association; passed.
• Ordinary: Approve material related-party transactions for FY2026-27; passed.

Director changes

• Purvi Ramesh Ambani re-appointed as Non-Executive Non-Independent Director.

Related approvals

• Material Related Party Transactions approved for FY2026-27.

Overview

• FY2025-26 revenue and total income reached ₹1,635.06 Lakhs.
• Net loss after tax stood at ₹1,346.36 Lakhs.
• AUM approximately ₹110 Crore; 20 branches; 163 employees.
• Preferential equity and warrants pursued; post-year-end capital infusion.

Financial performance

• Total income ₹1,635.06 Lakhs; revenue from operations ₹1,632.25 Lakhs.
• Finance cost ₹600.19 Lakhs; impairment ₹219.90; depreciation ₹31.80.
• Deferred tax credit ₹12.84 Lakhs; EPS ₹-4.21; no dividend proposed.
• Net worth ₹2,725.80 Lakhs; market-facing metrics remain challenged by losses.

Asset quality & portfolio

• Gross loan portfolio ₹9,996.35 Lakhs; impairment ₹226.37 Lakhs.
• Net loan assets ₹9,996.35 Lakhs; NPAs ₹203.71 Lakhs.
• Green Loans 53.54%; MSME Finance 46.46%; ECL staged impairment.
• Concentration and risk controls emphasized amid scale-up.

Capital & funding

• Total borrowings ₹9,094.70 Lakhs; debt securities ₹1,282.94 Lakhs.
• Preferential issue: 38.25 L equity shares and 45 L warrants in April 2026.
• Post-issue paid-up capital ₹37.80 Crore; MD guarantees supported borrowings.
• Liquidity management via ALCO and diversified lender base.

Governance & controls

• Board composition: 6 directors, including independent directors.
• Company Secretary change: Puspraj Pandey appointed Dec 2025.
• Secretarial audit: no adverse remarks; governance framework strengthened.
• Independent Directors’ evaluation completed; whistle-blower policy in place.

Related party transactions

• Omnibus RPT approvals for FY2026-27; material RPTs with Deepa Tracy and Mantra Vision.
• Loans, interest, rent and services with related parties on arm's length basis.
• Disclosure of RPT thresholds and related party status in annual disclosures.

Outlook & strategy

• Next phase focuses on deepening existing markets before wider expansion.
• Priorities: credit quality, branch productivity, and data-driven governance.
• Continued capital-raising discussions with lenders and institutional investors.

Risk, ESG & regulatory

• Green mobility financing core; ESG measurement to strengthen with scale.
• NBFC RBI frameworks and disclosures form a core compliance base.
• Green initiative includes paperless communications and digital onboarding.

FY25-26 highlights

• AGM held on 28 September 2026 via VC/OAVM as per Companies Act and LODR.
• Chairperson's speech submitted as Annexure-A and posted on company website.
• Assets Under Management rose to ₹110 crore from ₹25 crore.
• Disbursed amount for FY25-26 was about ₹96 crore.
• Total income stood at ₹16.35 crore, up from ₹3.35 crore.
• Net worth as on 31 March 2026 was ₹27.25 crore.
• Gross NPA at 2.03%, Net NPA 1.25%, and collection efficiency about 94.4%.
• Operations across 4 states and 20 branches; 2000+ new borrowers added.
• Strategy emphasizes secured lending, green mobility financing, and disciplined underwriting.
• Company Secretary and Compliance Officer is Prasanta Mohanty.

AGM Details

• AGM held on 28 Sep 2026 at 11:00 A.M. IST via VC/OAVM.
• Remote e-voting available from 25 Sep 2026 09:00 to 27 Sep 2026 17:00.
• Proxy attendance not permitted; voting via NSDL e-voting and during meeting.

Resolutions Put to Vote

• Adopt Audited Financial Statements for year ended March 31, 2026.
• Re-appoint Ms. Purvi Ramesh Ambani as Non-Executive, Non-Independent Director, retiring by rotation.
• Alter Object Clause of Memorandum of Association.
• Adopt a new set of Articles of Association.
• Approve Material Related Party Transactions for FY 2026-27.

Voting Results

• Adopt Audited Financial Statements: voting results not disclosed.
• Re-appoint Purvi Ramesh Ambani: voting results not disclosed.
• Alter Object Clause: voting results not disclosed.
• Adopt new AoA: voting results not disclosed.
• Approve Material Related Party Transactions: voting results not disclosed.

Directors / Auditors

• Statutory Auditor attended; no appointment changes disclosed.

Related Party Transactions

• Material RPTs for FY 2026-27 to be entered; counterparty and value not disclosed.

Mantra Capital Ltd trading window closure from Thursday, October 01, 2026, until 48 hours after the declaration of Unaudited Financial Results for the quarter and half year ending September 30, 2026

Appointment details

• Prasanta Kumar Mohanty appointed as Company Secretary cum Compliance Officer (KMP).
• Effective from 21 September 2026.
• Reason: appointment of CS cum CO.
• ICSI Associate Member; 17 years' experience in corporate secretarial, NBFC compliance, SEBI listing laws.
• Not related to any director or KMP.
• Designation: KMP; Company Secretary cum Compliance Officer.
• Term: Full-time employment per HR policy.

AR access and AGM details

• Web link sent to access the FY 2025-26 Annual Report and AGM notice.
• AGM for 42nd year scheduled on 28 September 2026 at 11:00 AM IST via VC/OAVM.
• Shareholders without registered email will access AR/Notice via provided web link.
• Web link: https://mantracapital.in/annual-general-meeting; AR also on BSE and NSDL.
• Shareholders encouraged to register email with DP; physical holders to update Bigshare details.