Mantra Capital Uses Rights Issue Funds As Planned for FY26

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AuthorAnanya Iyer|Published at:
Mantra Capital Uses Rights Issue Funds As Planned for FY26
Overview

Mantra Capital Limited has confirmed that funds raised from its recent Rights Issue were used exactly as planned for the financial year ending March 31, 2026. The company raised ₹48.98 crore, and its Audit Committee has reviewed the fund deployment, assuring investors of financial compliance.

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Mantra Capital Confirms Rights Issue Funds Used As Planned for FY26

Mantra Capital Limited has confirmed that funds raised through its recent Rights Issue were utilized precisely as outlined for the financial year ending March 31, 2026. The company raised ₹48.98 crore, and its Audit Committee has reviewed and noted the statement detailing the deployment of these funds. This filing serves as an assurance to stakeholders regarding the company's adherence to its financial commitments.

Fund Allocation Details

The Rights Issue, which raised ₹48.98 crore (₹4898.23 lakh), was completed on March 28, 2025. The funds were allocated towards augmenting Mantra Capital's capital base (₹3,550.00 lakh), repaying unsecured loans (₹92.00 lakh), and for general corporate purposes (₹1256.23 lakh). The company's Audit Committee reviewed and acknowledged the deployment of these funds on April 24, 2026.

Significance of the Filing

This confirmation demonstrates Mantra Capital's commitment to transparency and its adherence to the financial plans presented during the fundraising. It provides key assurance to investors and regulators regarding the company's financial stewardship.

What Investors Can Track

Investors will continue to monitor Mantra Capital's future quarterly disclosures for overall financial performance and asset quality. Broader trends within the Non-Banking Financial Company (NBFC) sector will also remain a key area of focus.

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