Mantra Capital Reports No Deviation in Fund Utilization for Q2 2026
Mantra Capital Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue and a Rights Issue for the quarter ended June 30, 2026. The company raised ₹1,215.00 Lakhs via Preferential Issue and ₹4898.23 Lakhs via Rights Issue. Funds from the preferential issue were utilized for business operations and asset book growth, with ₹12.15 Lakhs used and no deviation. For the rights issue, funds were allocated to augmenting the capital base (₹3,550.00 Lakhs utilized), repaying unsecured loans (₹92.00 Lakhs utilized with a minor ₹0.02 Lakhs deviation), and general corporate purposes (₹1256.23 Lakhs utilized). The Audit Committee reviewed and noted these statements.
Key Highlights
- No deviation reported in fund utilization for Preferential and Rights Issues.
- Preferential Issue funds used for business operations and asset growth.
- Rights Issue funds allocated to capital base, loan repayment, and general purposes.
- Audit Committee reviewed and noted the fund utilization statements.
- Minor deviation of ₹0.02 Lakhs noted in unsecured loan repayment.
Price Impact
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