Rights Issue24 Apr 2026, 08:51 pm
Mantra Capital reports no deviation in Rights Issue fund use for Q4 FY26
AI Summary
Mantra Capital Ltd confirmed no deviation or variation in the utilization of proceeds from its Rights Issue, dated April 10, 2024, for the quarter and financial year ended March 31, 2026. The company raised ₹4898.23 lakhs through the Rights Issue on March 28, 2025. Funds were utilized as per the original objects: ₹3550 lakhs for augmenting capital base, ₹92 lakhs for repaying unsecured loans, and ₹1256.23 lakhs for general corporate purposes. The statement of deviation and variations, confirming zero deviation, was reviewed and noted by the Audit Committee on April 24, 2026.
Key Highlights
- Mantra Capital confirmed no deviation in Rights Issue fund utilization.
- ₹4898.23 lakhs raised via Rights Issue on March 28, 2025.
- Funds used for capital augmentation, loan repayment, and general corporate purposes.
- Audit Committee reviewed and noted the zero deviation report for Q4 FY26.
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