Mantra Capital Limited has made a regulatory disclosure to BSE Limited regarding the allotment of equity shares through conversion of warrants issued on a preferential basis to a promoter.
The company's Board of Directors approved, by way of circulation on October 15, 2026, the conversion of 30,00,000 (Thirty Lakh) warrants into 30,00,000 (Thirty Lakh) equity shares of face value ₹10 each. These shares were allotted to Mrs. Deepa Kishor Tracy, the Promoter and Managing Director of the company.
The allotment was made pursuant to receipt of the balance consideration of ₹10 per warrant, aggregating to ₹3,00,00,000 (Rupees Three Crore only).
This transaction is part of a larger preferential issue approved by the company's shareholders through a special resolution passed on February 27, 2026. The original issue consisted of 45,00,000 (forty five lakh) warrants at an issue price of ₹20 each, aggregating to ₹9,00,00,000 (Rupees nine crore).
Previously, on September 24, 2026, the company had converted 15,00,000 (Fifteen Lakh) warrants into equity shares upon receipt of balance consideration of ₹1,50,00,000 (Rupees One Crore Fifty Lakhs only).
The warrants were issued after receiving in-principle approval from BSE Limited on March 24, 2026, and private placement offer cum application letters were issued on March 25, 2026.
Financial Impact and Capital Structure
Pursuant to this allotment, the company's paid-up share capital will increase to ₹40,38,62,240 (4,03,86,224 equity shares of face value ₹10 each fully paid-up).
Additional Details from Annexure A
- Name of investor: Mrs. Deepa Kishore Tracy
- Category: Promoter
- Status: Resident
- Number of investors: One
- Issue price of warrants: ₹10 each aggregating to ₹3,00,00,000
- Warrant conversion terms: Each warrant is exercisable into 1 equity share, convertible in one or more tranches no later than 18 months from the date of allotment
- No cancellation or termination of the securities issuance proposal