Rights Issue17 Jun 2026, 04:40 pm
Garment Mantra forfeits 1.4 Cr partly paid rights shares
AI Summary
Garment Mantra Lifestyle Ltd. announced the forfeiture of 1,40,55,863 partly paid-up equity shares issued under its 2025 Rights Issue. The company did not receive the First, Second, and Final Call Money on these shares, despite issuing reminder notices to shareholders. Out of 39,14,97,795 equity shares, call money was received for 37,74,41,932 shares, which were subsequently converted into fully paid-up equity shares. The Rights Issue Committee, in its meeting on June 17, 2026, decided to forfeit the 1,40,55,863 shares, along with any amounts already paid on them.
Key Highlights
- Garment Mantra forfeited 1,40,55,863 partly paid rights shares.
- Shareholders failed to pay the First, Second, and Final Call Money.
- The forfeiture includes amounts already paid on these shares.
- This action follows reminder notices for non-payment of call money.
Price Impact
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