Regulatory28 Jul 2026, 01:41 pm
Garment Mantra Lifestyle Ltd: No Deviation in Rights Issue Fund Utilization
AI Summary
Garment Mantra Lifestyle Ltd has submitted a statement of deviation, approved by its audit committee, for the utilization of funds raised through a Rights Issue of partly paid equity shares on May 21, 2026. The company reported no deviation or variation in the utilization of the ₹46.98 crore raised. A total of ₹46.14 crore was received after accounting for forfeitures. The shortfall in proceeds was adjusted against General Corporate Purposes, and partly paid shares were forfeited. The report covers the quarter ended June 30, 2026.
Key Highlights
- No deviation reported in the utilization of funds from Rights Issue.
- Total funds raised were ₹46.98 crore, with ₹46.14 crore received.
- Shortfall adjusted against General Corporate Purposes.
- Partly paid shares were forfeited due to non-payment.
- Statement submitted as per SEBI (LODR) Regulations, 2015.
Price Impact
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