Deals29 Apr 2025, 02:33 pm
Garment Mantra Lifestyle Ltd Receives LOI Worth Rs.12 Crore from Kota University for Uniform Supply
AI Summary
Garment Mantra Lifestyle Limited has received a Letter of Intent (LOI) from a reputed university based in Kota, Rajasthan for the supply of 6,00,000 (Six lakh) T-shirts, Track Pants and Hoodies under the Company's newly started uniform sector. The approximate value of the LOI is Rs.12 crore. This significant order marks a strong step forward in the Company’s efforts to expand its footprint in the institutional and uniform apparel segment. The company aims to expand its product range to hoodies, joggers and fulfill other requirements for schools and universities across the country.
Key Highlights
- Garment Mantra Lifestyle Ltd receives LOI worth Rs.12 crore from a reputed university in Kota, Rajasthan.
- The LOI is for the supply of 6,00,000 T-shirts, Track Pants and Hoodies under the Company's newly started uniform sector.
- This is a significant milestone in the Company’s efforts to expand its footprint in the institutional and uniform apparel segment.
- The company plans to expand its product range to hoodies, joggers and fulfill other requirements for schools and universities across the country.
- The LOI is subject to certain risks and uncertainties.