StockWatch
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Garments & Apparels
Divestment28 Jul 2026, 08:30 pm

Garment Mantra to disinvest in Twenty Twenty Trading LLP for ₹37,000

AI Summary

Garment Mantra Lifestyle Ltd's Board of Directors, in a meeting held on July 28, 2026, approved the withdrawal of its capital contribution in Twenty Twenty Trading LLP. The total investment to be withdrawn aggregates to ₹37,000. The buyer for this transaction is Mrs. Shikha Aggarwal, who is part of the promoter group. The company clarified that this is a related party transaction, but it is being conducted at arm's length. The LLP did not contribute to the company's turnover, revenue, income, or net worth in the last financial year ending March 31, 2026. The completion of this divestment is expected within six months from July 28, 2026.

Key Highlights

  • Garment Mantra Lifestyle to withdraw investment from Twenty Twenty Trading LLP.
  • The total disinvestment amount is ₹37,000.
  • Buyer is Mrs. Shikha Aggarwal, a member of the promoter group.
  • Transaction is a related party deal, conducted at arm's length.
  • Completion expected within six months from July 28, 2026.