Garment Mantra Lifestyle Ltd

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.

Garment Mantra Lifestyle Limited announced a significant milestone in its export business, surpassing ₹130 Crores in export revenue for FY26. The company also achieved over ₹125 Crores in export revenue in the current financial year on a consolidated basis. The company is experiencing strong demand in international markets, with a healthy pipeline of confirmed orders and active pursuit of new opportunities. Management anticipates improved business sentiment and order execution in the first half of the current financial year due to stabilization in Middle East geopolitical conditions. The company is also strengthening its domestic wholesale network.

Garment Mantra Lifestyle Ltd's board of directors appointed Mrs. Nisha. S as the internal auditor of the company. The appointment is effective from the financial year 2026-27 and will continue until 2029-30. This decision was made during the board meeting held on May 30, 2026.

Garment Mantra Lifestyle Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in its meeting held on May 30, 2026. The board also approved the appointment of Mrs. Nisha. S as the internal auditor for the period from FY 2026-27 to 2029-30. The trading window will remain closed until June 1, 2026.

Garment Mantra Lifestyle Ltd's board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board meeting, held on May 30, 2026, also saw the appointment of Mrs. Nisha. S as the internal auditor for the period from FY27 to FY30. The financial results and audit report are available on the company's website and the stock exchange website. The trading window will remain closed until June 1, 2026.

Garment Mantra Lifestyle Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial statements (standalone and consolidated) for the quarter and year ended March 31, 2026. The trading window will remain closed until 48 hours after the disclosure of the financial statements.

Garment Mantra Lifestyle Ltd's wholly-owned subsidiary received an export order worth approximately ₹82.81 million (USD 878,650) from AL Rahmat Textiles L.L.C. Imports & Exports. The order is for dyed and printed fabrics and made-up dress material, with execution expected by October 25, 2026. This order marks a positive start to the financial year, with the company already exporting goods worth over ₹50 million to the UAE in April 2026.

Garment Mantra Lifestyle Ltd's Rights Issue Committee, meeting on April 10, 2026, approved the issuance of a Final Reminder Cum Forfeiture Notice. This notice targets holders of partly paid-up equity shares who have not yet paid the First Call (due June 23, 2025, and July 29, 2025) or the Second and Final Call (due October 18, 2025), or both. The notice informs these shareholders that failure to pay the outstanding call money, along with accrued interest, by the specified deadline will result in the forfeiture of their partly paid-up equity shares, including any amounts already paid. The company has made these documents available on its website and its Registrar and Transfer Agent's website.

Garment Mantra Lifestyle Ltd has announced a significant business update for FY2025-26, reporting consolidated export revenues of 132.72 Crores. This represents an impressive year-on-year revenue growth of approximately 60%, attributed to a robust order book, enhanced product offerings, and strengthened relationships with global buyers. The company is optimistic about a strong performance in the first half of the current financial year, citing easing geopolitical tensions in the Middle East and a healthy pipeline of confirmed and prospective export orders. Mr. Prem Aggarwal, Managing Director, highlighted the milestone of exports crossing 130 Crores, emphasizing the company's focus on quality, timely delivery, and innovation. Domestically, Garment Mantra continues to expand its wholesale network through hubs in Tiruppur and Surat, with a new distribution network in Tamil Nadu further enhancing its nationwide reach.

Garment Mantra Lifestyle Limited has developed a new range of men’s T-shirts manufactured using recycled fabrics, specifically designed for export into select African and U.A.E. markets. The new collection integrates high-quality recycled fibers, combining sustainability with durability, comfort, and climate suitability tailored to diverse African and U.A.E. geographies. The product has been engineered to meet international export standards while maintaining competitive pricing for bulk distribution channels. The Company is optimistic about receiving encouraging feedback based on preliminary interactions and growing demand for sustainable apparel solutions. Subject to favourable buyer response and order confirmations, the Company expects this initiative to translate into commercial export orders in the forthcoming quarters.