Garment Mantra Lifestyle Ltd has submitted to BSE a copy of "Statement of Deviation or Variation pursuant to Regulation 32 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015".
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garment Mantra Lifestyle Ltd has submitted a quarterly compliance statement confirming there is no deviation or variation in the use of funds raised through a Rights issue of partly paid equity shares. The company raised a total of approximately Rs. 37.57 crore across three tranches — Rs. 11.74 crore (application money, May 2025), Rs. 11.20 crore (first call, Aug 2025), and Rs. 14.62 crore (second and final call, Dec 2025). The original allocation was Rs. 46.98 crore towards working capital (Rs. 34 crore), general corporate purposes (Rs. 11.48 crore), and offer-related expenses (Rs. 1.50 crore). As of December 31, 2025, the company has utilized Rs. 23.39 crore in total, with Rs. 17.78 crore going to working capital, Rs. 4.24 crore to general corporate purposes, and Rs. 1.36 crore to offer expenses. The audit committee and auditors had no comments to flag.
This is a routine regulatory compliance filing that confirms the company is using the Rights issue proceeds as originally disclosed. No negative signal for shareholders, though investors may note that about half of the allocated funds remain unutilized as of the December 2025 quarter.