Garment Mantra Lifestyle Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/04/2025 ,inter alia, to consider and approve To consider and approve ....
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Garment Mantra Lifestyle Ltd has informed BSE that a meeting of its Rights Issue Committee will be held on 9th April 2025 via video conferencing. The committee will consider and approve key terms of a proposed Rights Issue, including the number of equity shares to be offered, issue price, rights entitlement ratio, and terms of payment. It will also fix the record date to determine which shareholders are eligible for the Rights Issue. The trading window for insiders has been closed from 4th April 2025 until 48 hours after the meeting concludes. No specific financial details such as issue size, price, or ratio have been disclosed yet.
Shareholders should watch for the Rights Issue terms post the 9th April meeting, as the issue price and entitlement ratio will determine dilution and attractiveness. Existing investors may need to decide on participating or letting rights lapse, pending announcement of the record date.