Newspaper publication of extract of corrigendum to notice of EGM dated Saturday, May 10, 2025 is submitted herewith
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Garment Mantra Lifestyle Ltd has submitted to BSE the newspaper publication of a corrigendum to the notice of its Extra Ordinary General Meeting (EGM) scheduled for Saturday, May 10, 2025 at 11:00 AM in Tiruppur. The corrigendum was published on May 1, 2025 in Maalai Murasu (Tamil) and Business Standard (English). The EGM, originally announced on March 29, 2025, will seek shareholder approval for re-appointing Mr. Pritam Agarwal as Managing Director and Mrs. Shika Agarwal as Whole-Time Director, both for a 5-year term from March 23, 2025 to March 22, 2030, with monthly remuneration caps of Rs. 1,50,000 and Rs. 1,00,000 respectively. It will also consider appointing Mr. S. Babu as Independent Director. The corrigendum revises the explanatory statement for the director re-appointment resolutions.
This is a procedural/compliance filing with no material impact on shareholders. The director re-appointments are standard governance items, and the relatively modest remuneration levels suggest no significant financial implications for the company.