Pursuant to Regulation 24A, the secretarial compliance report is submitted herewith for the period ended 31st March, 2025
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Garment Mantra Lifestyle Ltd (formerly Junction Fabrics and Apparels Ltd), a Tirupur-based listed entity (BSE: 539216), has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by G.V. and Associates, Company Secretaries. The report confirms that the company has generally complied with applicable SEBI regulations, circulars, and secretarial standards during the review period. One non-compliance was flagged: a 10-day delay in submitting EGM voting results (held on 15 February 2025) in XBRL format to BSE, which led to a fine of Rs. 10,000 imposed by BSE on 12 March 2025. Previous year's compliance issues, including late revised corporate governance report filing, a 2-minute delay in board meeting outcome submission, and a one-day delay in PCS certificate submission, have all been remediated, with the company stating it has strengthened its compliance mechanism.
The report is largely routine and shows overall good corporate compliance. The Rs. 10,000 BSE fine is minor and immaterial to financials, but the recurring pattern of small filing delays (across two consecutive years) is a minor negative signal on the company's compliance discipline, though management claims to have fixed the issue.