Pursuant to Regulation 30 and 47 of SEBI(LODR) Regulations, 2015 the newspaper publication of Final Reminder cum Forfeiture Notice
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Garment Mantra Lifestyle Ltd has issued a Final Reminder cum Forfeiture Notice to shareholders who have not paid the call money on their partly paid-up equity shares. The Rights Issue Committee approved this notice on April 10, 2026. Shareholders who have not paid either the First Call or Second and Final Call (or both) must pay the outstanding amount along with interest by Thursday, April 30, 2026. If they fail to pay by this deadline, their partly paid-up equity shares including the amount already paid will be forfeited as per the Articles of Association and the Letter of Offer dated April 9, 2025. The company has published this notice in Business Standard (English and Hindi) and Makkal Kural newspapers.
Shareholders holding partly paid-up shares face losing their entire investment (including amounts already paid) if they do not pay the outstanding call money by April 30, 2026. This indicates weak response to the company's rights issue and potential reduction in public shareholding.