Pursuant to Regulation 30 of SEBI(LODR) 2015 the receipt of export order by our wholly owned subsidiary is submitted

Export Order Hard CurrencyBusiness Updates View source PDF

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AI summary

Garment Mantra Lifestyle's wholly owned subsidiary has received an export order worth INR 82.81 million (approximately USD 8.79 lakh) from AL Rahmat Textiles L.L.C., an international entity based in the Middle East. The order is for dyed and printed fabrics and made-ups dress material, with delivery due by October 25, 2026. The company notes this order comes during a challenging period for Middle East business but represents a strong start to the financial year. In April 2026 alone, the company exported goods worth over INR 50 million to the UAE, indicating robust activity. The MD expressed confidence in sustaining growth trajectory given improving global conditions and a strong order pipeline.

Likely market impact

This is a positive development for shareholders as the export order provides revenue visibility and demonstrates the company's ability to secure international orders in difficult market conditions. The USD-denominated order also offers currency diversification benefits.