Pursuant to Regulation 30 of SEBI(LODR),2015, we would like to inform that our company has received an order from Zaara Overseas Trading LLC, worth USD 10,78,900 approximately Rs. 9.20 crores
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Garment Mantra Lifestyle Ltd has secured an export order from Zaara Overseas Trading L.L.C S.O.C (a UAE-based entity) to supply Polyester Fabric and Polyester madeup dress material. The order is valued at USD 10,78,900, approximately Rs. 9.20 crores (exclusive of taxes). The order is to be executed within 180 days of acceptance. The order is from an international entity and is not a related-party transaction. The Managing Director, Mr. Prem Aggarwal, stated that this order reinforces the company's position as a trusted international partner and reflects growing overseas demand.
Positive development for shareholders — adds a sizable international revenue order from a new overseas client, signals growing export demand, and supports the company's international growth strategy. Could provide a near-term revenue boost given the 180-day execution window.