Pursuant to Regulation 30 of SEBI(LODR), receipt of order from GOI for our subsidiary Hylex Fashion Private Limited is submitted herewith
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Awaiting price reaction for this filing.
Garment Mantra Lifestyle's wholly-owned subsidiary Hylex Fashion Private Limited has received an order from the Ministry of Ayush, Government of India, to supply 1,25,000 unbranded EVA (Ethylene Vinyl Acetate) yoga mats. The order is valued at approximately Rs. 422.50 lakhs (around Rs. 4.23 crore) inclusive of taxes and is tied to the government's Fit India Movement. The delivery deadline is June 26, 2025, giving the company roughly two weeks to execute. The order is domestic, awarded by a government entity, and there is no related-party interest involved. Managing Director Prem Aggarwal described it as an important milestone that positions the company to pursue additional government procurement opportunities.
Positive for sentiment as it brings a credible government order and opens a potential channel for more public-sector business. The order size is modest and the execution window is very short, so investors should track timely delivery and any follow-on orders before judging the long-term impact on earnings.