Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015 and materiality policy of our company, business update on order worth Rs.12 crore is submitted herewith
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.6 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Garment Mantra Lifestyle has received a Letter of Intent from a reputed university based in Kota, Rajasthan, to supply 6,00,000 (six lakh) apparel units including T-shirts, track pants and hoodies. The order is valued at approximately Rs. 12 crore and falls under the company's newly launched uniform sector. The company sees this as a strong validation of its entry into institutional and uniform apparel supply. Management has indicated plans to expand the product range further to include hoodies, joggers and other items for schools and universities nationwide.
This is a sizeable new institutional order that marks the company's formal entry into the uniform apparel segment, which could support future revenue growth if executed successfully. For shareholders, it signals diversification beyond existing channels and opens a new institutional customer base, though the order is still an LOI and not a confirmed purchase contract.