Pursuant to Regulation 30 of SEBI(LODR) Regulations, we would like to announce that the Rights Issue of Partly paid shares of the company which opened on 30th April, 2025 and closed on ....
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Garment Mantra Lifestyle Limited has successfully closed its Rights Issue of partly paid-up equity shares, which opened on April 30, 2025 and closed on May 14, 2025. The issue was oversubscribed, with applications received for 47,34,45,003 equity shares against the issue size of 39,14,97,795 shares, indicating strong investor confidence. The company plans to use the proceeds to strengthen working capital and fund expansion into the uniform and corporate supply segment, while continuing to focus on its core garment and textile business and re-commerce vertical. The Managing Director highlighted encouraging momentum in overseas business, with exports worth approximately ₹5 crore already achieved in the current financial year.
Oversubscription of the rights issue (roughly 1.21x) signals solid investor confidence and provides the company with additional capital for growth, which may be viewed positively by the market in the short term.