Pursuant to regulation 30 of SEBI(LODR), we hereby submit the business update for the benefit of our stakeholders
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Garment Mantra Lifestyle Ltd shared a corporate update highlighting the positive impact of two recent global trade developments: the conclusion of the India-European Union Free Trade Agreement and improved clarity on United States tariff structures. The Tirupur-based apparel manufacturer and exporter expects these to enhance market access, reduce tariff barriers, and boost India's competitiveness as a sourcing destination. The Company also noted it has already crossed a significant milestone of export sales exceeding Rs 100 crore on a consolidated basis in the current financial year, reflecting strong execution and growing global demand. Additionally, the successful completion of a Rights Issue has strengthened its working capital, providing flexibility to scale up orders. The Company also mentioned the start of a Tamil Nadu distribution network to bolster its domestic wholesale reach.
This is a positive update for shareholders — strong export tailwinds from the India-EU FTA and clearer US tariff terms, combined with the Rs 100+ crore export milestone and a freshly strengthened balance sheet, could support revenue growth and margin expansion in the coming quarters.