Pursuant to regulation 32 of SEBI(LODR) the statement of deviation for quarter ended 31st March 2026 is submitted
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garment Mantra Lifestyle Ltd has filed its quarterly statement confirming NO deviation or variation in the utilisation of funds raised through a rights issue of partly paid equity shares. The company raised approximately Rs. 37.57 crore in three tranches (Application Money: Rs. 11.74 crore on May 22, 2025; First Call: Rs. 11.20 crore on August 28, 2025; Second and Final Call: Rs. 14.62 crore on December 31, 2025). Of the total Rs. 46.98 crore allocated (Rs. 34 crore for working capital, Rs. 11.48 crore for general corporate purposes, Rs. 1.50 crore for offer expenses), Rs. 37.57 crore has been utilised so far. Both the Audit Committee and Statutory Auditors have given NIL comments, indicating clean utilisation of funds as per the objects disclosed.
This is a positive regulatory compliance update. No deviation in fund utilisation means the company is using proceeds as intended, which is reassuring for shareholders who participated in the rights issue. The stock (BSE: 539216) does not face any immediate concerns from this filing.