Pursuant to Regulation 42 of SEBI(LODR) Regulations, the RIC in its meeting held today has fixed July 11 2025 as record for first call money from shareholders of partly paid equity shares
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Garment Mantra Lifestyle's Rights Issue Committee has approved the first call money on partly paid-up equity shares that were issued under a rights issue. The first call is set at Rs 0.30 per share, which is 25% of the issue price of Rs 1.20 per share. This amount comprises Rs 0.25 towards paid-up capital and Rs 0.05 towards premium. The company has fixed Friday, July 11, 2025 as the record date to identify shareholders who will receive the first call notice. This relates to the rights issue of approximately 3.91 crore partly paid-up shares (face value Rs 1, with Rs 0.25 paid-up) made under the Letter of Offer dated April 9, 2025.
Shareholders who were allotted partly paid-up rights shares need to arrange funds for this first call by the record date. Failure to pay the call money on time can result in forfeiture of shares and loss of investment, so eligible shareholders should plan accordingly.