Pursuant to Regulation 84 of SEBI(ICDR) Regulations, 2018, intimation in respect of certain matters relating to rights issue of the company, the newspaper advertisement has been published ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garment Mantra Lifestyle Ltd has informed BSE about the publication of newspaper advertisements on April 25, 2025 for its ongoing rights issue, as required under SEBI ICDR Regulations. The company is issuing 39,14,97,795 partly paid-up equity shares of face value Rs. 1 each at a price of Rs. 1.20 per share (including Rs. 0.20 premium), aggregating up to Rs. 4,697.97 lakhs. The issue is in the ratio of 39 rights shares for every 20 fully paid-up shares held on the record date of April 17, 2025. Ads were published in Business Standard (English & Hindi, all editions) and Makkal Kural (Tamil). The last date for on-market renunciation is April 30, 2025 and the issue closes on May 14, 2025. Promoters are Mr. Prem Aggarwal and Mrs. Shikha Aggarwal.
This is a procedural compliance filing confirming newspaper publication of the rights issue already announced. Existing shareholders as on April 17, 2025 record date can subscribe to the rights shares at Rs. 1.20 each or renounce their entitlements. The rights ratio of 39:20 means significant potential dilution if not fully subscribed. The issue price is only marginally above face value, suggesting the company is raising capital primarily through share count expansion.