The Company is submitting herewith the imposement of fine received from BSE yesterday on 29th March, 2025 pursuant to Regulation 30 of SEBI(LODR) Regulations

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹1.90

prior close

₹1.81

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.7% vs market

Garments & Apparels peers, median of 36sector+0.2%-2.8% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.8 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.2

10m

+0.6

15m

+1.7

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6+0.1-2.7+0.2-2.8

Next day

-2.6-0.2-2.4-0.6-2.0

-1.1+0.3-1.4+0.2-1.3

-2.6+0.9-3.5+0.7-3.4

-3.2+0.8-3.9+0.6-3.8

-6.3+2.2-8.5+1.1-7.4

-7.4+3.4-10.7+2.5-9.9

15d

-7.4-0.8-6.6-1.3-6.1

-7.9+2.9-10.8+0.0-7.9

-8.9+0.8-9.8-3.3-5.6

-16.8+0.0-16.9-9.1-7.8

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE has levied a fine of Rs. 2,05,320 (including GST) on Garment Mantra Lifestyle Ltd for not complying with Regulation 19(1) of SEBI's Listing Rules, which requires companies to have a properly constituted Nomination and Remuneration Committee (NRC), for the quarter ended 31st March 2025. The company disputes this, stating it had re-constituted the NRC committee way back on 29th March 2015 and had even shared this information with BSE through a prior corporate announcement. The company has clarified that this fine has no impact on its financial position, operations, or any other business activity. It plans to apply for a waiver under SEBI's policy on exemption of fines, and points out that BSE has previously waived off similar fines in earlier instances once compliance was shown.

Likely market impact

This is a small regulatory fine (around Rs. 2 lakh) and the company is likely to get it waived since it has already re-constituted the committee and done so successfully before. Shareholders are unlikely to see any meaningful effect on the stock or business from this.