The corrigendum to EGM notice dated 29th March, 2025 is submitted herewith
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Garment Mantra Lifestyle Limited has issued a corrigendum to its EGM notice ahead of the Extra-Ordinary General Meeting scheduled for May 10, 2025 at 11:00 a.m. in Tirupur. The main change is that Item No. 3 — regularizing the appointment of Mr. S. Babu (DIN: 11009188) as Independent Director for 5 years (10.05.2025 to 09.05.2030) — has been upgraded from an Ordinary Resolution to a Special Resolution. The polling paper (Form No. 12) has also been updated to reflect the correct resolution types. The EGM will additionally consider re-appointing Mr. Prem Aggarwal as Managing Director and Mrs. Shikha Aggarwal as Whole-time Director, each for another 5-year term. All other contents of the original EGM notice remain unchanged.
The upgrade to a Special Resolution raises the approval threshold to 75% of votes cast, making Mr. S. Babu's appointment as Independent Director a more rigorous shareholder vote. Retail investors should review the updated notice before the May 10 meeting, though the underlying substance of all resolutions remains the same.