The outcome of Rights Issue Committee meeting held today has approved the Notice for Final reminder cum Forfeiture Notice of shares issued under Rights Issue. The issue opens on 15th of ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garment Mantra Lifestyle's Rights Issue Committee met on April 10, 2026 and approved a Final Reminder cum Forfeiture Notice for shareholders who failed to pay call money on partly paid-up equity shares from a past Rights Issue. Earlier reminders were sent on June 23, 2025, July 29, 2025 (First Call) and October 18, 2025 (Second and Final Call). Shareholders who do not pay the outstanding call money along with interest by the deadline specified in the notice will have their partly paid-up shares forfeited, and even the amount already paid will be lost. The notice is available on the company's website and on the registrar Bigshare Services' website.
This is negative for shareholders who have not paid the call money, as they stand to lose both their shares and any amount already paid towards them. For the broader market, the forfeiture reduces the equity base slightly, but the event reflects an unresolved rights issue from earlier and is unlikely to have a major direct impact on the stock price.