The Rights issue committee is schedule to be held on 9th of April, 2025 to determine the record date
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Garment Mantra Lifestyle Ltd has informed BSE that a meeting of its Rights Issue Committee will be held on April 9, 2025 via video conferencing. The committee will discuss and approve the terms of the proposed rights issue, including the number of equity shares to be offered, issue price, entitlement ratio, and payment terms. It will also fix the record date to determine which shareholders are eligible for the rights issue. The trading window for insiders has been closed from April 4, 2025, until 48 hours after the meeting concludes.
This is a preliminary announcement — no rights issue terms or pricing have been finalised yet. Shareholders should watch for the committee's decision on the record date, issue price, and entitlement ratio, which will determine the dilution and cost of participating in the rights issue.