The scrutinizers report pursuant to regulation 44 of SEBI(LODR) is submitted herewith of EGM dated 10th May, 2025
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Garment Mantra Lifestyle Ltd held its 2nd Extra-Ordinary General Meeting (EGM) for calendar year 2025 on May 10, 2025, at 11:00 AM in Tirupur. Three special resolutions were put to vote through e-voting and physical poll, and all three were passed with overwhelming majority. Resolution 1 re-appoints Mr. Prem Aggarwal as Managing Director for another 5-year term (99.99% in favor). Resolution 2 re-appoints Mrs. Shika Aggarwal as Whole Time Director for another 5-year term (99.85% in favor). Resolution 3 regularizes the appointment of Mr. S. Babu as Independent Director (99.99% in favor). Out of 54,306 total shareholders, only about 31 attended in person, with overall poll participation being very low at around 1.55% of outstanding shares for resolutions 1 and 2, and 31.21% for resolution 3. Promoter votes (60,594,638 shares) were excluded from resolutions 1 and 2 due to their interested status. Scrutinizer G.V. and Associates confirmed no invalid votes were found.
All three resolutions passed comfortably, securing the continuation of key leadership (MD and WTD) for another 5-year term and confirming a new Independent Director. For shareholders, this signals board continuity and management stability, though the very low retail voting participation (~1-2% of equity) suggests limited minority engagement in these resolutions.