The statement of Deviation and variation for quarter ended 31st December 2025
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Garment Mantra Lifestyle Ltd has confirmed there is no deviation or variation in the use of funds raised through partly paid equity shares issued on a Rights basis. The company raised a total of Rs. 37.57 crore across three tranches — Rs. 11.74 crore (application money in May 2025), Rs. 11.20 crore (first call in August 2025), and Rs. 14.62 crore (second and final call in December 2025). Of the total Rs. 46.98 crore originally planned for utilization, Rs. 23.39 crore has been used so far — Rs. 22.95 crore by the previous quarter and Rs. 43.85 lakh during the current quarter. The funds are being deployed for working capital (Rs. 17.78 crore used), general corporate purposes (Rs. 4.24 crore), and offer-related expenses (Rs. 1.36 crore), all in line with the original plan. The Audit Committee and auditors have no observations on the fund usage.
This is a routine compliance filing confirming funds are being utilized as originally disclosed, with no misuse or diversion. No negative implication for shareholders; the disclosure provides transparency on the rights issue fund deployment.