The statement of Utilisation for the funds raised during the quarter ended 30th September, 2025 pursuant to Regulation 32 of SEBI(LODR), 2015
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Awaiting price reaction for this filing.
Garment Mantra Lifestyle Limited has filed a routine compliance statement confirming that there is no deviation or variation in how it has used the funds raised through a rights issue of partly paid equity shares. The company raised around Rs. 11.74 crore as application money on May 22, 2025 and an additional Rs. 11.20 crore through the first call on August 28, 2025, totalling roughly Rs. 22.95 crore. As of September 30, 2025, the entire amount has been deployed exactly as planned — about Rs. 17.35 crore for working capital needs, Rs. 4.24 crore for general corporate purposes, and Rs. 1.36 crore for offer-related expenses. The Audit Committee and auditors have raised no objections, and no monitoring agency was required.
This is a clean compliance filing with no negative findings, so it should not impact the stock price. Investors can take comfort that the money raised through the rights issue is being used for the purposes originally disclosed to shareholders.