This is to inform you that the meeting of Rights Issue committee held today i.e. July 29, 2025 the payment for First Call money shall open from August 4 2025 till August 18, 2025
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Garment Mantra Lifestyle has issued a corrigendum to its First Call Money notice for the rights issue made earlier in 2025. Shareholders who hold partly paid-up equity shares (₹0.25 paid-up) need to pay ₹0.30 per share (₹0.25 towards face value and ₹0.05 towards premium) as the first call. The payment window has been revised: it will now run from Monday, August 4, 2025 to Monday, August 18, 2025 (instead of the earlier July 28 to August 6, 2025 window). Failure to pay by the deadline will attract 10% per annum interest and risk of forfeiture of the shares. Trading of the ₹0.25 paid-up shares has been suspended since July 11, 2025, and a new ISIN for ₹0.50 paid-up shares is expected to start trading within 3 weeks after August 18, 2025. The original rights issue was priced at ₹1.20 per share (including ₹0.20 premium) in a 39-for-20 ratio, with ₹0.90 per share still remaining to be called in future.
Existing shareholders holding the partly paid-up rights shares must pay ₹0.30 per share between August 4 and August 18, 2025 or risk forfeiture of their shares plus 10% interest on the overdue amount. This is an administrative timeline update rather than new fundraising, but it does affect the cash outflow timing for eligible shareholders.