Update on completion of Second and final call money received received from holders of partly paid equity shares issued under Rights Issue
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Garment Mantra Lifestyle Ltd has completed the second and final call of its Rights Issue, receiving ₹14.62 crore from holders of 24,36,91,975 partly paid-up equity shares during the call period from November 13 to November 27, 2025. The final call was for ₹0.60 per share, comprising ₹0.50 towards paid-up value and ₹0.10 towards premium, which represented the remaining 50% of the total issue price of ₹1.20 per share. Following this payment, the paid-up value of these shares has been increased from ₹0.50 to ₹1.00 per equity share. The total amount was received under ISIN INE653S01028. This was the concluding stage after ₹0.60 per share was earlier collected at application (on 39,14,97,795 shares) and first call (on 37,34,26,591 shares).
This is a procedural update confirming the successful and complete subscription of the company's Rights Issue. It converts partly paid shares into fully paid shares, increasing the company's paid-up capital by ₹14.62 crore as planned. The update is largely neutral for shareholders as the money was already anticipated under the rights issue structure, though it removes uncertainty about any potential forfeitures.