Sangam (India) Limited has informed the Exchange about Memorandum of Understanding executed with DaMENSCH Apparel Pvt Ltd
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Sangam (India) Limited has signed a non-binding Memorandum of Understanding on 4th June 2025 with DaMENSCH Apparel Private Limited, a Bengaluru-based D2C apparel brand operating in the mid-premium to premium segment. Under the MOU, Sangam will invest approximately Rs. 10 crore (Rs. 9,99,29,050) by subscribing to 470 compulsorily convertible preference shares, giving it a 1.73% stake in DaMENSCH on a fully diluted basis. The investment is in cash and is subject to conditions precedent and signing of definitive agreements. The partnership aims to explore long-term collaboration in manufacturing, marketing, and selling Sangam's seamless and activewear products through DaMENSCH's brand.
This is a small minority investment (1.73%) rather than a controlling stake, so the immediate financial impact is limited. However, it opens a distribution and brand channel for Sangam's seamless/activewear products into India's growing D2C premium apparel market, which could support incremental revenue over time. Since the MOU is non-binding and pending definitive agreements, the stock impact is likely to be modest until further clarity emerges.