Garment Mantra Lifestyle Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the forfeiture of partly paid-up Rights Equity Shares.
The company had previously issued and allotted partly paid-up Rights Equity Shares pursuant to a Rights Issue in the year 2025, based on a Letter of Offer dated April 9, 2025. The total number of partly paid-up Rights Equity Shares issued was 39,14,97,795.
Out of these, call money was received for 37,74,41,932 equity shares, which were subsequently converted into fully paid-up Equity Shares of the company. However, for 1,40,55,863 partly paid-up shares, the company did not receive the call money on time.
The company had intimated shareholders through reminder notice(s) that non-payment of call money would attract forfeiture. While call money was received for 1,06,10,087 shares (additional context from the text), the holders of the remaining 1,40,55,863 Partly Paid-up Rights Equity Shares failed to pay the balance call money.
Consequently, the Rights Issue Committee of the company, at its meeting held on June 17, 2026, decided to forfeit these 1,40,55,863 Partly Paid-up Rights Equity Shares. The forfeiture includes both the shares on which call money was not received and the amount already paid up on such partly paid-up Rights Equity Shares.
This information is also available on the company's website at www.garmentmantra.com.
The disclosure is signed by Lakshmi Priya, Company Secretary, on behalf of Garment Mantra Lifestyle Limited.