Key Decision
The Board of Directors of Garment Mantra Lifestyle Limited, at its meeting held on 28th July 2026, approved the proposal for withdrawal of the company's investment (capital contribution) in Limited Liability Partnership, Twenty Twenty Trading LLP.
Transaction Details
- Investment Amount to be Withdrawn: ₹37,000.00
- Counterparty: Twenty Twenty Trading LLP
- Buyer: Mrs. Shikha Aggarwal
- Transaction Type: Related party transaction (buyer belongs to the promoter group)
- Arm's Length: The transaction is stated to be entered into at arm's length
- Approval Basis: Approved as per applicable provisions of Companies Act, 2013
Financial Impact Assessment
According to the disclosed information:
- The LLP contributed no income (₹0) during the last financial year ending 31st March 2026.
- The LLP contributed no net worth (₹0) during the last financial year ending 31st March 2026.
- Consideration: The company expects to receive consideration aggregating to not less than ₹37,000.00.
Timeline
- Board Meeting Date: 28th July 2026
- Meeting Duration: 10:30 a.m. to 12:10 p.m.
- Expected Completion: Within 6 months from 28th July 2026
Additional Information
- Company Identification: CIN L18101TZ2011PLC017586
- GSTIN: 33AACCJ7046E1ZU
- Company Secretary: Lakshmi Priya (Membership No: A36135)
- Factory: Unit No. 22, Nethaji Apparel Park, Eettiveerampalayam, New Tirupur - 641 666