Garment Mantra Lifestyle Limited reported strong financial performance for FY 2025-26, with consolidated revenue nearly doubling to ₹26,202.36 lakhs from ₹13,241.06 lakhs in the previous year. Net profit increased significantly to ₹447.74 lakhs from ₹286.73 lakhs. Standalone performance showed revenue of ₹10,536.01 lakhs and net profit of ₹312.43 lakhs.
The company completed a major rights issue during the year, issuing 39.15 crore partly paid-up shares and converting 24.37 crore to fully paid status, raising a total of ₹37.34 crores including premium of ₹626.15 lakhs. This resulted in a significant increase in subscribed share capital to ₹5,741.95 lakhs from ₹2,007.68 lakhs and diluted promoter holding from 27.49% to 12.42%.
A revised annual report was submitted to BSE correcting errors in the original submission, including corrections to related party transactions involving Beatle Apparels and directors Prem Aggarwal, Shikha Aggarwal, and Aditya Aggarwal, as well as auditor details. The company has scheduled its 15th AGM for September 26, 2026, to adopt financial statements and reappoint director Shikha Aggarwal.
Significant contingent liabilities exist in the form of GST litigations, with total demands of ₹1,339.59 lakhs across the holding company and subsidiary Hylex Fashion Private Limited. The holding company faces appeals against demands of ₹91.72 lakh for alleged excess Input Tax Credit, while the subsidiary has an appeal pending against a demand of ₹1,226.38 lakh with an interim stay granted by Madras High Court.
Financial ratios showed improvement with current ratio at 4.78 (previous: 2.56), debt equity ratio at 0.07 (previous: 0.32), and return on equity at 0.05 (previous: 0.04). The company withdrew from subsidiary Twenty Twenty Trading LLP during the current year and maintained strong corporate governance with 7 board meetings and various committee meetings throughout the year.