Key Quantitative Figures
- Total fine waived: ₹11,94,160
- Breakdown of waived fines:
- Regulation 17(1): ₹5,42,800 waived (Sep-2020)
- Regulation 18(1): ₹2,17,120 waived (Sep-2020)
- Regulation 19(1)/(2): ₹2,17,120 waived (Sep-2020)
- Regulation 20(2)/(2A): ₹2,17,120 waived (Sep-2020)
- Outstanding waiver applications pending:
- Regulation 27(2): Non-submission for quarter ended September 2020
- Regulation 31: Late submission for quarter ended June 2020
Dates of Action
- Original fine imposition: September 2020 (for various regulations)
- Waiver application filed by company: 7th January 2026 (filed on 27th March 2026)
- BSE communication date: 22nd October 2026
- Company disclosure date: 23rd October 2026
Parties Involved
- Garment Mantra Lifestyle Limited (Scrip Code: 539216, CIN: L18101TZ2011PLC017586)
- BSE Limited (Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai)
- Company Secretary: K. Lakshmi Priya (Membership No: A36135)
- BSE Officials: Shyam Bhagirath (Manager, Listing Compliance), Shraddha Bagwe (Deputy Manager, Listing Compliance)
Financial Impact
As explicitly stated in the BSE communication: 'Fine waived (in Rs.)' equals 'Fine levied (in Rs.)' for all four regulations, resulting in zero outstanding liability. The financial impact is nil for the waived amounts.
Status of Pending Applications
The company notes that waiver applications for penalties under Regulation 27(2) (non-submission for quarter ended September 2020) and Regulation 31 (late submission for quarter ended June 2020) are yet to be processed by BSE Limited.