Garment Mantra Lifestyle Issues Final Forfeiture Notice to Partly Paid

Garment Mantra Lifestyle Limited has issued a final reminder cum forfeiture notice to shareholders holding partly paid-up equity shares who have failed to meet their call money obligations. The Rights Issue Committee approved this decisive action during a meeting held on April 10, 2026.

Final Forfeiture Notice Details

The company's Rights Issue Committee has authorized the issuance of a final reminder cum forfeiture notice targeting shareholders who have not paid their call money obligations. This notice serves as the last warning before potential forfeiture proceedings.

Parameter: Details Notice Date: April 10, 2026 Meeting Duration: 13:55 p.m to 14:30 p.m Target Recipients: Holders of partly paid-up equity shares Consequence: Forfeiture of shares including amounts already paid

Previous Call Money Communications

The current notice references several previous communications sent to shareholders regarding call money payments:

June 23, 2025: First Call payment notice

July 29, 2025: Additional First Call payment communication

October 18, 2025: Second and Final Call payment notice

Shareholders who have not responded to these earlier notices now face the final warning before forfeiture proceedings.

Forfeiture Implications

The notice clearly states that shareholders failing to pay call money along with applicable interest by the specified deadline will face serious consequences. The partly paid-up equity shares held by defaulting shareholders will be liable for forfeiture, including any amounts already paid on these shares.

Document Accessibility

The forfeiture notice and related documents are available through multiple channels for shareholder access:

Company website: www.garmentmantra.com/investors

Registrar website: www.bigshareservices.com (Bigshare Services Private Limited)

The notice was signed by Company Secretary Lakshmi Priya, K (Membership No: A36135) and communicated to BSE Limited under the company's scrip code 539216, ensuring regulatory compliance under Regulation 30.

Garment Mantra Lifestyle Limited has reported robust financial performance for FY26, achieving significant growth in its export business. The Tirupur-based apparel manufacturer announced export revenues of ₹132.72 Crores on a consolidated basis, marking a strong year of business expansion with optimistic outlook for the first half of the current financial year.

Financial Performance Highlights

The company's financial results demonstrate impressive growth momentum across key metrics:

Metric: FY26 Performance Export Revenues: ₹132.72 Crores Year-on-Year Growth: ~60% Business Basis: Consolidated

Growth Drivers and Market Position

The substantial 60% year-on-year revenue growth reflects the company's strengthened market position and operational excellence. Several key factors contributed to this strong performance:

Robust order book with confirmed export orders

Enhanced product offerings across international markets

Strengthening relationships with global buyers

Continued demand across key export markets

The company has successfully leveraged its manufacturing capabilities and quality standards to capture increased market share in the global apparel sector.

Management Commentary and Outlook

Mr. Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, expressed satisfaction with the company's performance, stating that crossing the ₹130 Crores export milestone reflects the trust of global customers and the team's consistent focus on quality, timely delivery, and innovation.

With easing geopolitical tensions in the Middle East, the company maintains an optimistic outlook for the first half of the current financial year. The management highlighted encouraging demand trends and good visibility for upcoming quarters through a strong order pipeline.

Company Background and Operations

Garment Mantra Lifestyle Limited, formerly Junction Fabrics & Apparels Ltd, operates as a Tirupur-based apparel manufacturer and wholesaler with over 25 years of industry experience. The company has established itself as a reliable supplier of high-quality apparel products, combining Indian textile craftsmanship with contemporary global designs.

Under the leadership of Chairman & Managing Director Mr. Prem Aggarwal, the company has evolved from a domestic-focused player into a growing export-driven enterprise. The company continues to strengthen its footprint across international markets while contributing to India's textile export growth story.

Strategic Focus Areas

The company maintains a clear strategic focus on several key areas:

Export market expansion and diversification

Product portfolio enhancement and innovation

Operational excellence and quality standards

Strengthening relationships with global buyers

Exploring new markets and product segments

Domestically, the company continues to strengthen its wholesale network through hubs in Tiruppur and Surat, enabling efficient service and competitive pricing across India's major regions. The recent start of Tamil Nadu distribution network will further enhance its nationwide reach.

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