Garment Mantra Lifestyle Board of Directors Meeting Announcement

VMPL

New Delhi [India]June 19: Garment Mantra Lifestyle’s Board meeting to be held on Monday, July 8, 2024. Garment Mantra Lifestyle Ltd has informed the BSE that a meeting of the Board of Directors of the company has been scheduled for July 8, 2024, to consider and approve the proposal for issue of bonus shares to the shareholders of the company, subject to shareholder approval, and also to increase the authorised share capital of the company and make corresponding amendments to the capital provisions of the Articles of Association of the company.

The trading window for trading in the Company’s securities will remain closed from the close of business on June 19, 2024 until 48 hours after the close of business of the Board of Directors meeting, i.e., until the close of business on July 10, 2024.

We are engaged in manufacturing and supplying knitted fabrics and apparel products, which includes apparel for all age groups such as children’s wear, men’s wear, women’s wear, boys’ wear, girls’ wear etc.

Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of the Indian masses. The founders of the company have extensive experience in the textile industry spanning over three decades. Garment Mantra has three business divisions. Firstly, Garment Mantra manufactures and sells both knitted fabrics and knitted garments. The manufacturing facility is located in Tirupur, the “Knit City of India”. The company’s complete product range of around 5,000 products is primarily targeted at the masses, which constitutes around 70% of the country’s population. The company’s products are available across India through a vast network of wholesalers and distributors.

GMLL focuses on affordability of its products without compromising on the quality of the products. GMLL has a unique business model that drives revenue and growth: Poorti & Full Choice: A wholesale and retail model of textile surplus, where it sources textile surplus from wholesalers and retailers across the country as well as from international markets. A large part of this business is from small unorganised players who have limited access to larger domestic and international markets, but GMLL has a strong penetration network across the market. The beauty of this model is cash and carry through a tokenised system.

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