Garment Mantra Lifestyle Ltd — Updates, 15-05-2025: Company Update

Garment Mantra Lifestyle Limited has announced the successful closure of its Rights Issue, which was oversubscribed with investor participation totaling 47.34 crore equity shares against the issue size of 39.15 crore shares, reflecting strong confidence in the company. The funds raised will enhance working capital and support expansion plans, including growth in garment exports—already at approximately ₹5 crore this year—and new ventures into uniform and corporate supply segments as well as the re-commerce vertical. This capital infusion aims to strengthen the company’s market position and sustain long-term growth.