Sangam (India) Limited — Important, 04-06-2025: Agreements

Sangam (India) Limited has announced a board meeting to consider investing ~₹10 Cr in DaMENSCH Apparel Private Limited by acquiring a 1.73% stake through 470 compulsorily convertible preference shares. The non-binding MOU targets a strategic partnership for manufacturing, marketing, and selling seamless and activewear products. This move expands Sangam’s footprint into the mid-premium to premium lifestyle and apparel segment via Bengaluru-based DaMENSCH.