Garment Mantra Lifestyle Ltd — Important, 07-01-2026: Company Update

Garment Mantra Lifestyle received a waiver from BSE for a fine of Rs. 2.05 lakh previously imposed for a compliance matter regarding its Nomination and Remuneration Committee. Additionally, the company is addressing an outstanding amount of Rs. 49 lakh in older fines. The company states it had already received waivers for a significant portion of these, but BSE's records have not been updated. The company has communicated with BSE for clarification, expecting no financial impact from these amounts, indicating a resolution is underway. This update is positive as it clarifies potential financial liabilities.