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Garment Mantra Lifestyle reported no deviation in the utilization of funds raised from its rights issue of partly paid equity shares. The company successfully deployed the capital, totaling 46.14 Cr, for its stated objectives. These included 34 Cr for working capital, 10.64 Cr for general corporate purposes, and 1.50 Cr for offer-related expenses. A minor shortfall from the initial rights issue target was adjusted within general corporate allocations, with some partly paid shares being forfeited. This update assures shareholders of aligned and transparent fund usage.