Update: Garment Mantra Lifestyle Limited will make the first call for the balance payment of partly paid shares. July 11, 2025, is the record date to determine the shareholders eligible for the first call notice. You can check the announcement from the company here.
As a result, the partly-paid shares of Garment Mantra Lifestyle Limited (GARMENTPP) were suspended from trading on exchanges from July 10, 2025, and you are no longer able to see these holdings on Kite.
You can check the announcement from the company here.
| Event Schedule | |
|---|---|
| Payment | â‚ą 0.30 per share |
| Call Payment Period | 04th August 2025 - 18th August 2025 |
| Allotment & Listing | Within 2-3 weeks from the last date of payment |
How do I make the call payment?
You can make the call payment via the following modes:
- Netbanking ASBA.
- Physical ASBA: Submitting a physical application form to SCSB’s designated branch.
You can find the list of SCSB (Self Certified Syndicate Banks) here.
What happens if I don’t make the call payment?
If you fail to make the payment, the company may forfeit the partly paid shares you hold and may also levy interest on the amount owed.
Garment Mantra Lifestyle Limited (GARMNTMNTR) has announced a rights issue of 39,14,97,795 equity shares aggregating up to Rs. 46.98 crores. The rights issue opens for subscription on April 30, 2025, and closes on May 14, 2025.
Anyone who holds shares of Garment Mantra Lifestyle Limited as of April 17, 2025 (record date) will be eligible to receive Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of the company or you can sell them in the market.
You can check the announcement from the company here.
You will be eligible to receive Rights Entitlements (REs) if you’ve bought the shares on or before April 16, 2025. The ex-date is April 17, 2025.
Rights issue details
| Issue Period | April 30, 2025 - May 14, 2025 |
|---|---|
| RE Trading Period | April 30, 2025 - May 09, 2025 |
| RE Symbol | GARMNTMNTR-RE |
| Issue Price | Rs. 1.2 per share (Rs. 0.30 on application) |
| Ratio | 3:1 |
| EX-date | Apr 17, 2025 |
| Record Date | Apr 17, 2025 |
| Tentative Date of Allotment for rights shares | May 19, 2025 |
| Tentative Date of Credit of rights shares | May 21, 2025 |
| Tentative Date of Listing for rights shares | May 23, 2025 |
This is a partly-paid issue, meaning you only have to make part payment at the time of application.
| Amount payable per equity share | Face Value | Premium | Total |
|---|---|---|---|
| On Application | 0.25 | 0.05 | 0.30 |
| One or more additional calls as may be decided by the company | 0.75 | 0.15 | 0.90 |
| Total | 1.00 | 0.20 | 1.20 |
If you continue holding partly-paid shares of Garment Mantra Lifestyle Limited. When the company makes a call for the balance payment, you will be liable to pay the balance sum. If you have sold the partly-paid shares, the buyer will be liable to pay the sum.
How to apply for Garment Mantra Lifestyle Limited Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using the below methods;
- Online via Netbanking ASBA
- Offline by submitting the Application Form to the nearest branch of SCSB (Self-Certified Syndicate Bank)
You can check the application process here.
You will need to enter your Demat account’s Beneficiary Owner ID, which is a 16-digit number, while applying for the rights issue.
The option to apply for rights shares through the RTAs portal is not available for this rights issue.
What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse, and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities, which will lapse if not renounced/exercised once the trading window is closed.
I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action and let the REs remain in your Zerodha account, they will lapse after the issue.
You can read more FAQs on Rights Issue and Rights Entitlements here.