Garment Mantra Lifestyle has informed that the Board of Directors in their meeting held today, 17th January, 2025 has approved the following: To consider the increase in Authorised Share Capital of the company and alteration of capital clause of Memorandum of Association of the Company The Board has approved the increase in Authorised Capital of the Company from existing Rs 52,00,00,000 (Rupees Fifty- two crore rupees) divided into 52,00,00,000 (Fifty- two crore) Equity Shares of Rs.1 (Rupees one each) to Rs 62,00,00,000 (Rupees Sixty-Two Crores Only) divided into 62,00,00,000 (Sixty- Two Crores) Equity Shares of Rs 1 (Rupees One each) subject to approval of Shareholders. The Board has also approved the alteration of Memorandum of Association to substitute the existing Clause V with the new Clause V subject to approval of Shareholders; To fix date, time and venue for holding an Extra -Ordinary General Meeting seeking approval of shareholders for alteration of Memorandum of Association The Board approved to convene the Extra -Ordinary General Meeting of the company on 15thFebruary, 2025 at 11:00 am at Swaad Mantra Hotels and Restaurants, Tirupur to approve the increase in Authorized Share Capital of the Company and the subsequent alteration of Memorandum of Association.
The above information is a part of company’s filings submitted to BSE.
