Garment Mantra Lifestyle Limited concluded its 15th Annual General Meeting (AGM) on September 26, 2026, in Tirupur. The meeting focused on the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the reappointment of a director retiring by rotation. The company has now disclosed the final voting results, confirming that all proposed resolutions were passed with the requisite majority.

Key Agenda Items Resolved

The Board of Directors presented the standalone and consolidated financial statements for FY26, along with the Directors' Report and Auditors' Report. Members were also asked to approve the reappointment of Shikha Aggarwal Prem as a director. Additionally, shareholders considered the ratification of remuneration for the cost auditor for the upcoming fiscal year.

Meeting Proceedings and Voting

Managing Director Prem Aggarwal chaired the proceedings, which commenced at 11:15 am and concluded at 11:45 am. The meeting was held at Swaad Mantra Hotels and Restaurants in Tirupur. Statutory auditors M/s Balaji and Thulasiraman and secretarial auditors M/s G.V and Associates attended the session.

Voting was conducted through a combination of remote e-voting and physical polling at the venue. Remote e-voting opened on September 23, 2026, and closed on September 25, 2026. R. Hariram, Practicing Company Secretary, served as the scrutinizer for the voting process.

Voting Results Breakdown

The consolidated scrutinizer's report details the specific vote counts for each resolution. For the adoption of FY26 financial statements, 180,529,054 votes were cast, with 99.99% in favor. The reappointment of Shikha Aggarwal Prem received 1,765,345 valid votes after excluding interested parties' shares; 97.03% voted in favor, while 2.97% voted against. The ratification of cost auditor remuneration saw 180,529,054 votes cast, with nearly 100% support.

Note: For the director reappointment resolution, votes cast by interested parties totaling 178,753,596 shares were not taken into consideration.

Disclosure and Compliance

The company confirmed that there were no qualifications or adverse remarks in the statutory auditor's report. Explanations regarding observations in the secretarial audit report were provided within the Board's report for member review. The final results of the combined remote e-voting and poll were announced following the submission of the scrutinizer's report to BSE Limited on September 29, 2026.

Garment Mantra Lifestyle Limited has established a dedicated office in Tirupur, Tamil Nadu, to strengthen its Corporate Apparel and White-Label business segments. The company commenced operations at the new facility on September 22, 2026.

The move aims to provide focused sourcing, product development, and customer servicing capabilities for these specific segments.

Operational Setup

The new office and warehouse spread across approximately 5,000 square feet feature separate teams for Corporate and White-Label businesses. These teams will handle customer requirements, product selection, sourcing, design coordination, sampling, approvals, and execution.

Key features of the facility include:

• Dedicated space for stock keeping and ready inventory to support faster order fulfilment
• A specialized design team for product development, logo placement, garment customisation, sampling, and customer approvals
• Closer coordination with customers, suppliers, and manufacturing partners leveraging Tirupur’s textile ecosystem

Strategic Rationale

Tirupur offers an established ecosystem of yarn, fabric, processing, and garment manufacturing. The company expects this presence to facilitate stronger engagement with existing customers and the addition of new clients in domestic and international markets.

Prem Aggarwal, Managing Director, stated that the initiative leverages the company’s manufacturing capabilities, quality, and timely delivery strengths to expand relationships with existing and prospective customers.

“The establishment of our dedicated Corporate and White-Label office in Tirupur is an important step in strengthening these businesses. With dedicated teams, design capabilities and ready inventory at one location, we aim to provide our customers with greater responsiveness and a more integrated service experience.”

Company Background

Garment Mantra Lifestyle Limited (formerly Junction Fabrics & Apparels Ltd) is a Tirupur-based apparel manufacturer with over 25 years of industry experience. The company has evolved from a domestic-focused player into an export-driven enterprise, strengthening its wholesale network through hubs in Tirupur and Surat.