Garment Mantra Lifestyle Limited has successfully obtained a waiver from BSE Limited for a regulatory fine while addressing a separate dispute over outstanding penalties from previous quarters. The textile company disclosed these developments in a regulatory filing dated January 7, 2026, providing updates on its compliance status with the stock exchange.

BSE Grants Fine Waiver for Committee Composition Issue

The company received confirmation that BSE Limited has waived a fine of ₹2,05,320.00 (including GST) that was originally imposed on May 30, 2025. The penalty was levied for alleged non-compliance with the composition requirements of the Nomination and Remuneration committee as per Regulation 19(1) of SEBI(LODR) Regulations, 2015 for the quarter ended March 31, 2025.

Outstanding Fine Dispute from Previous Quarters

Simultaneously, the company received an email regarding outstanding fines totaling ₹49,00,000.00 (excluding GST) as of January 6, 2026. These penalties relate to quarters ended June 2020, September 2020, and March 2021. However, Garment Mantra Lifestyle clarified that it had already received waivers from BSE for the fines imposed for June 2020 and September 2020 quarters.

The company explained that the outstanding amount appears to be due to BSE's failure to update their records with the previously granted waivers. Regarding the March 2021 quarter, the company stated it never received communication about any fine imposed for that period.

Company Response and Next Steps

Garment Mantra Lifestyle has sent a detailed email communication to BSE's designated officer on January 7, 2026, providing clarifications regarding the outstanding fine dispute. The company is currently awaiting BSE's response to resolve the matter.

The company emphasized that since it has already obtained waivers or provided necessary clarifications for the disputed amounts, there is no expected financial impact on its operations. The disclosure was made in compliance with Regulation 30 of the Listing Regulations and SEBI circular dated July 13, 2023.

Regulatory Compliance Framework

The filing demonstrates the company's commitment to maintaining transparency with stakeholders regarding regulatory matters. Both issues relate to compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, which govern various aspects of listed companies' operations and governance structures.

The successful waiver of the recent fine and the company's proactive approach to addressing the outstanding dispute reflect its efforts to maintain good standing with regulatory authorities while protecting shareholder interests.

Garment Mantra Lifestyle Limited announced that export buyers from Africa and the Middle East recently visited the company's state-of-the-art manufacturing facilities in Tirupur. The visit was conducted as part of the company's ongoing efforts to strengthen its export business and expand its global presence.

Buyer Visit Details

During the visit, export buyers and partners were given a comprehensive tour of the company's manufacturing operations. The demonstration included:

• End-to-end manufacturing processes
• Modern production infrastructure
• Quality control systems
• Operational capabilities
• Manufacturing facility showcase

The interaction aimed to explore potential business opportunities and strengthen relationships with international customers. The export buyers and partners appreciated the company's manufacturing capabilities and product quality, reinforcing Garment Mantra Lifestyle Limited's position as a reliable sourcing partner in global markets.

Company Background

Garment Mantra Lifestyle Limited has evolved into a leading apparel manufacturer and wholesaler from Tirupur, India's knitwear capital. With over 25 years of experience, the company has built its reputation on superior product quality, innovation in design, and long-standing customer relationships.

Under the leadership of Managing Director Prem Aggarwal, Garment Mantra has steadily transformed from a domestic wholesale player into a brand with a growing international footprint. The company now caters to export markets across the Gulf region, supplying premium-quality textile and semi-stitch suits along with garment articles that combine Indian craftsmanship with contemporary global fashion preferences.

With a focus on export-led growth, product diversification, and market-driven innovation, Garment Mantra Lifestyle Limited is positioning itself as a dynamic player in the global apparel trade, bridging India's rich textile heritage with the evolving tastes of international consumers.