Garment Mantra Lifestyle successfully migrates to BSE Mainboard

Garment Mantra Lifestyle Ltd (Erstwhile Junction Fabrics & Apparels Ltd) is quite enthused while updating its esteemed stakeholders about successful migration from BSE's SME Platform to the Main Board from October 21, 2020 vide BSE Notice reference no. 20201019-14 dated October 19, 2020, which is the fulfillment of founders long cherished goal.

The Company is marking a new beginning in its journey, which will provide momentum to its growth efforts and enable the Company to inch closer to their vision of becoming one of the most trusted and valuable textile and apparel brands in the industry. The Company is witnessing steady traction on both core operations as well as Covid essentials after this challenging time, where the Company has built a robust order book for the supply of Covid essentials and has emerged as one of the leading players in this vertical. On the other hand, the Company has seen surge in demand on core business vertical due to festive season. The company is gradually resuming its normalized operations at the factory level with ease of restrictions and availability of labor.

Commenting on the same, Mr. Prem Aggarwal, Chairman & Managing Director, "We at Garment Mantra are extremely proud to update our stakeholders about migration to BSE Mainboard. We are confident of achieving new milestones, going forward. The transition of Garment Mantra's stock on the BSE's Mainboard will help us to tap into existing and future growth opportunities in our value creation journey; and our commitment to create a robust and a transparent corporate governance framework. Recently we have forayed into medical textile segment which is one of the fastest growing sectors. It includes textile materials used in hygiene, health and personal care as well as surgical applications. We are continuously expanding our presence in new geographies - both in the domestic and export markets."

Source : Equity Bulls

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