# Garment Mantra Submits Corrected FY26 Annual Report to BSE as Net Profit Rises 95.4%

> Garment Mantra Lifestyle filed a revised FY26 annual report with BSE, fixing related party and auditor errors.

- Published: 2026-10-31T17:34:24+00:00
- Section: Regulation & Approvals
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-31/garment-mantra-revised-fy26-report
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/garment-mantra-lifestyle-submits-revised-fy26-report-correcting-rpt/55008909)

## Key takeaways

- Garment Mantra Lifestyle submitted a revised FY26 annual report to BSE, superseding its September 1, 2026 filing.
- Standalone net profit after tax rose 95.4% to ₹312.43 lakh, helped by a ₹195.11 lakh exceptional gain from fixed asset sales.
- The company raised ₹37.34 crore through a rights issue, lifting paid-up share capital to ₹44.45 crore and cutting the debt-equity ratio to 0.07.

[Garment Mantra](https://akta.pro/company-profiles/00eq1ak/garment-mantra) Lifestyle has filed a revised annual report for the financial year 2025-26 with BSE Limited, replacing its earlier submission dated September 1, 2026, to fix errors in related party transaction disclosures and auditor details. [ScanX](https://scanx.trade/stock-market-news/companies/garment-mantra-lifestyle-submits-revised-fy26-report-correcting-rpt/55008909) reported the filing on October 31, 2026. The Tirupur-based company makes nightwear, comfort wear and accessories under the Hylex and Monk brands for wholesale, export and institutional buyers.

## The Five Corrections in Garment Mantra's Filing

The company identified five discrepancies in the original document. A sale of fabrics was misclassified as a purchase in the related party transaction with Beatle Apparels, and loan repayments were attributed incorrectly among Mr. Prem Aggarwal, Mrs. Shikha Aggarwal and Mr. Aditya Aggarwal. The auditor's place was stated as Mumbai instead of Tirupur, and the secretarial auditor's name was left off the signing page of the MR-3 report.

The revised report states that no other changes were made to the annual report's contents. Standalone income from operations rose to ₹10,536.01 lakh in FY26 from ₹8,138.27 lakh in FY25. Standalone net profit after tax increased to ₹312.43 lakh from ₹159.90 lakh, a 95.4% rise, and profit before tax reached ₹454.73 lakh from ₹218.33 lakh.

Excluding an exceptional item of ₹195.11 lakh from the sale of fixed assets, standalone profit before tax grew 18.9%, from ₹218.33 lakh to ₹259.62 lakh. Consolidated sales revenue doubled to ₹26,202.36 lakh from ₹13,241.06 lakh, and consolidated net profit rose to ₹447.49 lakh from ₹286.69 lakh.

## Garment Mantra's Rights Issue and Capital Base

According to akta.pro [company records](https://akta.pro/company-data), the rights issue carried BSE in-principle approval dated December 27, 2024, and a CRISIL BB+ credit rating. The company completed the rights issue during the fiscal year, raising ₹37.34 crore through the allotment of rights equity shares. Paid-up share capital rose to ₹44.45 crore, comprising 44,44,60,075 equity shares of ₹1 each, and the debt-equity ratio improved to 0.07 from 0.32.

The same records show forfeiture notices dated April 11, 2026, issued under the rights issue for unpaid allotments. Garment Mantra operates two manufacturing units within Netaji Apparel Park, which hosts 54 units in total.

## Garment Mantra's Path to the Revised Filing

Garment Mantra held its 15th annual general meeting on September 26, 2026, in Tirupur, where shareholders adopted the audited FY26 financials and reappointed Shikha Aggarwal Prem as director, ScanX reported. For the quarter ended June 2026, consolidated net sales were Rs 61.97 crore, up 66.77% year-on-year, according to Business News Today, while Business Standard reported consolidated net profit rose 12.96% to Rs 2.79 crore.

## What Comes Next for Garment Mantra

On October 22, 2026, BSE waived ₹11.94 lakh in fines for four SEBI LODR violations from the quarter ended September 2020, leaving a zero residual fine for those regulations, ScanX reported. Two other standard operating procedure penalties, covering disclosure delays, remain under review by BSE.

## Companies in this story

- [Garment Mantra company profile](https://akta.pro/company-profiles/00eq1ak/garment-mantra) · website: https://www.garmentmantra.com

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