Mittal Lifestyle Limited has recently announced a significant business update involving a major order from vendors of Arvind Lifestyle Brands Limited and Myntra Designs Private Limited. The company has received an order worth approximately Rs. 5 Crore for the supply of denim fabrics, marking a notable milestone for the company in the textile industry. This contract underscores the growing demand for Mittal Lifestyle's innovative products, which offer distinct advantages such as over-dyed fabrics, horizontal slub effect impressions, and dobby design patterns—features that make the company’s denim stand out in the competitive market.

The order consists of 2 lac meters of denim fabrics, with the possibility of an increase in quantity at the discretion of the vendors, depending on the ongoing demand and response from end users. The company’s denim fabrics are gaining attention in the market due to their unique properties, including their distinct colour from regular indigos and the fresh vibe they bring to garments after washing. These advantages have made Mittal Lifestyle's products highly sought after in the textile market, especially within the fashion retail segment.

The order was awarded by domestic entities, specifically vendors of Arvind Lifestyle Brands Limited and Myntra Designs Private Limited, both well-established names in the Indian retail and fashion industry. The contract pertains to the supply of denim fabrics, with majority of the order already executed as per the terms of the agreement. The order is valued at Rs. 5 Crore (approximately), and it is expected that the companies may place additional orders under the same terms and conditions during the validity period.

It is important to note that this order does not involve any related party transactions. There is no interest from the promoters or promoter group of Mittal Lifestyle in the entities awarding the contract, ensuring that the business dealings are in line with standard industry practices and regulations. As such, the transaction adheres to the principles of fair trade and is being executed at arm’s length.

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically under Regulation 30 of the Listing Obligations and Disclosure Requirements (LODR), Mittal Lifestyle Limited has provided the necessary disclosures regarding this order. The company’s adherence to these regulations highlights its commitment to transparency and investor confidence.

As Mittal Lifestyle continues to expand its operations and supply chain, this order from Arvind Lifestyle and Myntra will help further establish its position in the denim fabric market. The company’s ability to innovate and meet the growing demands of the fashion industry sets it apart as a leader in the textile space.

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