Iris Clothings Limited — QIP/Rights/Pref., 07-03-2025: Rights Issue

Iris Clothings Limited has announced a board meeting outcome related to its Rights Issue, aiming to raise up to Rs. 4,758.28 cr by issuing 1,35,95,105 fully paid-up equity shares at Rs. 35 per share. Eligible shareholders will receive one rights share for every six shares held, with the record date set for March 13, 2025. The rights issue opens on March 27 and closes on April 17, 2025. Post-issue, the total outstanding equity shares will rise to 9,51,65,735, assuming full subscription. Rights entitlements will be credited in demat accounts before the opening date.