Iris Clothings Limited — Others, 17-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

Iris Clothings Limited has confirmed non-applicability for the Statement of Deviation(s) or Variation(s) under SEBI regulations for the quarter ended 31 March 2025, stating that no funds were raised through various issues during this period. However, the company has made an offer to shareholders for the issuance of shares on a rights basis, following in-principal approval from the stock exchange. This might reflect a strategic move to strengthen shareholder engagement and bolster capital structure. Investor sentiment could lean positively towards this initiative, given the potential for increased liquidity and shareholder value.