Iris Clothings Limited — Board Meeting, 24-04-2025: Outcome of Board Meeting

Iris Clothings Limited has announced a board meeting outcome, where it approved the allotment of 1,35,95,105 fully paid equity shares at ₹35 per share, totaling approximately ₹4,758.28 crore. The company also noted that the offer of NIL Rights Equity Shares is currently on hold due to a court dispute regarding the ownership of the underlying shares. Following this allotment, the company’s paid-up equity share capital will amount to ₹19.03 crore, reflecting the latest strategic decision by the board.