Iris Clothings Limited — Others, 26-06-2025: Shareholders meeting

Iris Clothings Limited has announced the successful approval of an ordinary resolution for issuing bonus equity shares through a postal ballot conducted via remote e-voting. Out of the total shareholders, votes representing 58.69% of shares were polled, with 100% of votes cast in favor. This move effectively rewards existing shareholders with additional shares without diluting their current holdings, potentially enhancing shareholder value and confidence. The process was managed transparently by an independent scrutinizer, confirming the resolution’s passage with requisite majority. This bonus issue reflects a positive stance on the company’s capital management and shareholder engagement.