Corrigendum to EGM Notice for Infinia Lifestyle acquisition

Board & Shareholder Meetings View source PDF

IRISDOREME · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.1%1-day move

₹46.51

prior close

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AI summary

Iris Clothings issued a corrigendum to its EGM notice for acquiring 51 percent stake in Infinia Lifestyle via a preferential share swap. NSE asked the company to update the valuation report from provisional to audited financials of Infinia Lifestyle. Despite the update, there is no change in fair value or swap ratio. EGM is scheduled for August 3, 2026 at 11 AM via video conferencing.

Likely market impact

No change in deal terms. Shareholders still vote on August 3 to approve the 51 percent acquisition of Infinia Lifestyle through share swap.