Iris Clothings Limited has informed the Exchange regarding Resignation of Mrs VRANDA MANISH RATHI as Non- Executive Independent Director of the company w.e.f. August 08, 2025.
IRISDOREME · price
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Iris Clothings announced that Mrs. Vranda Manish Rathi has resigned as Non-Executive Independent Director effective August 8, 2025, citing other pre-occupations and commitments. The company stated there are no other material reasons for the exit. To fill the vacancy, the board approved the re-appointment of Mr. Manoj Tulsyan as Non-Executive Independent Director from October 15, 2025, subject to shareholder approval at the AGM. The board also approved Q1 FY26 unaudited results, with revenue from operations rising to Rs 3,739.90 lakhs from Rs 3,142.97 lakhs YoY (~19% growth), and profit after tax increasing to Rs 263.01 lakhs from Rs 242.45 lakhs YoY. Additionally, M/s. Vimal & Seksaria was re-appointed as Internal Auditor and Mrs. Pooja Bachhawat was appointed as Secretarial Auditor for 5 years.
The resignation is a routine independent director exit for personal reasons with a replacement already lined up, so governance impact is minimal. Quarterly results show healthy revenue growth and improved profitability, which is mildly positive for shareholders.