Iris Clothings Limited has informed the Exchange regarding Board meeting held on July 07, 2025.
IRISDOREME · price
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.7 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Iris Clothings Limited has allotted 9,51,65,735 bonus equity shares of Rs. 2 each to eligible shareholders in a 1:1 ratio (one new share for every one existing share). The record date for the bonus issue was July 4, 2025. Following this allotment, the company's paid-up equity share capital has risen to Rs. 38,06,62,940, divided into 19,03,31,470 equity shares of Rs. 2 each. The board approved the allotment at its meeting on July 7, 2025, which ran from 11:30 a.m. to 12:10 p.m. This effectively doubles the number of outstanding shares held by each shareholder.
Shareholders will see their shareholding double, though the share price is likely to adjust downward proportionally on the ex-bonus date. The total value of holdings should remain largely unchanged immediately after the bonus, while liquidity in the stock typically improves due to the higher number of shares trading.