Iris Clothings Limited has informed the Exchange regarding 'Allotment of Securities pursuant to Bonus'.
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 in the ratio of 1:1, meaning one bonus share for every one existing share held. Eligible members were those on the register as of the record date, 4th July 2025, with the deemed allotment date being 7th July 2025. Following this allotment, the company's paid-up equity share capital has increased to Rs. 38,06,62,940, divided into 19,03,31,470 equity shares of Rs. 2 each. This effectively doubles the number of outstanding shares for existing shareholders without any change in the underlying value of their holding.
Existing shareholders will see their share count double, but the share price is expected to adjust downward proportionally on the ex-bonus date, keeping the overall value of their holding unchanged. The dilution in earnings per share may be offset by the same proportionate growth in share count.