Iris Clothings Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on February 03, 2026
IRISDOREME · price
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Iris Clothings Limited (NSE: IRISDOREME) has called an Extraordinary General Meeting (EGM) on February 3, 2026 at 11:00 a.m. at its registered office in Howrah, West Bengal. Three special resolutions will be taken up: (1) appointment of Mr. Sanjay Jain (DIN: 00167765) as Non-Executive Independent Director for 5 years effective November 6, 2025; (2) re-appointment of Mr. Santosh Ladha (DIN: 03585561), founder-promoter, as Managing Director for 3 years effective July 30, 2026; and (3) re-appointment of Mrs. Geeta Ladha (DIN: 03585488), Whole-time Director, for a similar 3-year term. Both executive directors' maximum remuneration is proposed to be raised from Rs. 1.5 crore to Rs. 2 crore per annum. The e-voting window runs from January 31 to February 2, 2026, with a cut-off date of January 27, 2026. The company reported total revenue of Rs. 14,657.93 lacs and profit after tax of Rs. 1,312.23 lacs in FY25, up from Rs. 12,201.81 lacs and Rs. 1,221.19 lacs in FY24.
This is largely a routine governance and leadership continuity exercise, with the promoter-led Ladha family retaining operational control for another 3-year term. Shareholders may want to note the proposed 33% increase in maximum remuneration ceiling for both executive directors (from Rs. 1.5 crore to Rs. 2 crore), though actual payouts can be lower. The addition of an independent director with logistics expertise is a positive governance signal.