Iris Clothings Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
IRISDOREME · price
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Awaiting price reaction for this filing.
Iris Clothings Limited has announced the voting results of its Postal Ballot concluded on 25 June 2025, with results declared on 26 June 2025. The single resolution was for the issue of Bonus Equity Shares, which was passed as an Ordinary Resolution with overwhelming shareholder support. Out of 9,51,65,735 total outstanding shares, 5,58,48,533 shares (58.69%) were voted, and nearly 100% of votes cast were in favor of the resolution, with negligible votes against. The promoter group voted with 88.13% of their holdings (5,12,63,980 shares), while 12.76% of non-institutional public shares participated, also voting 99.99% in favor. The Scrutinizer certified the resolution as duly passed with requisite majority.
Positive for shareholders — the bonus share issue has been formally approved by shareholders and is one step closer to execution, which typically increases share liquidity and is viewed favorably by the market. The near-unanimous approval signals strong consensus among both promoters and public shareholders.