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IRIS Clothings Limited, incorporated in 1956, is engaged in designing, manufacturing, branding and selling garments for kids.Iris Clothings Limited is a fast-growing readymade garment company and is engaged in designing, manufacturing, branding and selling garments for kids wear under the brand name DOREME in India. It produces a broad range of unique apparels for infants, toddlers and junior boys and girls.
Iris Clothings secured in-principle approval from NSE for a preferential issue of 77,08,183 equity shares at Rs. 2 each, valued at ~1.54 Cr. This green light paves the way for capital raise and share dilution.
Iris Clothings has entered into a Shareholder's Agreement for its 51% equity acquisition of Infinia Lifestyle. This agreement details the rights and obligations for the management and control of Infinia Lifestyle.
Iris Clothings signed a Share Purchase Agreement for its 51% equity stake acquisition in Infinia Lifestyle. This strategic move, previously board-approved, awaits customary closing conditions.
Iris Clothings' EGM approved key leadership: Mr. Sanjay Jain appointed Independent Director. Mr. Santosh Ladha re-appointed MD (holds 1,31,64,590 shares) and Mrs. Geeta Ladha re-appointed Whole-time Director (holds 7,82,29,140 shares). This maintains strong management continuity.
Iris Clothings, following a Board Meeting outcome, announced its Extra-Ordinary General Meeting (EGM), previously set for virtual attendance, will now be held in physical mode at the company's Registered Office. Investors should note this format change.