Iris Clothings Limited's board approved the audited financial results for the quarter and year ended 31 March 2025 in its meeting held on 15 May 2025.
The board has recommended the issue of bonus equity shares to existing equity shareholders in the ratio of 1:1, i.e., one bonus equity share of ₹2 fully paid up for every one existing fully paid-up equity share.
This bonus issue is subject to the approval of shareholders through postal ballot.
The company will issue 95,165,735 equity shares of ₹2 each as bonus shares.
The bonus shares will be issued out of free reserves.
Pre-bonus issue share capital was ₹19,03,31,470, and post-bonus issue share capital will be ₹38,06,62,940.
Free reserves of ₹19,03,31,470 are required for implementing the bonus issue.
Free reserves available for capitalization as of 31 March 2025, are ₹65,96,98,963.74.
The estimated date by which the bonus shares shall be credited/dispatched is within 2 months from the date of board approval.
For the Quarter ended 31st March 2025, the company's Revenue from Operations was ₹4,020.36 Lakhs compared to ₹4,211.80 Lakhs in the corresponding quarter last year.
The company's Net Profit for the year ended 31st March 2025 stood at ₹1,312.23 Lakhs.
The Board has confirmed that the Financial Results do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading.