Board of Directors at its meeting held on March 07, 2025, has decided to issue equity shares on rights basis…
As filed · Iris Clothings Limited has informed the Exchange that Board of Directors at its meeting held on March 07, 2025, has decided to issue equity shares on rights basis in the ratio of 1 : 6, i.e 1 Equity S
What happened
FactIris Clothings Limited has informed the Exchange that Board of Directors at its meeting held on March 07, 2025, has decided to issue equity shares on rights basis in the ratio of 1 : 6, i.e 1 Equity Shares for every 6 Equity Shares held. 2024 authorising the Rights Issue for an amount aggregating up to Rs. 5,000 Lakhs, by way of a rights issue. Rights Issue Price: Rs. 35/- per Equity Share (including a premium of Rs. 33/- per Equity Share);
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
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Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
Evidence
How CapitSignal classified this
- Reasoning:
- RIGHTS_ISSUE base 64; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%