IRIS Clothings to issue bonus shares in 5:2 ratio
Board at IRIS Clothings also approved migration of the company’s shares from SME platform to Main board of NSE.
Company : Iris Clothings Limited
IRIS Clothings made an announcement regarding the Board"s decision to issue bonus shares in the ratio of 5:2, that is 5 bonus equity shares of Rs.10 each fully paid up for every 2 existing equity shares of Rs.10 each fully paid up held as on record date.
The estimated date by which bonus shares will be dispatched or credited has been fixed as within 2 months from the date of approval by the board which is August, 26, 2020.
The Board of Directors at IRIS Clothings has also approved the migration of the companys shares from SME platform of NSE Emerge to the Main Board of National Stock Exchange.
Established in 2004, IRIS Clothings has made a name for itself in the list of top suppliers of in India. The supplier company is located in Howrah, West Bengal and is one of the leading sellers of listed products.
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