Meeting Details

Date: Monday, August 3, 2026

Time: 11:00 A.M. to 11:16 A.M. IST

Type of Meeting: Extraordinary General Meeting

Mode/Venue: Video Conferencing / Other Audio Video Means (VC/OAVM)

Total Members Attended: 66

Proposed Resolutions and Implications

The EGM considered one special resolution:

  • Resolution 1: Issue of Equity Shares of the Company on Preferential Basis to the Proposed Allottees (Special Resolution)

The Chairman, Mr. Santosh Ladha, explained that the purpose of the EGM was to seek approval for a strategic investment in Infinia Lifestyle Private Limited. He emphasized that this investment would benefit the company in the long term, potentially impacting operations, creating long-term value, supporting sustained growth, and reinforcing the company's leadership position in India's textile sector.

Voting Process

Remote e-voting facility was provided to members from Friday, July 31, 2026 (9:00 A.M. IST) to Sunday, August 2, 2026 (5:00 P.M. IST).

Additional e-voting during the EGM was facilitated for shareholders who attended through VC/OAVM and had not cast their votes earlier through remote e-voting.

Scrutinizer Appointment: Mrs. Pooja Bachhawat, Practicing Company Secretary (ACS: 52835), was appointed as the Scrutinizer to report on the voting results.

Voting Outcomes

The detailed voting results, including total votes cast, percentage in favor/against, and participation breakdown by shareholder category, were not provided in this document. The company stated that these details will be submitted separately to the exchange in due course as required under Regulation 44(3) of the Listing Regulations.

Compliance and Regulations

The meeting was conducted in compliance with:

  • Applicable circulars issued by the Ministry of Corporate Affairs (MCA)
  • Securities and Exchange Board of India (SEBI) regulations
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Notice of EGM and Corrigendum to the Notice, along with the explanatory statement, were circulated electronically to members.

Meeting Proceedings

The meeting was chaired by Mr. Santosh Ladha, Managing Director. All directors were present, including Mr. Nikhil Saraf (Chairperson of Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee). Mrs. Sweta Agarwal, Company Secretary, facilitated the proceedings and explained the resolution details. Representatives of the Secretarial Auditor/Scrutinizer were also present through VC/OAVM.

Additional Information

The summary of proceedings has been uploaded on the company's website at https://www.irisclothings.in.