Iris Clothings schedules EGM to approve Infinia stake acquisition
Published on: July 11, 2026, 2:55 a.m. | Source: scanx.trade
Iris Clothings Limited has called for an Extra-Ordinary General Meeting on August 3, 2026, to approve the preferential allotment of 77,08,183 equity shares to Mr. Harsh Vardhan Sarda and Mrs. Pooja Sarda. This issuance, valued at ₹32.12 crore, forms part of the non-cash consideration for acquiring a 51% stake in Infinia Lifestyle Private Limited for a total of ₹57.12 crore. The transaction, approved by the Board on July 8, 2026, aims to diversify Iris Clothings into the athleisure segment and is subject to shareholder and regulatory approvals.
