Small-cap textile stock hits upper circuit on 1:1 bonus shares record date
Small-cap textile stock Iris Clothings was locked in 5% upper circuit after the company announced that it has fixed Friday, 4 July, 2025 as the record date for the purpose of determining the members, eligible for the issue of bonus equity shares of the company.
The company announced that it will issue bonus equity shares at a ratio of 1:1, meaning that for each fully paid equity share of a face value of ₹2, shareholders will receive 1 bonus equity share of the same face value, pending approval from the shareholders.
