1:1 Bonus Share Announced: Multibagger Penny Stock Under Rs 70 in Focus as Company Announces Positive Results & Free Shares
The stock is up by 44 per cent from its 52-week low of Rs 41.46 per share and has given multibagger returns of 850 per cent in 5 years.
IRIS Clothings Limited (NSE: IRISDOREME), a readymade garment company specialising in kids' wear, announced its financial results for the quarter and year ended March 31, 2025. In Q4FY25, the company experienced a 4 per cent decrease in net sales to Rs 40.33 crore while net profit saw a significant 29 per cent increase to Rs 4.48 crore compared to the same period last year. For the full fiscal year 2025, IRIS Clothings reported a robust 20 per cent increase in net sales, reaching Rs 146.58 crore and an 8 per cent rise in net profit to Rs 13.12 crore. Looking ahead to FY26, the company plans to significantly boost its production capacity to 38,000 pieces per day.
In a strategic move to reward shareholders and fuel future growth, the company's board approved a 1:1 bonus equity share issue, meaning one fully paid-up bonus share of Rs. 2 will be issued for every existing fully paid-up equity share held. This issuance, totalling 95,165,735 equity shares of Rs. 2 each, will be funded from free reserves created out of profits or the share premium account, and is subject to shareholder approval via postal ballot. This will increase the company's issued, subscribed, and fully paid-up share capital from Rs. 19,03,31,470 to Rs. 38,06,62,940. Furthermore, IRIS Clothings recently secured Rs 47.5 crore through a rights issue, with these funds earmarked for strategic growth initiatives.
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Iris Clothings Limited is a fast-growing readymade garment company that is primarily engaged in designing, manufacturing, branding and selling garments for kids wear under its brand name DOREME in India. The Company delivers a broad range of affordable and good quality apparels for infants, toddlers, and children in their pre-teens, serving both their indoor and outdoor requirements. It has been in operations for over 17 years and continues to add new product lines by employing the best-in-class technology across its value chain.
On Thursday, shares of Iris Clothings Ltd gained 0.12 per cent to Rs 59.56 per share with an intraday high of Rs 62.51 per share and an intraday low of Rs 57.12 per share. The stock is up by 44 per cent from its 52-week low of Rs 41.46 per share and has given multibagger returns of 850 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.