NSEUpdates4d ago · 25 Aug 2026, 05:02 pm
Updates
Iris Clothings Limited · IRISDOREME
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Iris Clothings Limited has received in-principle approval from the National Stock Exchange (NSE) for the issue of 77,08,183 equity shares on a preferential basis under Regulation 28(1) of SEBI (LODR) Regulations, 2015. The approval is subject to certain conditions, including the filing of a listing application, receipt of statutory approvals, and compliance with applicable guidelines and regulations.
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Market Sentiment4/10
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Full Announcement
Iris Clothings Limited has informed the Exchange regarding 'Receipt of In-principle approval for issue of Equity Shares on Preferential basis under Regulation 28(1) of SEBI (LODR) Regulations, 2015'.
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IRISDOREME_25082026170130_Iris_Update_Inprinciple_Approval.pdf
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Santosh Digitally signed by
Santosh Ladha
Ladha Date: 2026.08.25
16:50:54 +05'30'
Ref: NSE/LIST/56277 August 25, 2026
The Company Secretary
Iris Clothings Limited
Dear Madam,
Sub: In - Principle approval under Regulation 28(1) of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We are in receipt of your application regarding In-principle approval for issue of 77,08,183 Equity
shares of Rs. 2/- each issued on a Preferential basis in terms of Regulation 28(1) of the SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015. In this regard, the Exchange
is pleased to grant in-principle approval for the said issue subject to the Company fulfilling the
following conditions:
1. Filing the listing application at the earliest from the date of allotment.
2. Receipt of statutory and other approvals and compliance of guidelines/regulations issued by
the statutory authorities including SEBI, RBI, MCA, etc.
3. Compliance with all the applicable guidelines, regulations, directions of the Exchange or
any statutory authorities as on the date of listing application.
4. Compliance of all conditions as per the SEBI (LODR) Regulations, 2015 as on date of
listing, Companies Act, 1956 / Companies Act, 2013 and other applicable laws.
5. Submissions of documents as may be required by NSE and payment of applicable fees.
Further, the company is advised to strengthen internal controls (to monitor trades being
executed by the proposed allottees in the scrip of the company) before allotment of securities
in order to avoid any non-compliances in respect of trades being executed by the allottees in
contravention of provisions of Chapter V of SEBI (ICDR) Regulations. In this regard,
a) The Company is advised to obtain an undertaking from the allottee(s) confirming that
they shall not do intra-day trading in the scrip of the company or any sale in the scrip of
the company till the allotment date of the security as required under SEBI (ICDR)
Regulations.
b) The Company may note that the responsibility/onus is solely on the Issuer company to
verify the above (a) and ensure compliance with applicable provisions including
Regulation 167(6) of SEBI ICDR regulations, 2018.
c) The Company may also note that any non-compliances, if observed by the exchanges
post the undertaking and verification by the Issuer company may impact the listing of
such shares.
Kindly note, this Exchange letter should not be construed as approval under any other Act
/Regulation/rule/bye laws (except as referred above) for which the Company may be required to
obtain approval from other department(s) of the Exchange. The Company is requested to
separately take up matter with the concerned departments for approval, if any.
This Document is Digitally Signed
Signer: POOJA RISHIKESH PASHTE
Date: Tue, Aug 25, 2026 12:32:54 IST
Location: NSE
Ref: NSE/LIST/56277 August 25, 2026
The Exchange reserves its right to withdraw its in-principle approval at a later stage if the
information submitted to the Exchange is found to be incomplete/incorrect/misleading/false or in
contravention of any Rules, Bye-laws and Regulations of the Exchange, SEBI (LODR)
Regulations, 2015, Guidelines/ Regulations issued by statutory authorities, etc.
Yours faithfully,
For National Stock Exchange of India Limited
Pooja Pashte
Manager
National Securities Depository Limited
Central Depository Services Limited
P.S. Checklist of all the further issues is available on website of the exchange at the following
URL: https://www.nseindia.com/companies-listing/raising-capital-further-issuesmain-sme-
checklist
The National Stock Exchange of India (NSE) has announced the launch of NEAPS mobile
application. The app can be downloaded from the App Store/ Play store with the name “NEAPS
APP”
This Document is Digitally Signed
Signer: POOJA RISHIKESH PASHTE
Date: Tue, Aug 25, 2026 12:32:54 IST
Location: NSE