Iris Clothing Limited reported a significant year-on-year improvement in its financial performance for the quarter ended 30th June, 2026 (Q1FY27), with net profit rising sharply and revenue recording healthy growth. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 27th July, 2026, and have been audited by the Statutory Auditors in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q1FY27 Financial Performance

Iris Clothing Limited posted a net profit of ₹401.24 lakh for Q1FY27, a notable increase from ₹263.01 lakh recorded in Q1FY26, reflecting strong year-on-year growth. Revenue for the quarter came in at ₹4,728.31 lakh, up from ₹3,742.59 lakh in the corresponding quarter of the previous year. Total expenses for the quarter stood at ₹4,190.02 lakh, compared to ₹3,379.32 lakh in Q1FY26. Tax expense for the quarter was ₹137.05 lakh against ₹100.26 lakh in the year-ago period. Other comprehensive income of ₹4.25 lakh was recorded during the quarter, taking total comprehensive income to ₹405.49 lakh.

The following table presents the key financial metrics for Q1FY27 in comparison with Q1FY26 and the most recent audited quarter (Q4FY26):

Earnings Per Share

Earnings per share (face value of ₹2/- each) for Q1FY27 stood at ₹0.21 on both a basic and diluted basis, compared to ₹0.14 in Q1FY26 and ₹0.34 in Q4FY26. The paid-up equity share capital of the company as of 30th June, 2026 was ₹3,806.63 lakh, unchanged from the audited figure as of 31st March, 2026.

Proposed Acquisition of Infinita Lifestyle Private Limited

In a significant corporate development, the Board of Directors approved a proposal to acquire a 51% stake in Infinita Lifestyle Private Limited at its meeting held on 8th July, 2026. The proposed acquisition is subject to obtaining shareholder approval and such other regulatory approvals as may be required under applicable laws. The company has no subsidiaries, associates, or joint ventures as on 30th June, 2026, and therefore is not required to prepare consolidated financial statements.

Business Overview and Reporting Standards

Iris Clothing Limited operates in a single business segment, predominantly engaged in the manufacturing and trading of garments, as envisaged under Ind AS 108 – Segment Reporting. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs under the Companies (Indian Accounting Standard) Rules, 2015. Figures for the quarter ended 31st March, 2026 represent balancing figures between the audited full-year figures and the published year-to-date figures up to the third quarter of the relevant financial year. Previous period figures have been regrouped wherever necessary.

NBI Industrial Finance Company has scheduled its 91st Annual General Meeting (AGM) for Friday, August 21, 2026, to seek shareholder approval for a dividend of ₹0.75 per equity share and the re-appointment of two retiring directors. The Board of Directors recommended the 15% dividend on shares with a face value of ₹5 each during its meeting on May 13, 2026. Shareholders holding units as of the record date on Friday, August 14, 2026, will be eligible to receive the payout, subject to deduction of tax at source (TDS) and final ratification at the meeting.

The AGM agenda includes ordinary business items such as the adoption of the Annual Audited Financial Statements for the financial year ended March 31, 2026, and the fixation of remuneration for Statutory Auditors M/s. R Kothari & Co LLP, Chartered Accountants, for the year ending March 31, 2027. The company notified the National Stock Exchange of India Ltd on July 25, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with disclosure norms.

Key Governance Resolutions

Shareholders will vote on special resolutions to re-appoint two directors who are retiring by rotation. Both appointees have attained the age of seventy-five years and require shareholder consent under Regulation 17(1A) of the SEBI Listing Regulations.

Additionally, the meeting will consider the re-appointment of Sundrapandiyapuram Pichumani Kumar as Manager and Chief Financial Officer (CFO) for a period of two years commencing from September 27, 2026. This resolution is classified as a Special Resolution because the appointee will attain the age of 70 years during his tenure. His basic salary is set at ₹1,32,890 per month, along with other allowances including house rent and medical benefits.

Dividend and Voting Details

The dividend payment, if approved, will be disbursed on or after Monday, August 24, 2026. The company has fixed Friday, August 14, 2026, as the cut-off date for determining voting rights and dividend entitlements. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL), with the voting period running from 10:00 A.M. on Tuesday, August 18, 2026, to 5:00 P.M. on Thursday, August 20, 2026.

Mr. Rohit Kumarr Mundhra, a Practicing Chartered Accountant from M/s. ASRM & Co., has been appointed as the Scrutinizer to oversee the e-voting process. The results will be declared immediately after the conclusion of the AGM. Shareholders holding physical shares are advised to ensure their folios are KYC compliant, including updated PAN and bank details, to receive dividends electronically as mandated by SEBI circulars effective April 1, 2024.