Iris Clothings Limited announced significant changes during a Board Meeting held on November 6, 2025. The company has appointed Sanjay Jain as an independent director, effective immediately, pending shareholder approval. Jain, who has over 35 years of experience in the transportation industry, is the Managing Director and CEO of Inter State Oil Carrier Limited. His appointment aims to fill the vacancy left by the resignation of Vranda Manish Rathi. Alongside Jain's appointment, the Board restructured several committees, including the Audit Committee and the Nomination & Remuneration Committee, enhancing the company's governance framework.

In addition to Jain's appointment, the Board also re-appointed Santosh Ladha as Managing Director and Geeta Ladha as Whole-time Director, both for a term of three years starting July 30, 2026, pending shareholder consent. Santosh Ladha, a co-founder of Iris Clothings, brings 28 years of experience in the textile industry, while Geeta Ladha has been integral to the company since its inception, offering innovative ideas for product development. Their reappointments reflect the company's commitment to stable leadership as it navigates the competitive apparel market.

The Board also approved the convening of an Extra-Ordinary General Meeting (EGM) on December 10, 2025, which will be conducted via Video Conferencing. This meeting aims to seek shareholder approval for the recent appointments and reappointments. The company is dedicated to transparency, as evidenced by the submission of its unaudited financial results for the quarter and half-year ending September 30, 2025, along with a limited review report. Iris Clothings Limited continues to strengthen its governance and operational strategies as it prepares for future growth.