Innovana Thinklabs announced that the Board of Directors have approved the issuance of Bonus shares and also increase of authorised share capital to Rs.11 crore.

Company : Iris Clothings Limited

As per reports released by Innovana Thinklabs, the Board of the company will issue bonus shares in the ration of 3:2, that is, 3 bonus shares for every 2 company equity shares held by the members.

The Board at also considered the decision of increasing the authorized share capital of the company from Rs.5 crores divided into 50,00,000 equity shares of value Rs.10/- each to Rs.11 crores by creation of additional 60,00,000 equity shares of value Rs.10/- each.

The company"s proposal of migration from SME platform of NSE Emerge to the main board of NSE has also received a nod from the Board of Directors at Innovana Thinklabs Limited.

Innovana Thinklabs Limited is engaged in software and application development business which directly provides services to create new applications and enhance the functionality of users" existing software products. The operations of the company are controlled from the registered office situated in Jaipur, Rajasthan.

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