Iris Regtech Solutions Limited held its 26th Annual General Meeting (AGM) on August 14, 2026, through Video Conferencing / Other Audio-Visual Means (VC/OAVM). The meeting commenced at 11:00 am and concluded at 11:45 am, with proceedings conducted in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

Mr. Bhaswar Mukherjee, Non-Executive Independent Director and Chairman of the Board, chaired the meeting. All six directors of the company were present, including Mr. Ashok Venkatramani, Mr. Madhavan Hariharan, Mr. Balachandran Krishnan, Ms. Deepa Rangarajan, and Mr. Puthenpurackal Kuncheria Xavier Thomas. Senior management, including Chief Financial Officer Mr. Vineet Kandoi and Company Secretary Santoshkumar Sharma, also attended.

Shareholder Participation

A total of 63 shareholders participated in the AGM. The promoter and promoter group had two representatives present, while 61 public shareholders attended the virtual meeting. The requisite quorum was confirmed by the Company Secretary, allowing the business to proceed.

Resolutions Approved

Shareholders approved four resolutions during the AGM. The first ordinary resolution concerned the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. The Statutory Auditors, KKC & Associates LLP, and Secretarial Auditors, Priti J. Sheth & Associates, had issued unmodified audit reports for the period.

The second ordinary resolution approved the reappointment of Mr. Balachandran Krishnan (DIN: 00080055), who retires by rotation and offered himself for re-election. Two special resolutions were also passed:

• Reappointment of Mr. Balachandran Krishnan as Whole Time Director for a further period of five years, along with approval of a revision in remuneration.
• Reappointment of Ms. Deepa Rangarajan (DIN: 00404072) as Whole Time Director for a further period of five years, with approval of a revision in remuneration.

Strategic Updates

During his address, Chairman Bhaswar Mukherjee highlighted the company’s strategic shift towards RegTech, SupTech, and DataTech businesses. He noted the change of the company’s name from IRIS Business Services Limited to IRIS RegTech Solutions Limited and the relocation of the registered office to Plutonium Business Park, Navi Mumbai. The Chairman also referenced the strategic divestment of the TaxTech business and ongoing efforts to strengthen disclosure management solutions and AI-enabled applications.

Mr. Balachandran Krishnan, Whole Time Director and Chief Executive Officer, addressed members regarding the company’s performance and future outlook. The Chairman acknowledged the contributions of outgoing Independent Directors Mr. Vinod Agarwala and Dr. Haseeb Ahmad Drabu, who completed their tenures during the year.

Voting Process

Remote e-voting was facilitated through National Securities Depository Limited (NSDL). The cut-off date for voting entitlement was August 8, 2026. Remote e-voting commenced on August 11, 2026, at 9:00 am and concluded on August 13, 2026, at 5:00 pm. Ms. Priti Sheth of Priti J. Sheth & Associates served as the Scrutinizer for the voting process. Members attending the AGM who had not voted remotely were given an additional 15 minutes to cast their votes electronically during the meeting.

Iris Regtech Solutions Limited reported a 30% year-on-year increase in consolidated revenue from operations to ₹3,275.36 lakh for the quarter ended June 30, 2026, but posted a consolidated net loss of ₹97.12 lakh, reversing the net profit of ₹22.43 lakh recorded in the same quarter last year. The Board of Directors approved these unaudited standalone and consolidated financial results on August 7, 2026. The shift to a loss position despite robust top-line growth signals margin pressure from rising operational costs, particularly in employee benefits, which investors will monitor closely for sustainability.

The financial statements were subjected to a limited review by statutory auditors KKC & Associates LLP (formerly Khimji Kunverji & Co LLP) in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor’s report notes that the figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and reviewed year-to-date figures up to the third quarter. Additionally, the consolidated results include financial information from two subsidiaries that were not reviewed by their auditors; however, management confirmed this information is not material to the Group. The newspaper advertisement regarding the results was published on August 8, 2026, as required by Regulation 47 of the Listing Regulations.

Consolidated Financial Performance

Consolidated revenue from operations rose significantly to ₹3,275.36 lakh in Q1FY27, up from ₹2,519.22 lakh in Q1FY26. Total income increased to ₹3,523.99 lakh from ₹2,638.69 lakh in the prior year period. However, total expenses climbed to ₹3,619.35 lakh, exceeding total income and resulting in a pre-tax loss of ₹95.36 lakh for continuing operations. After accounting for a tax expense of ₹1.76 lakh, the net loss for the period stood at ₹97.12 lakh.

Standalone revenue from operations grew 29.5% to ₹3,085.79 lakh from ₹2,381.73 lakh in the previous year. Standalone net loss was narrower at ₹42.76 lakh, compared to a net profit of ₹3.27 lakh in Q1FY26. Basic earnings per share for continuing and discontinued operations were negative ₹0.47 (consolidated) and negative ₹0.21 (standalone).

Segment-wise Analysis

The SupTech segment remained the primary revenue driver, contributing ₹1,949.92 lakh (consolidated), a 20.3% increase from ₹1,621.04 lakh in Q1FY26. The RegTech segment saw robust growth, with revenue jumping 51.3% to ₹1,153.47 lakh from ₹762.41 lakh. However, the RegTech segment reported a segment result of negative ₹138.74 lakh, widening from a loss of negative ₹128.56 lakh in the prior year. DataTech revenue remained relatively flat at ₹49.85 lakh.

What the Numbers Show

A key divergence in the results is the disparity between revenue growth and cost inflation. While consolidated revenue grew by 30%, employee benefits expenses surged by 42.4% to ₹2,051.96 lakh. This disproportionate rise in personnel costs, which constitute the largest expense head, eroded operating margins and directly contributed to the transition from profit to loss. Other income also doubled to ₹248.63 lakh, providing some offset but insufficient to counterbalance the operational cost pressures. The company also appointed Shailesh Gupta as Senior Management Personnel effective August 20, 2026, leveraging his experience in RegTech and SupTech domains to potentially drive future efficiency and product development.