IRIS Regtech Solutions has incorporated a wholly owned subsidiary in the United Arab Emirates to expand its regional footprint. The Department of Economic Development, Government of Dubai, approved the incorporation of IRIS Gulf Regulatory Technology L.L.C on August 20, 2026.

The move follows the company's Board approval in May 2026 to establish a presence in the Middle East. The new entity aims to capture opportunities in regulatory technology and supervisory technology sectors while building client relationships across GCC markets.

Subsidiary Details

The subsidiary is registered as a limited liability company with an authorized share capital of AED 2,00,000. The parent company plans to subscribe to the initial paid-up share capital of AED 2,00,000 at face value of AED 10 per share.

Strategic Objectives

The company stated that the incorporation enables participation in SupTech and RegTech opportunities in the region. It seeks to create a scalable platform for future expansion in GCC markets. The transaction is classified as a related party transaction since the entity is a wholly owned subsidiary, though the subscription is at arm's length.

What the Numbers Show

The initial capital outlay of AED 2,00,000 represents a minimal financial commitment for a strategic market entry. This structure allows the company to test regional demand for its financial reporting and supervisory technology solutions without significant upfront equity exposure.

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.