IRIS RegTech promoter declares no encumbrance on shares for FY26

1 min read     Updated on 27 May 2026, 11:31 PM
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Balachandran Krishnan, a promoter of IRIS RegTech Solutions Limited, declared no encumbrance on 10,05,300 equity shares, representing 4.89% of voting rights, for FY26. The disclosure complies with Regulation 31(4) of SEBI (SAST) Regulations, 2011, and was filed with BSE and NSE on April 07, 2026.

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Balachandran Krishnan, a promoter of iris regtech solutions , has declared that he has not created any encumbrance on his equity shares during the financial year ended 2025-26. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, confirms that no direct or indirect encumbrance was placed on the 10,05,300 shares held by him. This stake represents 4.89% of the total voting rights in the company.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on their shareholdings to ensure transparency for shareholders and regulatory bodies. The filing was addressed to the Corporate Relationship Department of BSE Limited and the Exchange Plaza of NSE India.

Shareholding Details

The following table outlines the shareholding details disclosed by the promoter:

Shareholder Shares Held Percentage of Voting Rights
Balachandran Krishnan 10,05,300 4.89%

The company’s Corporate Identity Number (CIN) is L72900MH2000PLC128943. The document was signed and submitted on April 07, 2026, from Vashi, Navi Mumbai. Copies of the disclosure were forwarded to Mr. Santoshkumar Sharma, the Company Secretary & Compliance Officer, and the members of the Audit Committee of IRIS RegTech Solutions Limited.

Historical Stock Returns for IRIS RegTech Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.80%+8.14%+7.38%-19.18%-4.25%+65.14%

How might the absence of encumbrance on promoter shares influence investor confidence in IRIS RegTech Solutions?

What are the potential implications for the company's governance if other promoters follow this disclosure trend?

Could this declaration signal a strategic move by the promoter to increase stake or avoid future regulatory scrutiny?

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IRIS RegTech targets ₹500 Cr revenue; FY26 PAT up 4%

2 min read     Updated on 26 May 2026, 05:32 AM
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IRIS RegTech Solutions reported a 23% YoY increase in FY26 revenue to ₹138.2 Cr, with a PAT of ₹1,416 lakhs and an EBITDA margin of 14%. The company's cash position strengthened to ₹155.4 Cr following the TaxTech divestment. Management aims to achieve ₹500 Cr revenue over the next 4-5 years, targeting 35% ARR growth in its SaaS business, while the SupTech segment added three new clients including a Qatar tax regulator.

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IRIS RegTech Solutions Limited has announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported a 23% year-on-year (YoY) increase in total revenue to ₹138.2 Cr, while profit after tax (PAT) stood at ₹1,416 lakhs. The Board of Directors approved the results at a meeting held on May 15, 2026, and subsequently filed the transcript of the earnings call held on May 18, 2026.

Financial Performance

Consolidated revenue from operations for FY26 grew to ₹12,850 lakhs from ₹10,968 lakhs in the previous year. EBITDA for the year was ₹1,981 lakhs, representing a margin of 14%. For the fourth quarter, net profit rose to ₹41M from ₹29M YoY, while revenue increased to ₹391M from ₹297M YoY. Recurring revenue accounted for 54% of total revenue, reaching ₹69.4 Cr. The company’s cash position strengthened significantly to ₹155.4 Cr, bolstered by the divestment of the TaxTech business.

Particulars (₹ lakhs): Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25
Total Revenue: 4,160 3,887 3,056 13,821 11,219
Revenue from Operations: 3,915 3,559 2,974 12,850 10,968
Total Expenses: 3,379 3,099 2,424 11,839 8,971
EBITDA: 781 788 632 1,981 2,148
EBITDA Margin (%): 19% 20% 21% 14% 19%
PAT: 664 531 338 1,416 1,365

Strategic Outlook and Growth Targets

During the earnings call, management outlined an aspiration to achieve ₹500 Cr in revenue over the next 4 to 5 years. This target implies a growth rate of slightly over 30%, driven primarily by the SaaS business targeting an Annual Recurring Revenue (ARR) growth of approximately 35%. The IRIS CARBON ARR grew 33% YoY, supported by wins in the disclosure management space and the new ESG reporting module. The SupTech business, which added 3 new logos including a tax regulator in Qatar, is expected to grow at a lower rate but offers potential for lumpy revenues.

Operational Updates

The Board approved the incorporation of a wholly owned subsidiary in the UAE to expand its footprint in the Middle East. Additionally, the company re-appointed Mr. Balachandran Krishnan and Ms. Deepta Rangarajan as Whole Time Directors for a term of five years effective May 1, 2027. Management highlighted that the net worth has increased to ₹200 Cr from ₹76 Cr as of March 31, 2025, with the book value rising to ₹98. The company remains focused on organic growth and is open to inorganic opportunities in adjacencies, while actively embedding AI technologies into its product stack.

Historical Stock Returns for IRIS RegTech Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.80%+8.14%+7.38%-19.18%-4.25%+65.14%

How will the company allocate its strong cash position of ₹155.4 Cr to support the targeted 30% revenue growth?

What specific inorganic opportunities is IRIS exploring to complement its organic growth strategy?

How will the new UAE subsidiary contribute to the company's expansion in the Middle East and overall revenue?

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1 Year Returns:-4.25%