IRIS RegTech Solutions Secures Contract Extension for South African Reserve Bank Project

1 min read     Updated on 11 Dec 2025, 05:00 PM
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Reviewed by
Ashish TScanX News Team
Overview

IRIS RegTech Solutions Limited has secured a contract extension with Xpert Decisions Systems (Pty) Ltd for continued implementation and support of the CODI deposit insurance solution for the South African Reserve Bank. The company disclosed this development under SEBI regulations on December 11, 2025, noting that the engagement is in the ordinary course of business with no material financial impact. The contract involves technology implementation and support services for deposit insurance solutions in the international market.

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IRIS RegTech Solutions Limited has announced the extension of its existing contract with Xpert Decisions Systems (Pty) Ltd for continued software solution implementation services for the South African Reserve Bank. The company made this disclosure under Regulation 30 of SEBI regulations on December 11, 2025.

Contract Extension Details

The extended arrangement focuses on the continued implementation and support of the CODI deposit insurance solution. This engagement represents a continuation of the company's existing relationship with its South African partner, Xpert Decisions Systems (Pty) Ltd.

Parameter Details
Contracting Entity Xpert Decisions Systems (Pty) Ltd
Nature of Services Technology implementation and support services for deposit insurance
Solution Type CODI deposit insurance solution
Entity Type International
Execution Timeline As per agreed project timelines in Statements of Work

Business Impact and Terms

The company has indicated that this engagement falls within the ordinary course of business operations and does not have any material impact on the company's financials. The contract value remains confidential and will be subject to negotiation with the partner.

Key aspects of the arrangement include:

  • Continued implementation services for the deposit insurance solution
  • Ongoing support services in conjunction with the South African partner
  • Technology implementation for banking sector requirements
  • Project execution as per agreed timelines detailed in confidential Statements of Work

Regulatory Compliance

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that there are no related party transactions involved in this contract extension, and no promoter or group companies have any interest in the contracting entity.

Company Background

IRIS RegTech Solutions Limited, formerly known as IRIS Business Services Limited, operates from Tower 2, 3rd floor, International Infotech Park, Vashi, Navi Mumbai. The company specializes in regulatory technology solutions and maintains its primary listing on both BSE (Scrip Code: 540735) and NSE (Symbol: IRIS).

Historical Stock Returns for IRIS Business Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.23%-1.92%-17.81%+19.71%-35.01%+93.24%
IRIS Business Services
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IRIS Business Services Limited Officially Changes Name to IRIS RegTech Solutions Limited

1 min read     Updated on 24 Nov 2025, 03:02 PM
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Reviewed by
Shriram SScanX News Team
Overview

IRIS Business Services Limited has officially changed its name to IRIS RegTech Solutions Limited, effective November 28, 2025. The rebranding, approved by shareholders and the Ministry of Corporate Affairs, reflects the company's focus on regulatory technology solutions. The company has informed the BSE and NSE about the change and will submit necessary documents to complete the transition. The decision was strongly supported by shareholders, with 99.99% of votes in favor during a postal ballot process.

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*this image is generated using AI for illustrative purposes only.

IRIS Business Services Limited , a prominent player in the regulatory technology sector, has officially changed its name to IRIS RegTech Solutions Limited, effective November 28, 2025. This rebranding follows shareholder approval and receipt of a fresh certificate of incorporation from the Ministry of Corporate Affairs.

Official Name Change

The company has informed the stock exchanges BSE and NSE about the name change and will submit requisite documents to complete the transition process. This marks the final step in a strategic shift that began with shareholder approval earlier.

Previous Shareholder Approval

The decision for the name change was reached through a postal ballot voting process, demonstrating strong shareholder support:

Voting Metric Result
Total Shares Voted 9,045,571
Percentage of Outstanding Shares Voted 43.99%
Votes in Favor 99.99%
Resolution Type Special Resolution

Implications of the Name Change

The transition from IRIS Business Services to IRIS RegTech Solutions represents:

  • Strategic Focus: An indication of the company's commitment to specializing in regulatory technology solutions.
  • Market Positioning: An effort to align the company's brand more closely with its core offerings in the RegTech sector.
  • Future Direction: A signal to investors and clients about the company's focus on regulatory compliance technologies.

Completed Steps

With the official name change now in effect, the company has likely completed or is in the process of:

  • Amending its Memorandum of Association and Articles of Association to reflect the new name.
  • Updating corporate and legal documentation.
  • Implementing a rebranding strategy across its product lines and marketing materials.

Market Implications

The name change could have several implications:

  • Enhanced brand recognition in the RegTech space.
  • Potential for attracting new clients and partners focused on regulatory technology.
  • Possible realignment of investor perceptions.

Investors and market analysts may observe how this rebranding translates into business performance and market positioning in the RegTech industry.

Historical Stock Returns for IRIS Business Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.23%-1.92%-17.81%+19.71%-35.01%+93.24%
IRIS Business Services
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