IRIS RegTech Solutions Limited has successfully completed the incorporation of its wholly owned subsidiary, IRIS Data Solutions Private Limited, marking a significant milestone in the company's expansion strategy. The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on March 05, 2026.

Subsidiary Incorporation Details

The newly incorporated subsidiary operates under the complete ownership of IRIS RegTech Solutions Limited and has been established in India. The incorporation follows the company's earlier disclosure dated February 14, 2026, when the board approved the formation of the wholly owned subsidiary.

Corporate Compliance and Documentation

The company has fulfilled all regulatory requirements for the subsidiary incorporation process. IRIS RegTech Solutions submitted the intimation to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Certificate of Incorporation was digitally signed by Peeyush Dubey, Assistant Registrar of Companies, on behalf of the Central Registration Centre. The subsidiary has been assigned the registered address at T-2 Floor 3 International, Infotech Park Vashi, Sanpada, Thane, Maharashtra - 400703.

Additional Corporate Information

The Ministry of Corporate Affairs has also assigned essential tax identification numbers to the new subsidiary:

Strategic Implications

The establishment of IRIS Data Solutions Private Limited as a wholly owned subsidiary demonstrates IRIS RegTech Solutions' commitment to expanding its operational capabilities. The subsidiary structure allows the parent company to diversify its business operations while maintaining complete control over the new entity's strategic direction and operations.

Company Secretary and Compliance Officer Santoshkumar Sharma signed the regulatory disclosure, ensuring proper compliance with stock exchange notification requirements. The incorporation process reflects the company's systematic approach to corporate expansion and adherence to regulatory frameworks.

IRIS Business Services Limited announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, following a board meeting conducted on February 14, 2026. The company demonstrated strong operational performance across its business segments while implementing strategic organizational changes.

Financial Performance Overview

The company's consolidated financial results showed robust growth in its continuing operations. For Q3FY26, IRIS RegTech Solutions reported revenue from operations of ₹3,558.83 lakhs compared to ₹2,885.28 lakhs in Q3FY24, representing significant year-over-year growth.

Segment-wise Performance

The company's three primary business segments showed varied performance during the quarter. SupTech emerged as the largest revenue contributor, generating ₹2,109.74 lakhs in Q3FY26 compared to ₹1,579.82 lakhs in the previous year. RegTech segment contributed ₹1,305.65 lakhs, while the DataTech division recorded ₹44.33 lakhs in revenue.

Strategic Corporate Decisions

The board approved several significant strategic initiatives during the meeting. A key decision involved the incorporation of a wholly owned subsidiary named IRIS Data Solutions Private Limited to house and scale the company's DataTech business. The subsidiary will be incorporated with an initial paid-up share capital of ₹1,00,000, comprising 10,000 equity shares of ₹10.00 each at par value.

Leadership Changes and Appointments

The company implemented significant changes in its leadership structure. Mr. Bhaswar Mukherjee (DIN: 1654539), an Independent Director, was appointed as Chairman of the Board with effect from February 14, 2026. Mr. Mukherjee brings 34 years of experience from Hindustan Petroleum Corporation Limited, where he served as Director (Finance) and CFO.

Additionally, the board approved the appointment of Mr. Dixit Jasani as Chief Revenue Officer for the Enterprise Division, effective February 18, 2026. Mr. Jasani, designated as Senior Managerial Personnel, brings over 25 years of experience in enterprise technology and sales from organizations including HighRadius Technologies and Zycus Inc.

Operational Highlights

The company's employee benefits expense increased to ₹1,791.90 lakhs in Q3FY26 from ₹1,385.12 lakhs in Q3FY24, reflecting business expansion and workforce growth. Total expenses for the quarter reached ₹3,126.09 lakhs compared to ₹2,416.86 lakhs in the corresponding previous period.

The nine-month period results included exceptional gains of ₹13,598.67 lakhs from the strategic divestment of the Tax Technology GST Application Service Provider business and the sale of 100% equity interest in IRIS Logix Solutions Private Limited to Sovos Compliance Limited, UK. These divestments were part of strategic initiatives to simplify operations and focus on core business lines.

Governance and Compliance Updates

The board approved amendments to the Code of Conduct for Fair Disclosure of Unpublished Price Sensitive Information, aligning with recent amendments to SEBI regulations. The Audit Committee was also reconstituted with Mr. Madhavan Hariharan as Chairman, along with members Mr. Bhaswar Mukherjee, Mr. Ashok Venkatramani, and Mr. Balachandran Krishnan.

The company continues to maintain its focus on regulatory compliance and corporate governance standards while pursuing growth opportunities across its technology-driven business segments.