IRIS Business Services RegTech Solutions Limited has announced the launch of a pilot program to facilitate business loans for Micro, Small and Medium Enterprises (MSMEs) through its IRIS Peridot platform. The initiative represents a significant step in the company's efforts to strengthen financial access for small businesses across India.

Pilot Program Structure and Partnership Model

Under the new pilot program, eligible MSMEs can initiate loan applications directly through the IRIS Peridot platform. The company functions as a digital facilitator while lending partners handle the actual loan processing. This structure allows MSMEs to apply to multiple lenders and complete their loan journeys directly with respective financial institutions.

State Government Collaborations

The lending pilot forms part of IRIS's broader engagement with State Governments through signed Memoranda of Understanding (MoUs). These partnerships focus on supporting MSMEs with digital tools and data-driven services, with the lending initiative specifically designed to strengthen access to finance for small businesses.

K. Balachandran, CEO of IRIS, emphasized the strategic importance of this initiative: "Our work with State Governments has highlighted the need for simple, trusted and compliant digital pathways for MSMEs. The proposed pilot is a step towards understanding how data, when used responsibly, can help streamline credit access for small businesses while keeping all regulatory boundaries intact."

Enhanced IRIS Peridot Platform Features

The IRIS Peridot app has been enhanced to support the business loan pilot while maintaining its existing comprehensive suite of MSME services. The platform currently offers multiple functionalities designed to support small businesses in their daily operations.

Shilpa Dhabale, Business Head – IRIS MSME, outlined the pilot's objectives: "Through this pilot, we aim to observe how MSMEs engage with a digital loan journey and how lenders respond when assisted with verified data. The learning from this controlled rollout will help us refine our platform and better support MSMEs in their day-to-day financial needs."

Implementation Strategy and Future Plans

The pilot program will commence with a limited set of users and selected lending partners. This controlled approach is designed to evaluate system readiness, operational workflows, and user adoption patterns before considering broader implementation. The company plans to use insights from this initial phase to refine the platform and plan a wider rollout subsequently.

IRIS RegTech Solutions Limited operates as a Global RegTech company listed on both BSE (Scrip code: 540735) and NSE (Symbol: IRIS). The company's SupTech suite serves over 30 regulators worldwide, including business registries, central banks, and stock exchanges, while also providing financial, ESG, and regulatory reporting software to enterprises and financial institutions globally.

IRIS Business Services Limited (formerly known as IRIS Business Services Limited) has issued a postal ballot notice dated December 18, 2025, seeking shareholder approval for a key board appointment through remote e-voting process.

Postal Ballot Details

The company has dispatched the postal ballot notice to shareholders for approval of special business items through remote e-voting exclusively. The notice was sent electronically to shareholders whose email addresses are registered with the company, depositories, or the registrar and transfer agent as per Ministry of Corporate Affairs (MCA) circulars.

Director Appointment Proposal

The primary agenda item involves the appointment of Mr. Madhavan Hariharan (DIN 07217072) as an Independent Director of the company. The appointment requires approval through a special resolution and will be effective from November 14, 2025, for a term of five consecutive years until November 13, 2030.

Mr. Hariharan was initially appointed as an Additional Director designated as Independent Director by the Board of Directors on November 13, 2025, subject to shareholder approval. The company has received a notice under Section 160 of the Companies Act from a member proposing his candidature for the office of Independent Director.

Candidate Profile and Experience

Mr. Madhavan Hariharan brings significant expertise to the board with his qualifications as a Chartered Accountant (ACA), Company Secretary (ACS), and Certified Information System Auditor (CISA). He currently serves as Group CFO and Head of Strategy at CK Birla Group, where he has been associated for the past seven years.

In his current role at CK Birla Group, Mr. Hariharan is responsible for group strategy, finance, governance, and risk management. He actively supports leadership hiring and capability building, reporting directly to the group chairpersons. His previous tenure at Royal Philips spanned across India, China, and Netherlands in multiple global and regional responsibilities.

Voting Process and Compliance

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to shareholders. Only members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of December 12, 2025, are eligible to vote.

Mr. Rishit Shah (Membership No. FCS9522; COP26870), Proprietor of Rishit Shah & Co., Practicing Company Secretaries, Mumbai, has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Board Recommendation

The Nomination and Remuneration Committee recommended Mr. Hariharan's appointment after considering the skills, expertise, and competencies required for the board in the context of the company's business sector. The Board of Directors believes his association would be of immense benefit to the company and recommends the special resolution for shareholder approval.

The postal ballot notice and e-voting instructions are available on the company's website at www.irisregtech.com and on NSDL's website at www.evoting.nsdl.com . Shareholders can access detailed voting procedures and cast their votes electronically during the specified voting period.