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 successfully concluded its postal ballot process for the appointment of Mr. Madhavan Hariharan as Independent Director, with shareholders overwhelmingly approving the proposal with 99.99% votes in favor.

Postal Ballot Results Overview

The company announced the voting results on January 19, 2026, following the conclusion of the remote e-voting period. The special resolution for Mr. Madhavan Hariharan's appointment received strong shareholder support across all categories.

Category-wise Voting Breakdown

The voting results demonstrated unanimous support from promoters and institutional investors, with minimal dissent from public non-institutional shareholders.

Postal Ballot Process Timeline

The postal ballot process was conducted in accordance with regulatory requirements, with Mr. Rishit Deepak Shah serving as the appointed Scrutinizer.

Director Appointment Details

Mr. Madhavan Hariharan (DIN 07217072) has been appointed as Independent Director for a term of five consecutive years from November 14, 2025, to November 13, 2030. The appointment was initially made by the Board of Directors on November 13, 2025, subject to shareholder approval through this postal ballot.

Professional Background

Mr. Hariharan brings extensive experience 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, a ₹3.00 billion group with global presence across India, Europe, and USA. His previous experience includes significant roles at Royal Philips Netherlands from 1998-2017 and other prominent organizations including Ashok Leyland, PepsiCo, TATA SIA, and telecom startups.

Regulatory Compliance

The postal ballot process was conducted through National Securities Depository Limited (NSDL) for remote e-voting facility. The company has filed the voting results with BSE Limited (Scrip Code: 540735) and National Stock Exchange of India Limited (Symbol: IRIS) in compliance with Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The results have also been uploaded on the company's website at www.irisregtech.com and disseminated through stock exchange platforms.