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.

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.

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).