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.

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).