IRIS RegTech Solutions Shareholders Approve Independent Director Appointment with 99.99% Majority

2 min read | Published on 19 Jan 2026, 07:16 PM |Updated on 19 Jan 2026, 07:16 PM

Reviewed by

Suketu GScanX News Team

Key Highlights

IRIS RegTech Solutions Limited successfully completed its postal ballot process on January 19, 2026, with shareholders approving Mr. Madhavan Hariharan's appointment as Independent Director by an overwhelming 99.99% majority. The e-voting process saw 80,16,356 shares participate, representing 38.97% of outstanding shares, with only 25 shares voting against the proposal. The company has complied with all regulatory requirements and filed results with stock exchanges.

*this image is generated using AI for illustrative purposes only.

IRIS Business Services (formerly known as IRIS Business Services Limited) has successfully concluded its postal ballot process with shareholders decisively approving the appointment of Mr. Madhavan Hariharan as an Independent Director. The company announced the results on January 19, 2026, following the completion of the e-voting period that concluded on January 17, 2026.

Overwhelming Shareholder Support

The special resolution for Mr. Madhavan Hariharan's appointment (DIN: 07217072) received exceptional support from shareholders across all categories. The voting results demonstrate strong confidence in the proposed appointment:

Voting Results:	Details
Total Shares Voted:	80,16,356
Votes in Favor:	80,16,331 (99.99%)
Votes Against:	25 (0.01%)
Polling Percentage:	38.97%
Total Outstanding Shares:	2,05,68,247

Category-wise Voting Breakdown

The voting pattern across different shareholder categories revealed unanimous support from promoters and institutional investors:

Category:	Shares Held	Votes Polled	Polling %	Votes in Favor	Approval %
Promoter Group:	71,23,520	69,23,520	97.19%	69,23,520	100.00%
Public Institutions:	26,50,597	3,26,246	12.31%	3,26,246	100.00%
Public Non-Institutions:	1,07,94,130	7,66,590	7.10%	7,66,565	99.99%

Postal Ballot Process Details

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and SEBI regulations. Key process highlights include:

Notice Date: December 18, 2025
Cut-off Date: December 12, 2025
E-voting Period: December 19, 2025 (9:00 AM) to January 17, 2026 (5:00 PM)
Service Provider: National Securities Depository Limited (NSDL)
Scrutinizer: Mr. Rishit Deepak Shah, Practicing Company Secretary

Scrutinizer's Certification

Mr. Rishit Deepak Shah of Rishit Shah & Co., appointed as the scrutinizer for the postal ballot process, submitted his report confirming the validity of the voting process. The scrutinizer verified that 62 e-voting confirmations were received representing 80,16,356 shares, with no invalid votes recorded.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results have been filed with both BSE (Scrip Code: 540735) and NSE (Symbol: IRIS) and uploaded on the company's website at www.irisregtech.com . Additionally, the results have been submitted in XBRL format as per BSE circular requirements.

Company Leadership

The postal ballot process was overseen by Company Secretary & Compliance Officer Santoshkumar Sharma, who declared the results following the scrutinizer's report. The appointment of Mr. Madhavan Hariharan as Independent Director strengthens the company's board composition and governance framework.

Historical Stock Returns for IRIS RegTech Solutions