NewsIRIS RegTech Solutions Shareholders Approve Independent Director Appointment with 99.99% MajorityIRIS RegTech Solutions Shareholders Approve Independent Director Appointment with 99.99% Majority
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.
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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
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.84% | +5.58% | -5.83% | -27.57% | -41.61% | +49.43% |
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