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:

Category-wise Voting Breakdown

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

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.

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.