IRIS Business Services Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 26, 2025
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IRIS Business Services Limited held its Extraordinary General Meeting (EGM) on July 26, 2025, via video conferencing from 11:00 a.m. to 11:25 a.m. IST. A total of 56 shareholders attended (2 from promoter group and 54 from public). The key business transacted was approval of a related party transaction for transferring the Company's GST ASP Services Business to IRIS Logix Solutions Private Limited, which was put to vote as an Ordinary Resolution. Remote e-voting was open from July 23 to July 25, 2025, with the cut-off date being July 19, 2025. The meeting was chaired by Independent Director Mr. Vinod Agarwala, with CEO Mr. Balachandran Krishnan addressing members. Voting results are to be declared within 2 working days by the Scrutinizer, Mr. Rishit Shah.
The EGM's main agenda item is a related party transaction involving transfer of the GST ASP Services Business to IRIS Logix Solutions Private Limited, which shareholders should evaluate carefully as it restructures a portion of the company's operations. The actual voting outcome is still pending and will be disclosed separately, so share price impact depends on the final result.