IRIS Business Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025.
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IRIS Business Services Limited held its 25th AGM on September 23, 2025, via video conferencing from 11:00 AM to 11:45 AM, with 49 shareholders in attendance (2 promoter, 47 public). Chairman Mr. Vinod Agarwala highlighted the year as one of strategic transition, noting the divestment of the TaxTech business for ₹151 crore, with the company now focusing on SupTech, RegTech, and the newly launched Datatech segment. The Chairman also acknowledged the passing of co-founder Shri Swaminathan Subramaniam and noted that 72% of revenues now come from international markets. Five resolutions were tabled, including adoption of FY25 audited financials, re-appointment of KKC & Associates LLP as statutory auditor for 5 years (FY26-FY30), and a special resolution approving remuneration for Whole Time Director Mr. P K X Thomas. Both statutory and secretarial auditors issued unqualified opinions on the FY25 financials.
This is a routine procedural filing confirming the AGM was held and key business items were approved, with no negative surprises. The strategic updates — particularly the ₹151 crore TaxTech divestment, 72% international revenue mix, and focus on high-growth SupTech/RegTech/Datatech — are positive signals on the company's direction. Investors should await the scrutinizer's vote results within 2 working days for the final outcome of the resolutions.