IRIS Business Services Limited has informed the Exchange regarding Notice of the 25th Annual General Meeting to be held on September 23, 2025 and has submitted the Annual Report for the Financial Year ended March 31, 2025.
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IRIS Business Services Limited has notified BSE and NSE that its 25th Annual General Meeting will be held on September 23, 2025 at 11:00 a.m. via video conferencing. The Register of Members and Share Transfer Books will remain closed from September 17 to September 23, 2025 for AGM purposes. Remote e-voting will be available from September 20 to September 22, 2025, with September 17, 2025 as the cut-off date. The company has submitted its Annual Report for FY25, which shows record performance: revenue from operations grew 25% to ₹128.51 crore, EBITDA rose 36% to ₹21.54 crore, and profit after tax jumped 51% to ₹13.25 crore. Annual recurring revenue stood at ₹70.73 crore (55% of total revenue). The company also completed the divestment of its TaxTech (GST ASP) business to Sovos UK for ₹151.24 crore in July 2025 and raised ₹20 crore through a preferential issue. Co-founder Mr. Swaminathan Subramaniam passed away in 2025, and the company paid tribute to him in the annual report.
This is primarily a procedural filing (AGM notice + annual report submission) but carries positive substance: FY25 results reflect the company's highest-ever revenue and profits with strong growth across all segments. The TaxTech divestment for ₹151.24 crore provides significant non-dilutive capital to sharpen focus on the higher-growth SupTech and RegTech businesses, where management has set a medium-term target of ₹500 crore in revenue. Shareholders should watch for the AGM outcomes and the company's execution on its FY26 growth strategy.