IRIS Business Services Limited has informed the Exchange regarding Resignation of Mr Serveshresht Sawhney as Senior Management Personnel of the company w.e.f. End of Day September 29, 2025.

Management Changes View source PDF Explain this filing

IRIS · price

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Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹314.50

prior close

₹312.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-2.0% vs market

Software Products peers, median of 34sector+0.3%-2.7% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.7 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.6

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.4-2.0+0.3-2.7

Next day

+2.7+1.0+1.7+2.4+0.3

+3.6+2.3+1.2+2.6+1.0

+3.0+2.0+1.0+0.4+2.6

+3.3+1.8+1.5+0.7+2.6

+3.3+1.5+1.8+0.6+2.7

-0.0+2.4-2.4+2.2-2.2

15d

+1.0+3.3-2.4+5.9-5.0

-0.4+3.9-4.3+3.9-4.3

-0.8+0.4-1.2-4.8+4.0

-6.2-3.2-3.0-9.1+2.9

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Serveshresht Sawhney, Senior Vice President of Sales and Growth Head, has resigned from IRIS Business Services Limited with effect from close of business on September 29, 2025. He cited personal reasons for his departure, as communicated via his resignation email dated September 25, 2025. The company has disclosed this under SEBI LODR Regulation 30, and the resignation letter is enclosed as Annexure B. No new appointment or replacement has been announced in this filing.

Likely market impact

For retail investors, this is a routine disclosure about a senior management-level exit in the sales function. It is not a CEO, CFO, or board-level change, so the immediate impact on stock price is likely limited. Investors may want to watch for any subsequent announcements regarding a replacement or any unusual volume movements.