IRIS RegTech Solutions Limited has informed the Exchange regarding Change in Auditors of the company.
IRIS · price
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IRIS RegTech Solutions Limited reported audited consolidated results for FY2026 ending March 31. Revenue from continuing operations grew 17% to Rs 12,849.85 lakhs from Rs 10,967.60 lakhs. PAT from continuing operations increased modestly by 3.7% to Rs 1,416.29 lakhs. The company divested its GST ASP business and IRIS Logix Solutions to Sovos Compliance Limited, generating an exceptional gain of Rs 13,598.67 lakhs, which boosted total net profit to Rs 12,653.76 lakhs (vs Rs 1,325.18 lakhs in FY2025). The Board also approved setting up a new wholly owned subsidiary in UAE and closing Atanou S.R.L. Auditors issued an unmodified opinion but included an Emphasis of Matter on the divestment transactions.
The one-time exceptional gain from the GST ASP business sale inflated net profit significantly; excluding this, underlying PAT growth was modest. Shareholders should focus on continuing operations performance while noting the strategic restructuring through the new UAE subsidiary and subsidiary closure.