IRIS RegTech Solutions Limited has informed the Exchange regarding Appointment of Mr. K. Balachandran & Ms. Deepta Rangarajan as Whole Time Directors of the company w.e.f. May 01, 2027.
IRIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board meeting on May 15, 2026 approved the audited consolidated financial results for FY2026 showing revenue from operations of Rs. 12,849.85 lakhs (up from Rs. 10,967.60 lakhs). Profit from continuing operations was Rs. 1,416.29 lakhs. An exceptional gain of Rs. 13,598.67 lakhs was recognized from the strategic divestment of the GST ASP business and IRIS Logix Solutions Private Limited to Sovos Compliance Limited. Total net profit including discontinued operations stood at Rs. 12,653.76 lakhs. The Board also approved re-appointment of Mr. Balachandran Krishnan and Ms. Deepta Rangarajan as Whole Time Directors for 5 years from May 01, 2027, and approved setting up a Wholly Owned Subsidiary in UAE while closing the Atanou S.R.L. foreign subsidiary. The registered office and books of account will shift from Vashi to Turbhe in Navi Mumbai.
The divestment of non-core GST tax technology business has significantly boosted profits, while the proposed UAE subsidiary indicates expansion strategy. The director re-appointments ensure continuity in leadership. The stock may see positive reaction given the exceptional gains and expansion plans.