IRIS RegTech Solutions Limited has informed the Exchange about Bagging/Receiving of orders/contracts.
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IRIS RegTech's Brazil-based strategic partner, MZ Consult, has won a mandate from a leading Oil and Gas company in Brazil for Disclosure Management and ESG Reporting solutions using IRIS Carbon platform. The contract was awarded after a competitive RFP process. It is a multi-year licensing deal to be executed in FY27. The contract value has not been disclosed as it is confidential. There is no related party interest involved in the transaction.
This is a positive development as it expands IRIS Carbon's international footprint into Brazil's Oil and Gas sector, validating the platform's competitiveness in global ESG and disclosure mandates. However, the undisclosed contract size limits the ability to gauge the financial impact on revenue and profitability.