We hereby submit outcome of Board Meeting held on 15 May 2026.
IRIS · price
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IRIS RegTech Solutions Ltd held its Board Meeting on May 15, 2026, approving several key matters. The company reported strong FY2026 results with revenue from continuing operations growing 17.15% to ₹12,849.85 lakhs from ₹10,967.60 lakhs. Profit from continuing operations increased 3.72% to ₹1,416.29 lakhs. Total net profit surged to ₹12,653.76 lakhs (vs ₹1,325.18 lakhs) due to an exceptional gain of ₹13,598.67 lakhs from divestment of the GST ASP business and IRIS Logix Solutions Private Limited to Sovos Compliance Limited. The board also approved establishing a new Wholly Owned Subsidiary in UAE to expand Middle East operations, while approving closure of Atanou S.R.L. for business rationalization. The registered office and books of account will shift from Vashi to Turbhe, Navi Mumbai. Statutory auditors issued unmodified (clean) opinions on both standalone and consolidated financial results.
The exceptional gain from the GST ASP business divestment significantly boosted net profit, though this is a one-time item. Revenue growth of 17.15% shows solid operational performance. The UAE expansion signals strategic growth ambitions while the Atanou closure indicates continued cost rationalization. Clean audit opinions without qualifications support financial transparency.