Iris Business Services Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

IRIS Business Services Limited has provided an update confirming that there is no deviation in the use of proceeds from its recently completed preferential issue, which raised INR 12.50 Crores. This statement was reviewed by the Audit Committee and acknowledged by the Board of Directors in their recent meetings. The funds remain allocated as initially disclosed for sales and marketing and product development, ensuring transparent financial management. This clarity may enhance investor confidence, reflecting a positive outlook for the company's governance and operational integrity.