Iris Business Services Limited — Board Meeting, 31-01-2025: Outcome of Board Meeting

The Board of Directors has approved the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The total income for the quarter stood at ₹33.32 crore, with a net profit of ₹35.93 crore. Additionally, the board approved the allotment of 5,43,477 equity shares on a preferential basis at ₹184 per share, resulting in a total fundraising of approximately ₹10 crore. This follows an earlier board decision for the issuance of warrants, enhancing the company’s capital structure.