Iris Business Services Limited — Important, 31-07-2025: General Updates

IRIS Business Services has completed the sale of a 5% equity stake in IRIS Logix Solutions to Sovos Compliance. This transaction is a key step in the previously disclosed divestment of the company's GST ASP Services Business. This divestment also involved the acquisition of a 48.99% stake in IRIS Logix from its minority JV partner, Logistics Fund India LLP, prior to the sale to Sovos. This move streamlines the company's operations by finalizing the divestment of its GST ASP business, potentially focusing resources on core growth areas. Investors should note this as a strategic portfolio adjustment.