Iris Business Services Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

IRIS Business Services has announced a board meeting where it approved the financial results for the quarter ended June 30, 2025. The company reported a consolidated revenue of ₹29.86 Cr and a net profit of ₹0.22 Cr for the quarter. In key management updates, Mr. Vineet Kandoi has been appointed as the new Chief Financial Officer (CFO), effective August 14. The board also approved convening the 25th Annual General Meeting (AGM) on September 23, 2025. A significant strategic update is the previously announced sale of its GST Application Service Provider (ASP) Business and 100% equity stake in subsidiary IRIS Logix to Sovos for ₹151.24 Cr.