IRIS Business Services' Board has approved the financial results for the quarter ended June 30, 2025. The company also announced the appointment of Mr. Vineet Kandoi, a seasoned Chartered Accountant and IIM-A alumnus, as its new Chief Financial Officer, effective August 14. Further, the 25th Annual General Meeting is set for September 23 via virtual means, with book closure from September 17-23. A key development is the agreement to sell the GST Application Service Provider (ASP) business and its 100% stake in IRIS Logix Solutions Private Limited to Sovos Compliance Limited for ₹151.24 Cr. Separately, a US subsidiary continues on a going concern basis with parent support despite liabilities exceeding assets.