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IRIS RegTech Solutions Limited · IRIS
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IRIS RegTech Solutions Limited has clarified that the withdrawal of its credit rating by India Ratings & Research is due to the repayment and closure of a ₹170 million loan facility from Federal Bank Limited, and not due to any default or financial stress.
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Full Announcement
IRIS RegTech Solutions Limited has informed the Exchange regarding 'clarification on Rating Report issued by India Ratings & Research'.
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July 07, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No C/1,
Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex,
Dalal Street, Mumbai 400 001 Bandra (East), Mumbai - 400 051
Scrip Code: 540735 Symbol: IRIS
Sub: Clarification regarding withdrawal of credit rating by India Ratings & Research
Dear Madam/Sirs,
We refer to the communication received from India Ratings & Research Pvt. Ltd. ("India Ratings") on July 6, 2026 concerning the withdrawal of the
rating assigned to the bank loan facilities previously availed by the Company. As the Company had been in correspondence with India Ratings regarding
the withdrawal of the said rating following repayment and closure of the underlying facilities, the Company considers it appropriate to provide the
following clarification to ensure that shareholders, investors and other stakeholders have the complete factual background relating to the said rating
withdrawal.
The rating withdrawn by India Ratings pertained solely to credit facilities aggregating to ₹170 million previously availed from Federal Bank Limited.
The said facilities were fully repaid and closed by the Company. Pursuant thereto, Federal Bank issued a No Due Certificate dated January 12, 2022,
confirming release of the mortgage charge and confirming that no dues remained outstanding in respect of the said facilities.
The Company had subsequently requested India Ratings to withdraw the rating associated with the closed facility and had provided supporting
documentation, including the No Due Certificate, No Objection Certificate and confirmation regarding the absence of outstanding charges. The rating
has now been withdrawn by India Ratings.
The Company wishes to clarify that the withdrawal of the rating is solely a consequence of the repayment and closure of the underlying Federal Bank
facility and should not be construed as arising from any default, delay in debt servicing, financial stress, deterioration in credit quality, non-cooperation
or any other adverse development relating to the Company.
Stakeholders may further note that the Company's current credit ratings are assigned by ICRA Limited, and the latest credit rating assigned by ICRA
was disclosed to the Stock Exchanges on July 2, 2025. The relevant disclosure is available at:
• BSE Disclosure • NSE Disclosure • Company Website
This statement is issued solely to clarify the Company’s credit rating status and to prevent any potential misinterpretation.
This clarification is intended to supplement and should be read together with the Company's earlier clarification dated August 23, 2025 in relation to
the rating report issued by India Ratings & Research, available at:
• BSE Disclosure • NSE Disclosure • Company Website
Thanking You,
Yours faithfully,
For IRIS RegTech Solutions Limited
Santoshkumar Sharma
Company Secretary & Compliance Officer
(Mem. No. - ACS 35139)
IRIS REGTECH SOLUTIONS LIMITED
(Formerly known as IRIS Business Services Limited)
1405–1411, Plutonium Business Park, Thane-Belapur Road, Turbhe, Navi Mumbai – 400703, Maharashtra, India
Tel: +91 22 6723 1000 | Email: contact@irisregtech.com | www.irisregtech.com | CIN L72900MH2000PLC128943 | GSTIN 27AAACI9260R1ZV