IRIS2024-04-012024-06-30 IRIS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member IRIS2024-06-30 IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue01Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue02Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue03Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue04Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults01Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults02Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults03Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults04Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets01Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets02Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets03Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets04Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member IRIS2024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member IRIS2024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member IRIS2024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member IRIS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities04Member IRIS2024-06-30in-bse-fin:OneReportableSegmentLiabilities04Member IRIS2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IRIS2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540735 IRIS NOTLISTED Iris Business Services Limited Equity 2024-04-01 2025-03-31 2024-08-08 2024-07-31 INR Lakhs First quarter 13:55:00 16:10:00 2024-08-08 2024-08-08 Not applicable Multi segment 2024-04-01 2024-06-30 Unaudited Consolidated 276477000.00 5285000.00 281762000.00 0.00 0.00 0.00 134821000.00 1822000.00 4738000.00 104161000.00 245542000.00 36220000.00 0.00 36220000.00 9875000.00 -2500000.00 7375000.00 0.00 28845000.00 0.00 0.00 0.00 0.00 28845000.00 -382000.00 28463000.00 28190000.00 655000.00 27808000.00 655000.00 193612000.00 10 1.49 1.48 0.00 0.00 1.49 1.48 a. The above unaudited consolidated financial results for the three months ended June 30, 2024 were reviewed and recommended by the Audit committee of the Board and approved by the Board of Directors at its meeting held on August 08, 2024. b. The consolidated financial results include financial results of the following subsidiaries: 1.IRIS Business Services (Asia) Pte. Ltd - Subsidiary 2. IRIS Business Services LLC - Wholly Owned Subsidiary 3. Atanou S.r.l. - Wholly Owned Subsidiary 4. IRIS Logix Solutions Private Limited - Subsidiary 5. IRIS Regtech Sdn. Bhd - Wholly Owned Subsidiary c. Based on the management approach as defined in Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance on three business segments namely ‘Collect’, ‘Create’ and ‘Consume’. d. With respect to our investment in IRIS Business Services LLC incorporated in USA (the Subsidiary ) as at June 30, 2024 the total liabilities exceeded its total assets by INR 76.34 lakhs. The parent company is committed to provide necessary financial support as and when necessary. Considering the future prospect of the subsidiary and continued support of Parent company, the investment in the subsidiary is measured at cost. e. In the light of the future prospect of the subsidiary and committed continued support of Parent, financial results of the subsidiary mentioned in point (d) have been prepared on a going concern basis and the same is considered for preparation of consolidated financial results. f. On May 30, 2024, the Board of Directors of the Company resolved to issue 543,478 equity shares with a face value of INR 10 each at an issue price of INR 184 per share, along with 543,477 warrants convertible into equity shares of INR 10 each at an issue price of INR 184 per share, on a preferential basis. The Company received in-principle approval from Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') on June 20, 2024. Additionally, the members of the Company approved this issuance at their meeting held on June 21, 2024. Pursuant to these approvals, the Board of Directors allotted the 543,478 equity shares and 543,477 warrants on a preferential basis on July 2, 2024. The Company is currently in the process of obtaining listing and trading approval for these shares from BSE and NSE. g. On June 25, 2024, IRIS Regtech Sdn. Bhd, a wholly owned subsidiary of IRIS Business Services Limited was incorporated in Malaysia subsequent to approval from the Board of Directors of the Company, at their meeting held on May 30, 2024. As of the quarter ended June 30, 2024, the subsidiary has not commenced operations and, therefore, has no income, expenses, assets and liabilities. The incorporation process is complete, and the subsidiary is in the preliminary stages of setting up its operational framework. h. Figures for the quarter ended March 31, 2024 are the balancing figure between audited figures in respect of respective full financial years and published year to date figures up to the third quarter of the respective financial years which were subjected to limited review. i. Corresponding previous period’s figures have been regrouped and reclassified wherever necessary. Other Expenses 104161000.00 Collect 136539000.00 Consume 10555000.00 Create 129383000.00 Unallocated 0.00 276477000.00 0.00 276477000.00 Collect 20363000.00 Consume 3255000.00 Create 13557000.00 Unallocated 5285000.00 42460000.00 1743000.00 4497000.00 Assets and liabilities used in the Group’s business are not identifiable to any of the reportable segment, as these are used interchangeably between segments. The management believes that it not practicable to provide segment disclosures relating to total assets and liabilities. 36220000.00 Collect 0.00 Consume 0.00 Create 0.00 Unallocated 0.00 0.00 0.00 0.00 Collect 0.00 Consume 0.00 Create 0.00 Unallocated 0.00 0.00 0.00 0.00 0.00 Fair Value Changes on Derivatives Designated as cash flow hedge -332000.00 Exchange differences on translation of financial results of foreign operations -50000.00 -382000.00 0.00