IRIS Business Services Clarifies on Unauthorized Credit Rating Report

Date: August 23, 2025
Exchange: BSE (Scrip Code: 540735), NSE (Symbol: IRIS)

📰 Company Clarification

IRIS Business Services Limited has issued a clarification regarding a credit rating report dated August 21, 2025, published by India Ratings & Research (Ind-Ra).

The company highlighted that:

It has not engaged or appointed Ind-Ra for any credit rating assignment.
IRIS does not acknowledge or accept the commentary or ratings mentioned in the Ind-Ra report.
The report did not reference the official rating rationale of ICRA Limited (the company’s authorized rating agency) nor consider comprehensive financial and non-financial data available in the public domain.

🏦 Official Rating Agency

ICRA Limited is the sole authorized credit rating agency for IRIS Business Services since 2020.
The latest credit rating rationale was issued by ICRA on July 2, 2025, and has been disclosed to both exchanges and on the company’s website.

🔗 Official links provided by IRIS for investor reference:

📊 Market Impact Analysis

This clarification was necessary because:

Circulation of an unauthorized credit rating could have led to market confusion and impacted investor sentiment.
By reaffirming that only ICRA’s ratings are valid, IRIS has restored clarity and trust for shareholders and lenders.
In the near term, the clarification is expected to reduce volatility in IRIS stock price, as investors align their views with official ICRA disclosures.

💡 Investor Takeaway

Always rely on authorized rating agencies disclosed by the company.
Ignore market chatter or reports not backed by company confirmation.
For IRIS, ICRA is the only valid rating agency, and the July 2025 disclosure remains the benchmark.