IRIS REGTECH SOLUTIONS LIMITED : CLARIFICATION REGARDING CREDIT RATING WITHDRAWAL

• The withdrawal of the rating by India Ratings & Research pertains solely to credit facilities aggregating to ₹170 million previously availed from Federal Bank Limited. • These facilities were fully repaid and closed by the Company, confirmed by a No Due Certificate dated January 12, 2022. • The Company had requested India Ratings to withdraw the rating associated with the closed facility, providing supporting documentation. • The withdrawal is solely a consequence of repayment and closure, not due to any default, delay in debt servicing, financial stress, deterioration in credit quality, or non-cooperation. • The Company's current credit ratings are assigned by ICRA Limited. Impact: Neutral (Clarification on withdrawal of a past credit rating for a closed facility)

IRIS RegTech Solutions Limited

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