Dion Global Solutions Convenes First Reconstituted Board on November 3 to Allot Equity to IIRIS

Dion Global Solutions Limited has scheduled its first meeting of the reconstituted board for November 3, 2026, to allot equity shares to Indus IntelliRisk & IntelliSense Services Private Limited (IIRIS) and record director appointments, ScanX reported. The company had been in the corporate insolvency resolution process since August 18, 2020.

IIRIS Nominees Join the Dion Global Board

Nominees of IIRIS were appointed as directors effective October 8, 2026. The November 3 meeting will formally record these appointments and the cessation of earlier directors and Key Management Personnel. The board will also authorize directors to operate bank accounts and update credentials with regulatory authorities to ensure operational continuity.

The agenda covers four items: recording the appointment of IIRIS representatives on the board, recording the cessation of previous directors and Key Management Personnel, allotting equity share capital to IIRIS as per the resolution plan, and authorizing directors to manage banking, vendor agreements and regulatory updates. The National Company Law Tribunal approved IIRIS's resolution plan through an order dated July 21, 2026. Operations are currently managed by a monitoring committee established under the plan, and IIRIS has fulfilled its obligations, according to the report.

Dion Global's Three Decades of Exchange Data

According to akta.pro company records, Dion Global Solutions was founded in 1994 and has maintained continuous operations as a financial data services provider for the Indian stock exchanges BSE and NSE for approximately three decades. The same records describe the Noida-based technology solution provider as employing 251-500 people, with a revenue estimate of $10 million-$25 million and a valuation estimate of $50 million-$100 million.

IIRIS Approval and Earlier Dion Global Results

IIRIS Consulting acquired publicly listed fintech company Dion Global Solutions Limited following National Company Law Tribunal approval on July 21, 2026, marking IIRIS's entry into the listed company space, The Times of India reported in July 2026. On August 4, 2026, ScanX reported that Dion Global posted a Q1FY27 net loss of ₹168.19 lakh, widening from the previous quarter's ₹15.76 lakh loss, driven by a spike in other expenses to ₹173.25 lakh, while revenue remained stable at ₹280.16 lakh. On August 10, 2026, Moneycontrol.com reported standalone net sales of Rs 2.80 crore for June 2026, a 1.18% increase year-on-year, according to broker research.

November 3 Board Agenda

The reconstituted board meets on November 3, 2026, to record the IIRIS director appointments, record the cessation of earlier directors and Key Management Personnel, allot equity shares to IIRIS, and authorize directors to operate bank accounts and update regulatory credentials.