IIRM Holdings India Ltd is in the business of consultancy and investments in group /associates companiesChange in Object Clause: In FY 23, company changed their main Object Clause of Memorandum of Association and replaced it with: a) To carry on the business of consultants in all fields, including the business...
IIRM Holdings India Ltd has successfully closed its preferential issue by allotting 15,59,883 equity shares at INR 143.28 each, raising 22.35 Cr, alongside 88,39,333 convertible warrants at the same price, raising 126.65 Cr from 13 investors. The company has collected the mandatory 25% upfront payment for the warrants, with the...
IIRM Holdings' wholly-owned subsidiary, IIRM Global, has converted an existing loan from the parent into equity. IIRM Global allotted 29,98,385 shares at Rs. 116 each to IIRM Holdings. This action reduced IIRM Global's outstanding unsecured loan by Rs. 34.78 crore, simultaneously increasing IIRM Holdings' equity investment in the subsidiary. The...
IIRM Holdings India Limited has received in-principle approval from BSE Limited for its proposed preferential issue. This allows the company to issue 15,70,352 equity shares, each with a face value of INR 5, at a minimum price of INR 143.28 to non-promoter investors. Additionally, 88,98,657 warrants, convertible into equal equity...
The company's 33rd AGM approved a preferential issue of 15,70,352 equity shares and 88,98,657 fully convertible warrants. The company is now providing crucial details, previously omitted, regarding the post-issue shareholding percentages of the proposed allottees. This update shows how new investors, like Carpediem Capital Partners Fund II, will hold 9.90%...
IIRM Holdings India Limited has appointed CARE Ratings Limited as the Monitoring Agency for its upcoming Preferential Issue. This agency will be responsible for overseeing the proper utilization of the ₹150 Crs raised through this issue. This action underscores the company's commitment to transparent fund management, providing investors assurance that...
