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 shares of INR 5 face value at the same minimum price, will also be issued to non-promoters.

This move is crucial for the company to raise capital, bolster its financial position, and support future growth.