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 move aims to strengthen IIRM Global's capital structure and support its business growth and long-term funding requirements.

IIRM Global continues as a wholly-owned subsidiary, maintaining parental control and shareholding structure.

The subsidiary reported a turnover of Rs. 61.59 crore for FY26.