IIRM Holdings India Ltd

Monitoring agency appointment

• CARE Ratings Limited appointed as Monitoring Agency for utilisation of proceeds of the ₹150 crore preferential issue.
• Appointment date: 24 August 2026 following board authorization on 31 July 2026.
• Monitoring will be in accordance with SEBI ICDR Regulations and other applicable laws.
• Company will make requisite disclosures and comply with LODR and ICDR provisions.

IRDAI registration

• Wholly owned IIRM Global Shared Services Pvt Ltd received IRDAI Corporate Agent (Composite) registration on Aug 19, 2026.
• Registration aligns with the group’s strategy to diversify into insurance distribution.

AGM corrigendum context

• Corrigendum adds quantified use-of-proceeds disclosures for proposed INR 150 crore preferential issue.
• AGM notice date unchanged; meeting on Aug 27, 2026 via VC/OAVM.

Proposed issue details and use of proceeds

• Total issue size INR 150 crore.
• Equity shares: 15,70,352; warrants: 88,98,657; price ₹143.28; warrants: 25% upfront.
• Objects include working capital, funding operations, capex, acquisitions, and general corporate purposes.
• Deviation allowed ±10%; General Corporate Purposes cap at 25% of proceeds.

Allottees and regulatory disclosures

• Allottees remain Non-Promoter; no promoter status change.
• UBO disclosure: Carpediem Capital Partners Fund II not applicable.
• Valuation report available on company website.
• Board/Committee to monitor utilisation; tentative timelines per object.

Transaction overview

• Target: IIRM Global Shared Services Private Limited, office admin and business support in India.
• Size: outstanding loan Rs 34.78 crore converted into equity (2,998,385 shares).
• Consideration: non-cash; loan converted into equity at Rs 116 per share.
• Control: IIRM Global remains wholly owned by IIRM Holdings; no change in control.
• Rationale: strengthen capital base, debt-equity position, and long-term funding.
• Approvals: regulatory approvals not applicable; timeline not specified.
• Background: incorporated 20/03/2003; last three-year turnover ₹7,611.15 lakh (2023-24), ₹7,209.04 lakh (2024-25), ₹6,159.18 lakh (2025-26).
• Industry: Office admin and business support services in India.

Meeting Details

• Board meeting scheduled for Friday, 14 August 2026.
• Time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.

Other Notes

• Trading window closed for Designated Persons and insiders until 48 hours after board outcome.

Board appointments

• Appointment of Hithendra Karadathodi Ramachandran as Additional Director, Non-Executive, Non-Independent, effective July 31, 2026.
• Term until the ensuing AGM for FY26; not debarred; profile: entrepreneur with 20+ years' experience.
• Not related to promoters, directors or KMP.
• No stated committee changes.
• Appointment of Sathya Pramod Nagaraj as Additional Director, Non-Executive, Non-Independent, effective July 31, 2026.
• Term until the ensuing AGM for FY26; not debarred.
• Profile: Chartered Accountant with over 20 years' experience; ex-Deloitte, EY, AOL, Qyuki, Tally.
• Board composition: additional director appointed; no committee changes disclosed.

AGM Details

• 33rd AGM scheduled for Aug 27, 2026 at 4:00 PM IST via VC/OAVM.
• Notice and Annual Report for FY2025-26 to be circulated to shareholders and filed with exchanges.
• Board approved the AGM date and modality at meeting on 31 July 2026.