IRB Infrastructure Developers Limited — Important, 19-02-2025: Updates

Clarifying a recent news item, IRB Infrastructure Developers addressed a report regarding the pledge of 14.2 crore shares by promoter Sudha D. Mhaiskar and her associated entities, DSM Projects Private Limited and SDM Ventures Private Limited. The company stated that these entities, while part of the promoter group, constitute a negligible 0.08% of total shares associated with the firm. Importantly, IRB emphasized that the main promoters have not pledged any shares for financial obligations; instead, they have committed to a non-disposal undertaking regarding their holdings with GIC and the Ferrovial Group since December 2021. The company has urged CNBC TV18 to correct any misconceptions presented to its audience regarding this matter. This clarification aims to reassure investors about the promoters' commitment and stability in shareholding.