IIRM Holdings India Ltd — Important, 23-09-2025: Company Update

IIRM Holdings is converting an unsecured loan of 11.9367 crore into equity shares of its wholly-owned subsidiary, India Insure Risk Management and Insurance Broking Services. This loan originated from Sampada Business Solutions, which recently merged with IIRM Holdings. India Insure's board has approved this conversion into 1,06,104 shares, subject to shareholder consent. The move aims to strengthen India Insure's capital structure to support its business growth. As India Insure is already a wholly-owned entity, this conversion will not change IIRM's ownership percentage.