IIRM Holdings India Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

IIRM Holdings' Promoter, Vurakaranam Ramakrishna, has pledged 2 crore equity shares as a Non-Disposal Undertaking. These shares, representing 29.35% of the total share capital, serve as security for Non-Convertible Debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited, a wholly-owned subsidiary. The debentures, amounting to 65 Cr, are for the subsidiary's organic and inorganic growth. The value of the encumbered shares is 161.66 Cr, providing a cover of 2.49 times the debt. This move supports the subsidiary's expansion plans.