IIRM Holdings India Ltd — Important, 30-03-2026: Company Update

The company's promoter, Mr. Vurakaranam Ramakrishna, has undertaken a Non-Disposal Undertaking (NDU) for 2 crore equity shares he holds, representing 29.35% of the company's total share capital. This NDU, favoring Axis Trustee Services, secures Non-Convertible Debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited, a wholly-owned subsidiary. The subsidiary will use the borrowed amount of 65 Cr for its organic and inorganic growth. This move demonstrates the promoter's support for the subsidiary's expansion plans, impacting shareholder value through strategic growth initiatives.