IIRM Holdings India Ltd — Important, 31-07-2026: Company Update

The Company's Board has approved significant fund-raising initiatives through a preferential issue. This involves allotting up to 15.70 lakh equity shares for INR 22.50 Cr and up to 88.99 lakh fully convertible warrants for INR 127.50 Cr to new investors at INR 143.28 per share/warrant. These warrants are convertible into equity shares within 18 months. Investment agreements with Carpediem Capital Partners Fund II and other investors were also approved, granting the lead investor a board seat and veto rights. Additionally, Mr. Hithendra Karadathodi Ramachandran and Mr. Sathya Pramod Nagaraj were appointed as Additional Non-Executive Directors. The Board also approved convening the 33rd Annual General Meeting.