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Pledge30 March 2026 at 09:11 am

IIRM Holdings India Ltd Promoter Vurakaranam Ramakrishna Executes Non-Disposal Undertaking on 2,00,00,000 Shares

AI Summary

IIRM Holdings India Ltd has received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure was made by promoter Vurakaranam Ramakrishna on March 30, 2026, in connection with the Non-Convertible Debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited. Ramakrishna has executed a Non-Disposal Undertaking in favor of Axis Trustee Services Limited, encumbering 2,00,00,000 equity shares. The encumbrance is in connection with the Non-Convertible Debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited, a material wholly owned subsidiary.

Key Highlights

  • IIRM Holdings India Ltd promoter Vurakaranam Ramakrishna executes Non-Disposal Undertaking on 2,00,00,000 shares.
  • Encumbrance in favor of Axis Trustee Services Limited.
  • Encumbrance in connection with the Non-Convertible Debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited.
  • Ramakrishna holds 57.51% of the total share capital.
  • 2,00,00,000 shares encumbered, which is 29.35% of the total share capital.