Pledge30 March 2026 at 09:16 am
IIRM Holdings India Ltd Promoter Executes Non-Disposal Undertaking on 2,00,00,000 Equity Shares
AI Summary
IIRM Holdings India Ltd has disclosed reasons for encumbrance by its promoter, Vurakaranam Ramakrishna, under Regulation 31(1) of SEBI (SAST) Regulations, 2011. The promoter has executed a Non-Disposal Undertaking in favor of Axis Trustee Services Limited, in connection with the Non-Convertible Debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited, a material wholly owned subsidiary. The encumbrance details 2,00,00,000 equity shares, which is 29.35% of the total share capital.
Key Highlights
- IIRM Holdings India Ltd promoter, Vurakaranam Ramakrishna, has executed a Non-Disposal Undertaking for 2,00,00,000 equity shares.
- The encumbrance is in favor of Axis Trustee Services Limited, connected with Non-Convertible Debentures issued by a material wholly owned subsidiary.
- The Non-Disposal Undertaking represents 29.35% of the total share capital.
- The encumbrance is due to debt instruments issued by India Insure Risk Management and Insurance Broking Services Private Limited.
- The purpose of the borrowed amount is not specified in the document.
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