IRM Energy Ltd Acquires Additional 16.67% Stake in Associate Company Venuka Polymers Private Limited for Rs. 1,05,08,000

IRM Energy Ltd has acquired 10,50,800 equity shares of Rs. 10/- each, through Right Issue in Venuka Polymers Private Limited (VPPL), an Associate Company. This has increased the company's shareholding in VPPL from 33.33% to 50.00%. The turnover of VPPL for the financial year ended March 31, 2025, is Rs. 97.45 Crores. The transaction is carried out on arm’s length basis and the shares are likely to be credited to the Company's demat account in due course by VPPL. The cost of acquisition is Rs. 1,05,08,000.