IIRM Holdings Clarifies AGM Notice for ₹150 Cr Preferential Issue

IIRM Holdings India Ltd has issued a corrigendum to its 33rd AGM notice dated July 31, 2026, providing additional disclosures and clarifications regarding a proposed Preferential Issue of Equity Shares and Warrants. This update, prompted by observations from BSE Limited, quantifies the utilization of the ₹150 crore proceeds. Funds will be allocated to working capital, business operations, capital expenditure, strategic investments, and general corporate purposes across its subsidiaries, India Insure Risk Management and Insurance Broking Services Private Limited, and IIRM Global Shared Services Private Limited. The issue comprises equity shares and warrants, with all proposed allottees identified as Non-Promoters, maintaining their status post-issue. A valuation report is available on the company's website.