IIRM Holdings Converts ₹34.78 Cr Loan to Equity in Subsidiary

IIRM Holdings India Ltd announced the conversion of an outstanding unsecured loan of ₹34.78 crores into equity shares of its wholly-owned subsidiary, IIRM Global Shared Services Private Limited. The conversion, approved by IIRM Global's board on August 13, 2026, will result in the issuance of 29,98,385 equity shares at ₹116 per share. This move aims to strengthen IIRM Global's capital base and debt-equity position, supporting its long-term business needs. The transaction is a related party transaction but is conducted on an arm's length basis, based on an independent valuation. IIRM Global will remain a wholly-owned subsidiary post-conversion.