IIRM Holdings India Ltd Approves Investment Agreements

IIRM Holdings India Ltd's Board of Directors has approved the execution of Investment Agreements with Carpediem Capital Partners Fund II and other co-investors. The company plans to raise funds through a preferential issue of equity shares and/or fully convertible warrants. The equity share issuance involves up to 15,70,352 shares at ₹143.28 per share, aggregating up to ₹22.50 crore. Additionally, up to 88,98,657 warrants will be issued at an exercise price of ₹143.28 per warrant, aggregating up to ₹127.50 crore. These actions are subject to regulatory and shareholder approvals. The board also approved the appointment of Mr. Hithendra Karadathodi Ramachandran as an Additional Director.