IIRM Holdings India Ltd Board Approves Preferential Issue

IIRM Holdings India Ltd's Board of Directors has approved a preferential issue of equity shares and fully convertible warrants to raise funds. The company plans to issue up to 15,70,352 equity shares at ₹143.28 per share, aggregating up to ₹22.50 crore. Additionally, up to 88,98,657 warrants convertible into equity shares at ₹143.28 per warrant are to be issued, potentially raising 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.