Regulatory28 Aug 2026, 06:10 pm
IIRM Holdings India Ltd Receives BSE In-Principle Approval for Preferential Issue
AI Summary
IIRM Holdings India Ltd has received in-principle approval from BSE Limited for a proposed preferential issue. The approval, granted under Regulation 28(1) of SEBI LODR Regulations, permits the company to issue 15,70,352 equity shares and 88,98,657 warrants convertible into equity shares, both to non-promoters at a price not less than INR 143.28 per share. The company has been advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to ensure compliance with SEBI regulations. The approval is in-principle and does not guarantee listing approval, which requires further compliance.
Key Highlights
- BSE grants in-principle approval for preferential issue of shares and warrants.
- Issue involves 15,70,352 equity shares and 88,98,657 convertible warrants.
- Securities to be issued to non-promoters at a minimum price of INR 143.28.
- Company must comply with SEBI regulations and strengthen internal controls.
- Approval is conditional and requires further listing application post-allotment.
Price Impact
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