Promoter Reclassification14 May 2026, 12:25 pm
IIRM Holdings: Promoter Reclassification Approved by BSE
AI Summary
IIRM Holdings India Ltd received BSE approval on May 7, 2026, for the reclassification of certain shareholders from the "Promoter and Promoter Group" category to the "Public" category, as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the reclassification application on March 10, 2026, and the approval was received on May 14, 2026. Consequently, the company will revise its shareholding pattern and submit it to the stock exchange. BSE noted a delay in the initial disclosure regarding the reclassification application.
Key Highlights
- BSE approves IIRM Holdings' promoter reclassification to public category.
- Reclassification is under SEBI's Regulation 31A.
- Shareholding pattern will be revised post-reclassification.
- Rajeev Agarwal and Indu Bala Agarwal are the outgoing promoters with 0 shares each.
- BSE noted a delay in the initial disclosure by the company.
Price Impact
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