SUDEV INDUSTRIES LTD.

IIRM Holdings India Ltd announced the allotment of 15,59,883 equity shares and 88,39,333 convertible warrants through a preferential issue. The equity shares were allotted at INR 143.28 per share, aggregating to INR 22.35 Crores. The convertible warrants were also allotted at INR 143.28 per warrant, aggregating to INR 126.65 Crores. Each warrant is convertible into one equity share. The company received 25% upfront payment for the warrants, with the balance due upon exercise. One of the 14 proposed offerees, Mr. Pradeep Kumar, did not subscribe.

IIRM Holdings India Ltd announces that its wholly-owned subsidiary, IIRM Global Shared Services Private Limited, has approved the allotment of 29,98,385 equity shares to IIRM Holdings India Limited. This allotment is pursuant to the conversion of an existing unsecured loan of ₹34.78 crores. The shares are issued at a price of ₹116 each, comprising a face value of ₹5 and securities premium of ₹111. The conversion strengthens IIRM Global's capital structure and facilitates its business growth. The transaction is a related party transaction but is conducted on an arm's length basis, with no change in IIRM Holdings' shareholding or control over its subsidiary.

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.

IIRM Holdings India Ltd announced at its 33rd Annual General Meeting held on August 27, 2026, the approval of a preferential issue. This includes 15,70,352 fully paid-up equity shares and 88,98,657 fully convertible warrants. The company clarified an inadvertent omission in the AGM notice regarding the post-issue shareholding percentages of the allottees. The disclosure now includes specific percentages for entities like Carpediem Capital Partners Fund II (9.90%) and Sanshi Fund - I (1.78%), among others. These percentages are calculated on a fully diluted basis, assuming the conversion of all warrants. The pre-issue shareholding of these allottees was nil.

IIRM Holdings India Ltd has appointed CARE Ratings Limited as the Monitoring Agency to oversee the utilization of proceeds from its upcoming preferential issue. The issue size is ₹150 Crores. This appointment is in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors had authorized this appointment on July 31, 2026, and the formal appointment was made on August 24, 2026. CARE Ratings, a SEBI-registered Credit Rating Agency, will ensure the proceeds are used as per regulatory guidelines. The company will make necessary disclosures on its website and comply with all applicable regulations.

IIRM Holdings India Ltd announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported revenue from operations of ₹168.50 Lakhs and a profit before tax of ₹91.37 Lakhs. The Board of Directors also approved the dissolution of the Rights Issue Committee, as the proposed rights issue was not undertaken. The financial results were reviewed by statutory auditors Seshachalam & Co., who issued an unmodified conclusion. The company operates in a single segment: 'Professional and Consultancy Services'.

IIRM Holdings India Ltd announced its Unaudited Financial Results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results. Additionally, the Board approved the dissolution of the Rights Issue Committee, as the proposed rights issue was not undertaken. The company's website also hosts this information.

IIRM Holdings India Ltd has issued a corrigendum to its 33rd AGM notice dated July 31, 2026, providing additional disclosures and clarifications regarding a proposed Preferential Issue of Equity Shares and Warrants. This update, prompted by observations from BSE Limited, quantifies the utilization of the ₹150 crore proceeds. Funds will be allocated to working capital, business operations, capital expenditure, strategic investments, and general corporate purposes across its subsidiaries, India Insure Risk Management and Insurance Broking Services Private Limited, and IIRM Global Shared Services Private Limited. The issue comprises equity shares and warrants, with all proposed allottees identified as Non-Promoters, maintaining their status post-issue. A valuation report is available on the company's website.

IIRM Holdings India Ltd has issued a corrigendum to its 33rd Annual General Meeting (AGM) notice dated July 31, 2026. This clarification, dated August 13, 2026, addresses observations from BSE Limited regarding the proposed Preferential Issue of Equity Shares and Warrants. The corrigendum provides additional disclosures and clarifications on the utilization of proceeds from the preferential issue, detailing specific amounts and timelines for working capital, operational expenses, capital expenditure, strategic investments, and general corporate purposes across its subsidiary companies. The original AGM notice and explanatory statement remain unchanged except for these specific amendments.

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.