IIRM Holdings' wholly owned subsidiary India Insure is acquiring 100% equity of SafeRisk Insurance Brokers for ₹55.12 crore cash consideration.
SafeRisk reported FY25 turnover of ₹27.78 crore, net worth of ₹17.91 crore, and PAT of ₹1 crore; incorporated December 2014 in Bhubaneswar.
Acquisition requires IRDAI regulatory approval; shares to be allotted within 15 days of special resolution or last regulatory approval.
Disclosure filed under Regulation 30 of SEBI LODR 2015, continuing from earlier letters dated July 31 and October 30, 2025.