Nature of the Event

IIRM Holdings India Limited has completed a preferential issue of equity shares and convertible warrants, as approved by shareholders at the 33rd Annual General Meeting held on August 27, 2026. The Board of Directors approved the final allotment via Circular Resolution passed on September 11, 2026.

Key Quantitative Figures

  • Equity Shares Allotted: 15,59,883 (Fifteen Lakhs Fifty-Nine Thousand Eight Hundred Eighty-Three) fully paid-up Equity Shares
  • Equity Issue Price: INR 143.28 per share (Face Value: INR 5; Securities Premium: INR 138.28)
  • Total Equity Consideration: INR 22,35,00,037.12 (Indian Rupees Twenty-Two Crores Thirty-Five Lakhs Thirty-Seven and Twelve Paise only)
  • Warrants Allotted: 88,39,333 (Eighty-Eight Lakhs Thirty-Nine Thousand Three Hundred Thirty-Three) Convertible Warrants
  • Warrant Issue Price: INR 143.28 per warrant (Face Value: INR 5; Securities Premium: INR 138.28)
  • Total Warrant Consideration: INR 126,64,99,632.24 (Indian Rupees One Hundred Twenty-Six Crores Sixty-Four Lakhs Ninety-Nine Thousand Six Hundred Thirty-Two and Twenty-Four Paise Only)
  • Upfront Warrant Payment Received: 25% of issue price (INR 35.82 per warrant), totaling INR 31,66,24,908.54
  • Balance Warrant Payment Due: 75% of issue price (INR 107.46 per warrant), payable upon conversion

Dates of Action

  • Shareholder Approval: August 27, 2026 (33rd AGM)
  • Board Allotment Approval: September 11, 2026 (Circular Resolution)
  • Warrant Conversion Period: 18 months from date of allotment (September 11, 2026)

Parties Involved

Subscribing Allottees (13 entities/individuals):

1. Carpediem Capital Partners Fund II - 1,167,295 shares; 6,614,671 warrants (9.90% post-issue holding)

2. Sanshi Fund - I - 209,380 shares; 1,186,488 warrants (1.78%)

3. Rahil Vivek Desai - 52,345 shares; 296,622 warrants (0.44%)

4. Sandeep Vyas - 20,938 shares; 118,649 warrants (0.18%)

5. Anshul Kaushik - 10,469 shares; 59,324 warrants (0.09%)

6. Om Prakash Jain - 10,469 shares; 59,324 warrants (0.09%)

7. Harinder Singh - 10,469 shares; 59,324 warrants (0.09%)

8. Sur-Mangal Holdings Private Limited - 10,469 shares; 59,324 warrants (0.09%)

9. Abhishek Kalra - 10,469 shares; 59,324 warrants (0.09%)

10. Deepak Maheshwari - 10,469 shares; 59,324 warrants (0.09%)

11. Govindan Raghavan - 10,469 shares; 59,324 warrants (0.09%)

12. Gameplan Sports Private Limited - 31,407 shares; 177,973 warrants (0.27%)

13. Ankur Saboo - 5,235 shares; 29,662 warrants (0.04%)

Non-Subscribing Offeree: Mr. Pradeep Kumar (did not subscribe to either shares or warrants)

Financial and Operational Impact

  • Immediate Cash Inflow: INR 22,35,00,037.12 (equity) + INR 31,66,24,908.54 (warrant upfront) = INR 54,01,24,945.66 total received
  • Future Cash Inflow Potential: INR 95,00,74,723.70 upon full warrant conversion (75% balance)
  • Capital Structure Impact: All allottees were non-promoters with nil pre-issue shareholding. Post-issue holdings range from 0.04% to 9.90% on a fully diluted basis (assuming full warrant conversion).
  • Dilution Impact: The issue significantly expands the shareholder base with 13 new institutional and individual investors.

Warrant Terms

Each warrant is convertible into one fully paid-up equity share of face value INR 5 upon payment of the balance consideration within 18 months from the date of allotment (by March 10, 2028). The company will make requisite disclosures to stock exchanges upon exercise of warrants or upon their expiry.

Additional Information

The disclosure includes all required annexures as per SEBI LODR Regulations. The information is also available on the company's website at www.iirmholdings.in/investors.