IIRM Holdings India Limited's Board approved a Rs. 65 crore corporate guarantee for wholly-owned subsidiary India Insure's NCD issuance on March 28, 2026.
The guarantee covers principal and interest, is valid for 4 years from first disbursement, and constitutes a contingent liability for IIRM Holdings.
Board also approved sale, disposal, and lease of material subsidiary assets exceeding 20% of total assets, subject to shareholder approval.