Key Quantitative Figures
- Number of shares allotted: 29,98,385 fully paid-up equity shares
- Face value per share: ₹5
- Issue price per share: ₹116 (₹5 face value + ₹111 securities premium)
- Total loan converted: ₹34.78 crores
- Subsidiary financial metrics (FY 2025-26):
- Turnover: ₹6,159.18 lakhs
- PAT: -₹16.41 lakhs
- Net worth: ₹2,095.17 lakhs
- Historical turnover:
- FY 2023-24: ₹7,611.15 lakhs
- FY 2024-25: ₹7,209.04 lakhs
- FY 2025-26: ₹6,159.18 lakhs
Parties Involved
- Listed entity: IIRM Holdings India Limited (formerly Sudev Industries Limited, CIN: L70200TS1992PLC189999)
- Target entity: IIRM Global Shared Services Private Limited (wholly owned subsidiary)
- Allottee: IIRM Holdings India Limited
- Compliance officer: Vempala Sri Lakshmi, Company Secretary & Compliance Officer (M. No. F9950)
Purpose and Rationale
Conversion of pre-existing loans into equity is intended to strengthen the capital structure of IIRM Global and facilitate its business growth and long-term funding requirements.
Financial and Operational Impact
- Outstanding loan of IIRM Global reduced by ₹34.78 crores
- Company's investment in equity share capital of IIRM Global correspondingly increased
- No change in Company's shareholding or control over IIRM Global (remains wholly owned subsidiary)
Transaction Details
- Transaction type: Related party transaction (arm's length basis)
- Valuation: Based on independent registered valuer's report
- Consideration: No cash consideration involved; subscription consideration adjusted against outstanding loan amount
- Government approvals: Not applicable
- Time period: Not applicable (transaction completed)
Subsidiary Information
- Industry: Office administrative, office support and other business support activities
- Country of presence: India
- The transaction does not constitute acquisition of a new entity
Additional Information
No other significant information disclosed.