IIRM Holdings India Limited has submitted a regulatory disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding its wholly owned subsidiary, IIRM Global Shared Services Private Limited.

Transaction Details

  • Loan Amount: ₹34.78 crores
  • Conversion Terms: The loan is being converted into 29,98,385 fully paid-up equity shares
  • Issue Price: ₹116 per equity share, comprising:
  • Face Value: ₹5 per share
  • Securities Premium: ₹111 per share
  • Valuation Basis: Independent Registered Valuer's report

Historical Context

The loan originated from a Loan Agreement executed between Sampada Business Solutions Limited and IIRM Global, which included a convertible feature into equity and/or preference shares. Pursuant to a Scheme of Amalgamation sanctioned by the Regional Director, South East Region, Ministry of Corporate Affairs, Hyderabad, on July 22, 2025, Sampada Business Solutions Limited was amalgamated with IIRM Holdings India Limited. All assets, liabilities, rights, and obligations of Sampada, including this loan and conversion rights, were transferred to IIRM Holdings effective July 22, 2025.

Financial Impact

  • The outstanding loan of IIRM Global will be reduced by ₹34.78 crores
  • IIRM Holdings' investment in IIRM Global's equity share capital will increase correspondingly
  • No cash consideration is involved - the subscription consideration is adjusted against the outstanding loan amount

Ownership Impact

IIRM Global will continue to remain a wholly owned subsidiary of IIRM Holdings with no change in shareholding, ownership, or management control.

Purpose and Rationale

The conversion is intended to:

  • Strengthen IIRM Global's capital base
  • Improve its debt-equity position
  • Support its long-term business requirements

IIRM Global Financial Profile (FY 2025-26)

  • Turnover: ₹6,159.18 lakhs
  • PAT: ₹-16.41 lakhs (loss)
  • 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

Additional Information

  • Industry: Office administrative, office support and other business support activities
  • Incorporation Date: March 20, 2003
  • Country of Presence: India
  • Transaction Type: Related party transaction (arm's length basis)
  • Government Approvals: Not applicable
  • Completion Timeline: Not specified