Announced Thu, 2 Apr · 10:41 IST
Axis Trustee discloses 29.35% encumbrance on IIRM Holdings promoter shares
Ownership Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹83.92
prior close
₹87.79
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+4.5+6.1+6.6+4.0+1.3-0.0+2.5+7.2+33.8+62.1
Up moveDown movePending
AI summary
Axis Trustee Services, acting as debenture trustee, disclosed a non-disposal undertaking on 2 crore equity shares (29.35% of paid-up capital) of IIRM Holdings held by promoter Vurakaranam Ramakrishna. The encumbrance secures ₹65 crore senior secured debentures issued by group company India Insure Risk Management & Insurance Broking. ATSL holds no beneficial interest. Promoter retains at least 35% on a fully diluted basis. Date of intimation: March 28, 2026.
Likely market impact
Promoter shares encumbered as security for group company debt; no change in beneficial ownership; minor negative signal on pledged shares.