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IIRM Holdings India Ltd announced the results of a postal ballot held between March 19 and April 17, 2025. All 5 special resolutions were approved with 100% votes in favour and zero votes against. The key resolution was the approval of a Scheme of Amalgamation merging Sampada Business Solutions Limited into IIRM Holdings India Ltd, under Section 233 of the Companies Act, 2013. The other four resolutions approved the IIRM Employee Stock Option Plan 2025 (ESOP 2025) and the IIRM Employee Stock Purchase Scheme 2025 (ESPS 2025), including granting options/shares to employees of subsidiary and associate companies. Voting participation was strong, with about 90% of the 6.81 crore total shares being polled, and 191-192 members casting valid votes.
Shareholders have cleared the amalgamation of Sampada Business Solutions into IIRM Holdings, paving the way for an internal consolidation. The approval of ESOP and ESPS schemes will allow the company to issue stock options/shares to employees, which could lead to some dilution of existing equity over time.