Please find attached notice of postal ballot.
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Awaiting price reaction for this filing.
IIRM Holdings India Ltd has issued a postal ballot notice seeking shareholder approval to change the designation of Mr. Yugandhara Rao Sunkara (DIN: 06527762) from Non-Executive Non-Independent Director to Non-Executive Independent Director for a second term of five years, effective April 23, 2025. Mr. Sunkara had previously lost his independent status after India Insure Risk Management became a step-down subsidiary of the company, but the cooling-off period of three financial years has now lapsed, restoring his eligibility. He is a veteran insurance industry professional with over 35 years of experience, including founding MD & CEO of GIC Re South Africa Ltd, and currently holds 0.52% stake in the company. E-voting runs from June 22, 2025 to July 21, 2025, with results expected by July 23, 2025. The company is listed on BSE (Scrip Code: 526530) and is suspended/inactive on the Calcutta Stock Exchange.
This is a routine governance action to restore the independent status of a director after a regulatory cooling-off period. The re-designation strengthens board independence but is unlikely to have any material impact on the stock price or shareholder value.