Please find attached Outcome of Board Meeting dated July 31, 2025.
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The Board approved unaudited consolidated Q1 FY26 results with revenue from operations of Rs. 6,796.49 lakhs (vs Rs. 6,572.52 lakhs in Q1 FY25) and net profit of Rs. 764.32 lakhs (vs Rs. 906.17 lakhs in Q1 FY25), resulting in EPS of Rs. 1.12. Standalone revenue rose to Rs. 184 lakhs with net profit of Rs. 67.62 lakhs. The Board noted that the Regional Director has approved the Scheme of Amalgamation of Sampada Business Solutions Limited into IIRM Holdings, effective upon further approvals. Subsidiary India Insure proposes to acquire 100% of Safe Risk Insurance Brokers in phases, subject to IRDAI clearance. M/s. Hemang Satra & Associates was appointed as Secretarial Auditor for a 5-year term (FY26-FY30). The 32nd AGM is scheduled for September 27, 2025 via video conferencing.
Mixed signal for shareholders: consolidated profits declined year-on-year despite modest revenue growth, while the amalgamation with Sampada and the insurance brokerage acquisition signal an aggressive inorganic expansion strategy that could reshape the group's structure and growth trajectory once regulatory approvals clear.