Subsidiary converts Rs 34.78 crore loan into equity via share allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IIRM Holdings' wholly owned subsidiary IIRM Global Shared Services has allotted 29,98,385 equity shares at Rs 116 each (Rs 5 face value, Rs 111 premium) to convert an outstanding Rs 34.78 crore unsecured loan into equity. Conversion is based on an independent valuation and done at arm's length as a related party transaction. It strengthens the subsidiary's capital structure for growth and funding needs. IIRM Global remains a wholly owned subsidiary with no change in parent shareholding or control. FY25-26 turnover was Rs 61.59 crore with a small loss.
Internal capital restructuring at subsidiary level. Strengthens subsidiary balance sheet but no change in parent ownership, control, or consolidated earnings.