IIRM Holdings India

IIRM Holdings India’s wholly owned subsidiary, IIRM Global Shared Services, received a Certificate of Registration from the Insurance Regulatory and Development Authority of India on 19 August 2026 to act as a composite corporate agent. The approval followed an intimation made in February and related to the group’s insurance-distribution activities. IIRM Global reported FY26 turnover of ₹61.59 crore and a net loss of ₹0.16 crore. The group reported consolidated revenue of ₹252.15 crore in FY26, while its India Insure subsidiary accounted for roughly three-quarters of group revenue as a composite insurance broker.

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IIRM Global Shared Services, a wholly owned subsidiary of IIRM Holdings, approved the conversion of a ₹34.78 crore unsecured loan into equity. The proposed issue comprised 29,98,385 fully paid-up equity shares at ₹116 each; the consideration was to be adjusted against the existing loan, with no cash involved. IIRM Global reported FY26 turnover of ₹61.59 crore, a net loss of ₹0.16 crore and net worth of ₹20.95 crore. Its turnover had declined from ₹76.11 crore in FY24 and ₹72.09 crore in FY25. IIRM Holdings’ consolidated FY26 revenue was ₹252.15 crore, with borrowings of ₹82.7 crore.

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IIRM Holdings' board approved a preferential issue of up to 15.7 lakh equity shares and 88.99 lakh fully convertible warrants at ₹143.28 each, raising up to ₹150 crore from Carpediem Capital Partners Fund II and 13 co-investors. Carpediem, a Category II alternative investment fund, is entitled to one board seat and an observer seat, along with veto rights over reserved matters, subject to shareholder and regulatory approvals. The company, formerly Sudev Industries, has been building an insurance broking and consultancy business since acquiring Sampada Business Solutions in 2024. Consolidated revenue was ₹252 crore in the year to March 2026, with net profit of ₹24.4 crore. The board also appointed two additional non-executive non-independent directors and scheduled its annual general meeting for 27 August.

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IIRM Holdings' board approved a preferential issue of equity shares and fully convertible warrants totalling about ₹150 crore to Carpediem Capital Partners Fund II, a Category II alternative investment fund, and thirteen co-investors. The issue comprises 15,70,352 equity shares priced at ₹143.28 each, raising ₹22.5 crore, and 88,98,657 warrants convertible into one share each within 18 months, raising ₹127.5 crore. Carpediem, the lead investor, was granted a board seat, an observer seat and veto rights over reserved matters, and two new non-executive directors were appointed. IIRM, an insurance broking and consultancy holding company, reported consolidated FY26 revenue of ₹252 crore, up 15% year on year, and a net profit of ₹24.4 crore. The allotment remains subject to shareholder and regulatory approvals.

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IIRM Holdings India Ltd announced a ₹1,500 million (₹150 crore) capital raise through a preferential issue of equity shares and fully convertible warrants priced at ₹143.28 per share, in an investment led by Carpediem Capital and Sanshi Fund - I. The company said the proceeds would fund business expansion, strategic acquisitions, capital expenditure and working capital, subject to shareholder and regulatory approvals. The group handled business volumes in excess of ₹16 billion in FY26 and reported consolidated revenue of ₹252 crore for the year to March 2026. A ₹44 crore rights issue announced in December 2024 has remained pending.

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IIRM Holdings India Ltd's board approved a preferential issue of equity shares and convertible warrants to Carpediem Capital Partners Fund II and 13 co-investors, raising up to ₹150 crore at ₹143.28 per equity share and per warrant. The package comprises 15.7 lakh equity shares worth ₹22.5 crore and 88.99 lakh warrants worth ₹127.5 crore, convertible within 18 months. Carpediem, the lead investor, gains a board seat, an observer seat and veto rights over certain reserved matters. Two additional non-executive directors were appointed, one as Carpediem's nominee. The company, an insurance broking and consultancy group, reported consolidated revenue of ₹252 crore for the year to March 2026.

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Jan 22 (Reuters) - IIRM Holdings India Ltd IIRM.BO:

• APPROVES AMALGAMATION OF SAMPADA BUSINESS SOLUTIONS WITH IIRM HOLDINGS

Source text: ID:nBSE7mZcYg

Further company coverage: IIRM.BO

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Dec 17 (Reuters) - IIRM Holdings India Ltd IIRM.BO:

• IIRM HOLDINGS INDIA LTD - TO RAISE FUNDS VIA ISSUE OF SHARES WORTH UPTO 440 MILLION RUPEES

Source text: ID:nBSEgPLZ3

Further company coverage: IIRM.BO

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Dec 10 (Reuters) - IIRM Holdings India Ltd IIRM.BO:

• IIRM HOLDINGS INDIA TO CONSIDER RIGHTS ISSUE

Source text: ID:nBSE7B5v7K

Further company coverage: IIRM.BO

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July 29 (Reuters) - IIRM Holdings India Ltd IIRM.BO:

• APPROVES MERGER OF SAMPADA BUSINESS SOLUTIONS BY ABSORPTION INTO CO

Source text for Eikon: ID:nBSE5swr9j

Further company coverage: IIRM.BO

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Sept 4 (Reuters) - Sudev Industries Ltd SUDE.BO:

• AMES APPARAO RYALI AS CFO

• TO ACQUIRE 99.93% STAKE IN SAMPADA BUSINESS SOLUTIONS

Source text for Eikon: ID:nBSE95lpdV

Further company coverage: SUDE.BO

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Aug 29 (Reuters) - Sudev Industries Ltd SUDE.BO:

• TO CONSIDER PROPOSAL FOR ISSUANCE OF EQUITY SHARES

Source text for Eikon: ID:nBSE2mmPCj

Further company coverage: SUDE.BO

(([email protected];))

April 4 (Reuters) - Sudev Industries Ltd SUDE.BO:

• TO CONSIDER RAISING FUNDS BY WAY OF PREFERENTIAL ISSUE

Source text for Eikon: ID:nBSE7JWndz

Further company coverage: SUDE.BO

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