IIRM Holdings India Limited has formally notified stock exchanges about its application for reclassifying seven promoters to public category under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the intimation to BSE Limited and The Calcutta Stock Exchange Limited on April 13, 2026.

Promoters Seeking Reclassification

The application covers seven promoters, including both individuals and corporate entities, with varying shareholding patterns:

Special Circumstances

The reclassification involves several unique situations that require regulatory attention. Mr. Rajiv Agarwal and Ms. Indu Bala Agarwal fall under an open offer case, while their current shareholding stands at zero. The application also addresses deceased promoters, including Ms. Anupma Agarwal and Mr. J L Gupta, whose cases are governed by specific SEBI regulations.

The three corporate entities—Sudev Constructions Private Limited, Sudev Exports Limited, and Sudev Financial Consultants Private Limited—have been struck off according to records available on the MCA website. These companies collectively hold 19,83,000 shares, representing 2.90% of the total shareholding.

Physical Share Transfer Details

The physical shares held by the promoters have been transferred to the suspense account following the company's share split. The face value was reduced from ₹10 to ₹5 per share, necessitating this administrative transfer for proper record maintenance.

Regulatory Compliance Framework

The company has clarified its interpretation of SEBI regulations regarding deceased promoters. Under Regulation 31A(6)(c), promoters automatically cease to be classified as such upon death. IIRM Holdings had initially considered this cessation as automatic, viewing the reclassification application as procedural rather than requiring separate disclosure under Regulation 31A(8)(c).

The company has assured stock exchanges that necessary steps have been implemented to ensure timely compliance with regulatory requirements in future dealings. This commitment demonstrates the company's focus on maintaining transparent corporate governance practices and adherence to SEBI guidelines.

IIRM Holdings India Limited has announced a significant change in its key managerial personnel with the resignation of Ms. Pooja Gaur from her position as Company Secretary and Compliance Officer. The resignation, effective May 15, 2026, marks the departure of a key executive from the company's leadership team.

Resignation Details and Timeline

Ms. Pooja Gaur submitted her resignation letter on April 7, 2026, requesting to step down from all positions held within the company. The resignation will take effect from the close of business hours on May 15, 2026. In her resignation letter, Ms. Gaur cited personal reasons as the primary factor behind her decision to leave the company.

Regulatory Compliance and Notifications

The company has fulfilled its regulatory obligations by informing the relevant stock exchanges about this personnel change. IIRM Holdings India Limited notified both BSE Limited (Scrip Code: 526530) and The Calcutta Stock Exchange Limited (Scrip Code: 029404) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure follows the requirements under SEBI Circulars and includes all necessary details as mandated by the regulatory framework. The company has also made this information available on its official website for transparency and stakeholder access.

Transition and Next Steps

In her resignation letter, Ms. Gaur has requested the company to undertake several administrative actions to ensure a smooth transition. These include filing the necessary forms with the Registrar of Companies, particularly Form DIR-12, and updating records with concerned authorities. The company will also need to make required disclosures to stock exchanges as per SEBI regulations.

Ms. Gaur expressed her appreciation for the support and cooperation extended by the board and management during her tenure with the company. The resignation was formally accepted by Mr. Apparao Ryali, Chief Financial Officer of IIRM Holdings India Limited.

Company Leadership

The announcement was signed by Vurakaranam Ramakrishna, Chairman and Managing Director (DIN: 00700881), confirming the company's commitment to maintaining transparent communication with stakeholders regarding changes in key managerial positions. The company will need to identify and appoint a suitable replacement to fulfill the critical role of Company Secretary and Compliance Officer.