IIRM Holdings India Limited Files Quarterly Dematerialization Compliance Certificate for Q4 FY26

1 min read     Updated on 05 Apr 2026, 09:10 AM
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IIRM Holdings India Limited submitted its quarterly dematerialization compliance certificate for the quarter ended March 31, 2026, to BSE Limited and The Calcutta Stock Exchange Limited. The certificate, issued by Beetal Financial & Computer Services (P) Ltd, confirms proper processing of dematerialization requests and compliance with SEBI regulations. The filing demonstrates the company's adherence to regulatory requirements for handling electronic securities and maintaining accurate depository records.

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IIRM Holdings India Limited has filed its quarterly dematerialization compliance certificate with stock exchanges for the quarter ended March 31, 2026. The submission fulfills regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the mandatory certificate to BSE Limited and The Calcutta Stock Exchange Limited on April 4, 2026, as required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Pooja Gaur signed the submission digitally.

Exchange Details: Information
BSE Limited Scrip Code: 526530
Calcutta Stock Exchange Scrip Code: 029404
Filing Date: April 4, 2026
Quarter Covered: March 31, 2026

Certificate Confirmation Details

Beetal Financial & Computer Services (P) Ltd, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 3, 2026. The SEBI-approved category I Registrar confirmed compliance with dematerialization procedures during the quarter.

The certificate validates that:

  • Securities received from Depository Participants for dematerialization were properly confirmed to depositories
  • Security certificates received for dematerialization have been mutilated and cancelled after due verification
  • Depository names have been substituted in the register of members as registered owners within 15 days
  • All securities are listed on stock exchanges where previously issued securities are traded

Company Information

Corporate Details: Information
Company Name: IIRM Holdings India Limited
Former Name: Sudev Industries Limited
CIN: L70200TS1992PLC189999
Registrar: Beetal Financial & Computer Services (P) Ltd
SEBI Registration: INR 000000262

The company maintains its registered office at 5th Floor, Ashoka My Home Chambers, Sindhi Colony, SP Road, Begumpet, Secunderabad, Hyderabad, Telangana. The compliance certificate and related documentation are available on the company's website at www.iirmholdings.in .

Regulatory Framework

The filing references multiple regulatory circulars including NSDL/CIR/II/5/2019 dated January 25, 2019, CDSL/OPS/RTA/POLCY/2019/14 dated January 25, 2019, and SEBI letter ref no.MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019. These guidelines establish the framework for quarterly reporting of dematerialization activities by listed companies.

Historical Stock Returns for IIRM

1 Day5 Days1 Month6 Months1 Year5 Years
-3.47%-4.93%+2.10%+4.05%+3.73%+285.41%

Will IIRM Holdings consider upgrading its registrar services given the evolving digital compliance landscape in 2026?

How might the company's dual exchange listing strategy impact its market liquidity and investor accessibility going forward?

What operational changes could IIRM Holdings implement to streamline future dematerialization processes as trading volumes potentially increase?

Axis Trustee Services Obtains Non-Disposal Undertaking Over 29.35% Stake in IIRM Holdings India Limited

1 min read     Updated on 02 Apr 2026, 11:08 AM
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Axis Trustee Services Limited has disclosed obtaining a non-disposal undertaking over 2,00,00,000 equity shares (29.35% stake) in IIRM Holdings India Limited as security for INR 65,00,00,000 worth of non-convertible debentures. The arrangement, executed on March 28, 2026, involves shares held by promoter Mr. Vurakaranam Ramakrishna and has been recorded through Form 39 filing with the depository.

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Axis Trustee Services Limited has obtained a non-disposal undertaking over a significant stake in IIRM Holdings India Limited , marking a substantial security arrangement in connection with debenture issuance. The trustee disclosed this development under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Non-Disposal Undertaking Details

The arrangement involves 2,00,00,000 equity shares of IIRM Holdings India Limited, representing 29.35% of the company's paid-up share capital. These shares are held by promoter Mr. Vurakaranam Ramakrishna and are now subject to non-disposal restrictions in favor of Axis Trustee Services Limited.

Parameter: Details
Shares Under NDU: 2,00,00,000 equity shares
Percentage of Capital: 29.35%
Date of Arrangement: March 28, 2026
Promoter: Mr. Vurakaranam Ramakrishna
Recording Method: Form 39 filing with depository

Debenture Security Framework

The non-disposal undertaking serves as security for 6,500 senior, secured, redeemable, unlisted, unrated, non-convertible debentures issued by India Insure Risk Management and Insurance Broking Services Private Limited. Each debenture carries a nominal value of INR 1,00,000, with the total issue size aggregating to INR 65,00,00,000.

Debenture Details: Specifications
Number of Debentures: 6,500
Face Value per Debenture: INR 1,00,000
Total Issue Size: INR 65,00,00,000
Nature: Senior, secured, redeemable, unlisted, unrated, non-convertible

Company Capital Structure

IIRM Holdings India Limited maintains an equity share capital of Rs. 34,07,21,250, consisting of 6,81,44,250 shares with a face value of Rs. 5 each. This capital structure remained unchanged before and after the non-disposal undertaking arrangement, as per the shareholding pattern for the quarter ended December 2025.

Regulatory Compliance and Clarifications

Axis Trustee Services Limited emphasized that it holds no beneficial interest in the shares subject to the non-disposal undertaking. The company acts solely in its capacity as debenture trustee, with the arrangement created pursuant to Regulation 29 of SEBI (SAST) Regulations 2011. A power of attorney has been executed by the promoter in favor of the trustee to facilitate the security arrangement.

The disclosure ensures compliance with regulatory requirements while providing transparency regarding the substantial encumbrance created over the promoter's shareholding in IIRM Holdings India Limited.

Historical Stock Returns for IIRM

1 Day5 Days1 Month6 Months1 Year5 Years
-3.47%-4.93%+2.10%+4.05%+3.73%+285.41%

What are the specific terms and maturity timeline for the INR 650 crore debenture issue that triggered this security arrangement?

How might this significant encumbrance on 29.35% of shares impact IIRM Holdings' ability to raise future capital or attract new investors?

What factors could lead to the enforcement of this non-disposal undertaking and potential transfer of promoter shares to the trustee?

More News on IIRM

1 Year Returns:+3.73%