IIRM Holdings India Limited (formerly known as Sudev Industries Limited) has announced a significant corporate restructuring move. The Regional Director - South East Region, Ministry of Corporate Affairs, Hyderabad, has approved the Scheme of Amalgamation between Sampada Business Solutions Limited (Transferor Company) and IIRM Holdings India Limited (Transferee Company) on July 22, 2025.

Key Details of the Amalgamation

• Appointed Date: April 1, 2024
• Approval Date: July 22, 2025
• Entities Involved:
  • Transferor Company: Sampada Business Solutions Limited
  • Transferee Company: IIRM Holdings India Limited

Implications of the Merger

The approved scheme involves the complete transfer of Sampada's business undertaking, assets, and liabilities to IIRM Holdings. Upon completion of this process, Sampada Business Solutions Limited will be dissolved without going through the winding-up process.

Strategic Objectives

The amalgamation aims to achieve several strategic objectives:

1. Simplification of management structure
2. Reduction in operational costs
3. Elimination of regulatory compliance multiplicity
4. Maximization of shareholder value through better integration and financial strength

Nature of the Transaction

It's worth noting that IIRM Holdings' entire shareholding in Sampada makes this a common control transaction under applicable accounting standards.

Next Steps

Both companies are required to file the confirmation order with the Registrar of Companies within 30 days of receiving approval.

Recent Corporate Actions

In addition to the amalgamation news, IIRM Holdings India Limited has recently submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2025. This certificate, received from Beetal Financial & Computer Services Private Limited (the company's Registrar & Share Transfer Agent), confirms compliance with the aforementioned regulation.

Conclusion

This amalgamation represents a significant step for IIRM Holdings India Limited, potentially strengthening its market position and operational efficiency. Shareholders and stakeholders will be keen to observe the implementation and outcomes of this corporate restructuring in the coming months.

IIRM Holdings India , a prominent player in the professional and consultancy services sector, has released its financial results for the fourth quarter of the fiscal year 2025, revealing a significant drop in profitability despite maintaining a strong revenue stream.

Q4 Financial Highlights

• Consolidated net profit: ₹197.38 crore (91.3% decrease year-over-year)
• Revenue: ₹5,548.72 crore (68.8% decrease year-over-year)
• Total income: ₹5,645.66 crore

Expense Management

Total expenses for Q4 FY2025 were ₹5,098.27 crore, with key components:

Annual Performance FY2025

• Total revenue: ₹21,945.02 crore (23.4% increase year-over-year)
• Net profit: ₹2,163.06 crore (4.4% decrease year-over-year)

Segment-wise Performance

1. Professional and consultancy services: 31% of total revenue
2. Direct and Re-insurance services: 69% of total revenue

Geographical Distribution

• Domestic (India): 96% of revenue
• International: 4% of revenue

Balance Sheet Highlights (as of March 31, 2025)

• Total assets: ₹18,553.71 crore
• Total equity: ₹13,298.44 crore
• Cash and cash equivalents: ₹620.14 crore

Management Commentary

Rama Krishna Vurakaranam, Chairman cum Managing Director of IIRM Holdings India, stated, "While our Q4 results reflect challenges in the market, our full-year performance demonstrates the resilience of our business model. We remain committed to enhancing shareholder value and are focused on improving operational efficiency in the coming fiscal year."

Future Outlook

• Approved scheme of amalgamation between Sampada Business Solutions Limited and IIRM Holdings India Limited
• Amalgamation expected to be finalized in FY2025-26
• Focus on core competencies and expansion in the insurance sector

IIRM Holdings India continues to navigate a challenging business environment, leveraging its diverse portfolio and strong balance sheet to pursue growth opportunities while managing market volatilities.