IRM Holdings India Limited: Trading Suspension Lifted by Calcutta Stock Exchange

1 min read     Updated on 24 Oct 2025, 09:02 PM
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Reviewed by
Ashish ThakurScanX News Team
Overview

The Calcutta Stock Exchange (CSE) has lifted the trading suspension for IRM Holdings India Limited (formerly Sudev Industries Limited), effective October 23, 2025. The company, with CSE Scrip Code 29404, had been suspended due to non-compliance with the Listing Agreement. This revocation allows IRM Holdings to resume active trading on the CSE. The company's Chairman & Managing Director, Vurakaranam Rama Krishna, officially communicated this development to both the BSE Limited and CSE. Simultaneously, CSE also lifted suspensions on two other companies: Shree Ganga Leasing Co Ltd and Hooghly Slog And Investments Co Ltd.

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*this image is generated using AI for illustrative purposes only.

The Calcutta Stock Exchange (CSE) has announced the revocation of trading suspension for IIRM , formerly known as Sudev Industries Limited. This development marks a significant turn for the company, which had faced suspension due to non-compliance with the Listing Agreement.

Key Details of the Revocation

Aspect Details
Effective Date October 23, 2025
Company Name IRM Holdings India Limited (formerly Sudev Industries Limited)
CSE Scrip Code 29404

Background and Implications

The suspension, initially imposed due to non-compliance issues, has been a hurdle for the company's market presence. With this revocation, IRM Holdings India Limited regains its active trading status on the Calcutta Stock Exchange, potentially opening up new opportunities for investors and the company alike.

Official Communication

Vurakaranam Rama Krishna, the Chairman & Managing Director of IRM Holdings India Limited, formally communicated this development to both the BSE Limited and The Calcutta Stock Exchange Limited. This official notification underscores the company's commitment to transparency and compliance with regulatory requirements.

Broader Context

IRM Holdings was not alone in this development. The Calcutta Stock Exchange simultaneously lifted suspensions on two other companies:

  1. Shree Ganga Leasing Co Ltd (Scrip Code: 29315)
  2. Hooghly Slog And Investments Co Ltd (Scrip Code: 18127)

This collective action by the CSE suggests a broader move towards regularizing suspended stocks and potentially improving market liquidity.

Looking Ahead

While the lifting of the suspension is a positive step for IRM Holdings India Limited, investors and market watchers will likely be keen to observe how the company performs now that it has returned to active trading. The company's future actions, particularly in maintaining compliance and potentially capitalizing on this renewed market access, will be of interest to stakeholders.

As always, investors are advised to conduct thorough research and consider current market conditions before making any investment decisions.

Historical Stock Returns for IIRM

1 Day5 Days1 Month6 Months1 Year5 Years
+1.05%-5.23%-7.95%-17.87%-52.28%+253.21%

IIRM Holdings India Completes Merger with Sampada Business Solutions

1 min read     Updated on 19 Sept 2025, 04:51 PM
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Reviewed by
Riya DeyScanX News Team
Overview

IIRM Holdings India Limited (IIRM) has finalized its merger with Sampada Business Solutions Limited. The Registrar of Companies (RoC), Hyderabad, approved the merger on September 19, 2025. Sampada Business Solutions is now listed as 'Amalgamated' in the Ministry of Corporate Affairs database. IIRM Holdings filed Form INC-28 with the RoC, complying with SEBI regulations. The merger process had been ongoing since July 2024, with regular updates provided to stock exchanges. IIRM Holdings is listed on BSE Limited (Scrip Code: 526530) and The Calcutta Stock Exchange Limited (Scrip Code: 029404).

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*this image is generated using AI for illustrative purposes only.

IIRM Holdings India Limited (IIRM) has successfully completed its merger with Sampada Business Solutions Limited, marking a significant corporate restructuring event. The Registrar of Companies (RoC), Hyderabad, granted approval for the merger on September 19, 2025, as confirmed by IIRM Holdings in a regulatory filing.

Merger Details

The merger involved Sampada Business Solutions Limited as the transferor company and IIRM Holdings India Limited as the transferee company. Following the approval, the status of Sampada Business Solutions Limited has been updated to 'Amalgamated' in the Ministry of Corporate Affairs database, signifying the completion of the merger process.

Regulatory Compliance

IIRM Holdings India Limited, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, filed Form INC-28 with the RoC, Hyderabad. This form, which pertains to the approved Scheme of Amalgamation between the two companies, received approval on September 19, 2025.

Timeline of Events

The merger process has been ongoing for several months, with IIRM Holdings providing regular updates to the stock exchanges. The company had previously made intimations regarding the merger on:

  • July 29, 2024
  • January 22, 2025
  • March 3, 2025
  • April 18, 2025
  • July 22, 2025

These dates indicate the various stages and milestones in the merger process, culminating in the final approval this September.

Stock Exchange Information

IIRM Holdings India Limited is listed on multiple stock exchanges:

Exchange Scrip Code
BSE Limited 526530
The Calcutta Stock Exchange Limited 029404

Investors and stakeholders should note that IIRM Holdings India Limited was formerly known as Sudev Industries Limited, as mentioned in the regulatory filing.

The completion of this merger is expected to have implications for the company's structure and operations. Shareholders and investors are advised to keep track of further announcements from the company regarding the integration process and any changes in business strategy following this corporate action.

Historical Stock Returns for IIRM

1 Day5 Days1 Month6 Months1 Year5 Years
+1.05%-5.23%-7.95%-17.87%-52.28%+253.21%
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