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As on : 12-Nov-2026
Corporate News
12-Nov-2026      22:40

IIRM Holdings India Limited confirms proper fund utilization from Rs 5401.24 crore equity issue

IIRM Holdings India Limited reported no deviation or variation in the utilization of funds raised through a preferential issue of equity shares and convertible warrants for the quarter ended September 30, 2026, according to a filing with the BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on November 12, 2026. The company raised Rs 5401.24 crore through the preferential issue, with CARE Ratings Limited serving as the monitoring agency, and noted that Mr. Pradeep Kumar did not subscribe to the issue, resulting in a reduction of the total issue size and corresponding adjustments to allocated funds.

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