IRB Infrastructure Developers Limited has executed a letter agreement dated December 24, 2025, related to a share subscription agreement. The original agreement, disclosed on November 30, 2021, involves Bricklayers Investment Pte. Ltd. (GIC) and other members of the Promoter Group. The letter agreement includes certain waivers and releases by GIC regarding obligations of the Promoter and Promoter Group.
Letter Agreement Execution
IRB Infrastructure Developers Limited announced the execution of a letter agreement on December 24, 2025, pertaining to a share subscription agreement. This agreement modifies certain terms of the original share subscription agreement.
Parties Involved
The parties involved in this letter agreement are:
Mr. Virendra D. Mhaiskar, IRB Holding Private Limited, Mrs. Deepali Mhaiskar and Virendra D. Mhaiskar HUF are collectively referred to as the “Promoter Group”.
Details of Amendment
The letter agreement involves a waiver and release by GIC of certain obligations of the Promoter and the Promoter Group under the share subscription agreement. The original agreement’s disclosure date was November 30, 2021.
Source: BSE
