IIFL Capital Services Limited has informed the Exchange about General Updates
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IIFL Capital Services has informed the exchange that its wholly owned subsidiary, IIFL Wealth (UK) Limited, has been voluntarily struck off and dissolved effective July 22, 2025. The UK subsidiary had no turnover for FY ended March 31, 2025, and a net worth of just Rs. 1.65 crores, representing only 0.07% of the parent company's net worth. The company received approximately GBP 155,096.55 (around Rs. 1.80 crores) from the dissolution. The transaction is not a related party transaction and does not involve sale to any promoter group entity.
This is a routine housekeeping action with negligible financial impact. The dissolved subsidiary contributed nothing to revenue and only 0.07% to net worth, so shareholders should see no material effect on the stock or company fundamentals.