IIFL Capital Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2025
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IIFL Capital Services Limited has announced its 30th Annual General Meeting (AGM) to be held on Tuesday, September 16, 2025, at 11:30 a.m. IST via video conferencing. The AGM will consider adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, along with several key resolutions. These include re-appointment of Mr. Narendra Deshmal Jain (director retiring by rotation), appointment of M/s Rathi & Associates as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30), and re-appointment of two Independent Directors (Mr. Anand Shailesh Bathiya and Mr. Viswanathan Krishnan) for a second 5-year term each. Shareholders will also be asked to approve material related party transactions with IIFL Finance Limited, IIFL Home Finance Limited, IIFL Samasta Finance Limited, FIH Mauritius Investments Ltd, and between subsidiary IIFL Management Services Limited and IIFL Finance Limited, valid until the next AGM. A special resolution seeks approval to raise up to ₹1,000 crore via privately placed non-convertible debentures (NCDs) in one or more tranches, and another seeks approval for sale or disposal of assets of a material subsidiary exceeding 20% of its assets. The company paid an interim dividend of ₹3 per share (150% of face value) for FY2024-25, treated as final dividend.
This is a routine AGM notice, but shareholders should note the ₹1,000 crore NCD borrowing proposal and the multiple related party transaction approvals with IIFL group entities, which require shareholder voting. The proposed sale of material subsidiary assets and re-appointment of directors are governance items that need majority approval at the meeting on September 16, 2025.