IIFL Capital Services Limited has informed the Exchange about Action(s) taken or orders passed
IIFLCAPS · price
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Awaiting price reaction for this filing.
BSE Limited has imposed a ₹4 lakh penalty on IIFL Capital Services for conducting a Disaster Recovery (DR) drill that lasted an entire trading day without transitioning all clients to the DR site, covering the period from April to June 2024. The IT DR exercise was successfully executed for the clients who were transitioned. The company received the order on May 19, 2025, and is in the process of submitting a formal letter to BSE requesting a waiver along with its clarification. The company has stated that aside from the penalty amount, there is no significant impact on its financial, operational, or other activities.
The penalty is small (₹4 lakh) relative to a large listed company, so the financial impact is negligible. The stock price is unlikely to react materially, though the company plans to seek a waiver which, if granted, could mean no actual outgo.