Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
IIFLCAPS · price
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IIFL Capital Services Ltd has received SEBI approval for the surrender of its Portfolio Manager registration (INP000002213), effective May 20, 2026. This follows the transfer of the company's Portfolio Management Services (PMS) business to IIFL Capital Asset Management Limited (ICAML), a wholly-owned subsidiary, via a slump sale on a going concern basis. The company had applied for the surrender after completing the business transfer, and SEBI has now formally cancelled the registration. The transaction was previously disclosed in July and December 2025.
This is an administrative cleanup following an internal restructuring — the PMS business remains within the IIFL group under the subsidiary, so there is no revenue loss or material impact on the listed entity. Shareholders are not materially affected.