The Exchange had sought clarification from IIFL Capital Services Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
IIFLCAPS · price
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NSE sought clarification from IIFL Capital Services regarding their consolidated financial results for Q4 and year ended March 31, 2025, submitted on April 28, 2025. The Exchange flagged that the results may not have been in the prescribed format under Schedule III of the Companies Act 2013 or as per Ind AS 2 for subsidiaries. The company clarified that their consolidated results are prepared in compliance with Schedule III and applicable Ind AS. They confirmed having two foreign subsidiaries, one of which has unaudited financial results, and stated that necessary disclosures and adjustments have been made in the consolidated financial statements.
Routine regulatory clarification with no material impact. The company has addressed the Exchange's concerns regarding financial reporting format compliance. No penalties, fines, or enforcement actions involved.