IIFL Finance Limited has informed the Exchange about conclusion of the Special Audit
IIFL · price
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On the reaction day the stock moved 2.5 pts less than Nifty Smallcap 250 and 2.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IIFL Finance has informed stock exchanges that the Special Audit ordered by the Income Tax Department under Section 142(2A) of the Income Tax Act, 1961 has been completed. The audit report has already been submitted to the Income Tax Department. The company says it continues to fully cooperate with the authorities and is working to wrap up the ongoing block assessment proceedings. This is a follow-up to an earlier intimation dated January 22, 2026. No details about the audit findings or any tax demand have been disclosed in this filing.
The conclusion of the special audit removes some uncertainty, but the actual outcome for shareholders depends on the findings of the report and any subsequent tax demand or order from the Income Tax Department. Investors should watch for further updates, as a large tax demand could negatively impact the stock.