IIFL Finance Limited has informed the Exchange regarding Appointment of Mr Vinay Agrawal as Other of the company w.e.f. April 29, 2026.
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IIFL Finance Limited's Board meeting on April 29, 2026 approved multiple items including audited FY26 financial results showing consolidated net profit of Rs 1,816.70 crore, up 214% from Rs 578.16 crore in FY25. Total revenue grew to Rs 13,373.83 crore from Rs 10,210.90 crore. The company also appointed Mr. Vinay Agrawal as Business Head - Loan Against Property, classified as Senior Management Personnel (KMP), effective the same date. Additionally, the board approved appointment of Shah Gupta & Co. as a new Joint Statutory Auditor and enabled a resolution for raising up to Rs 10,000 crore via Non-Convertible Securities on private placement basis for FY27. Asset quality improved with GNPA at 1.46% and NNPA at 0.73%.
Strong financial performance with over 3x profit growth and improved asset quality. The appointment of a Business Head for the Loan Against Property vertical signals continued focus on this product segment. The NCD fundraising plan provides flexibility for future capital needs.