IIFL Finance Limited has informed the Exchange regarding Appointment of Mr. K S Praveen as Head-Internal Audit of the Company w.e.f. July 30, 2025.
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Awaiting price reaction for this filing.
IIFL Finance's board, at its meeting on July 30, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, total income rose to about ₹2,952.83 crore from ₹2,633.01 crore a year earlier, with net profit at ₹274.17 crore (vs. ₹251.36 crore) and basic EPS of ₹5.49. On a standalone basis, the company swung to a net profit of ₹132.77 crore from a loss of ₹31.12 crore, with GNPA improving to 1.70% and CRAR at 18.28%. The board also approved three senior management changes: Mr. Mayank Sharma was re-designated as Chief AI & Innovation Officer, Mr. K S Praveen was appointed as Head – Internal Audit, and Mr. Binay Kumar Mishra was appointed as Head – Legal, all effective July 30, 2025. Disclosures also noted a January 2025 Income Tax search (outcome still pending) and shareholder ratification of Managing Director remuneration that had exceeded Schedule V limits.
Routine quarter-end result filing – broadly neutral to mildly positive for shareholders, with steady consolidated profit growth and improving asset quality. The senior management reshuffle is operational and not expected to materially affect stock price; the pending Income Tax search remains a watch-item.