IIFL Finance Limited has informed the Exchanges regarding disclosure under Regulation 30 of SEBI LODR Regulations, 2015.
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The Income Tax Authority (Joint Commissioner, Central Circle-4, Mumbai) has issued assessment orders dated May 12, 2026 raising a tax demand of Rs. 4,75,56,46,790 (approximately Rs. 475.56 crore). The demand covers the block period from April 1, 2018 to February 3, 2025 under Section 158BC(1)(c) of the Income Tax Act, 1961. This is a continuation of an earlier intimation dated March 30, 2026. IIFL Finance states it has duly discharged all tax liabilities and has adequate factual and legal grounds to challenge the demand. The company will pursue appeals against the orders and does not expect any material impact on its financials or operations.
While the tax demand of Rs. 475.56 crore appears large, the company has contested it and believes there will be no material financial impact. However, pending litigation and potential cash outflows could create near-term uncertainty for investors until the matter is resolved through appeals.