IIFL Finance Limited hereby submits to the Exchanges, Annual Secretarial Compliance Report for the period ended March 31, 2026.
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IIFL Finance submitted its Annual Secretarial Compliance Report for FY ended March 2026, certified by Practicing Company Secretaries M/s. Nilesh Shah & Associates. The report confirms compliance with major SEBI regulations including LODR, Takeover, Insider Trading, and Depositories. However, 5 compliance lapses were flagged in Annexure-A, all relating to the material subsidiary IIFL Samasta Finance Limited - including late intimation of record dates to exchanges (NSE and BSE fined Rs 11,800 each instance), non-submission of certificates for commercial paper payment obligations (fines of Rs 59,000 and Rs 70,800), and delayed submission of interest/dividend payment status certificates. Total fines amount to approximately Rs 2.35 lakhs, all of which have been paid. Annexure-B shows the company also addressed prior year issues including delayed audited results filing (fine Rs 94,400 each exchange) and excess remuneration paid to MD Nirmal Jain without shareholder approval, which is being regularized at the ensuing AGM.
Minor negative signal - Compliance gaps in the material subsidiary resulted in regulatory fines from both NSE and BSE. However, all fines have been paid and the company has assured measures to prevent recurrence. The main company (IIFL Finance) shows clean compliance on core regulatory requirements. No material impact on shareholder value expected.