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Awaiting price reaction for this filing.
The Reserve Bank of India has approved India Finsec's application and cancelled its Certificate of Registration as a Non-Banking Financial Company (NBFC-ICC), effective July 17, 2025. The company will now operate as an unregistered Core Investment Company (CIC), a passive holding structure. Separately, its subsidiary IFL Finance Limited (formerly IFL Housing Finance Limited) has been converted from a Housing Finance Company to an NBFC-ICC with effect from June 26, 2025. This effectively shifts all active lending operations from the parent to the subsidiary. The disclosure was made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a regulatory restructuring rather than a negative event. India Finsec becomes a holding company, while the operating NBFC business moves to its subsidiary IFL Finance. Shareholders should note that the parent will no longer directly carry out NBFC activities, so future performance will largely depend on the subsidiary's results.