IIFL Finance Limited

IIFL Finance Limited announced that its Nomination and Remuneration Committee has approved the allotment of 14,30,848 equity shares to eligible employees on the exercise of stock options under the company’s Employee Stock Option Scheme, according to a circular resolution dated September 10, 2026.

IIFL Finance Limited announced that its finance committee approved the allotment of 2,500 secured, listed, rated, redeemable non-convertible debentures of INR 100,000 each, aggregating to INR 25 crore, on a private placement basis. The debentures, designated Series D39, will be listed on the National Stock Exchange of India Limited and mature on September 8, 2028, with a coupon rate of 9.10% p.a.

IIFL Finance Limited clarified on September 9, 2026, that there have been no negotiations regarding a potential exit by Fairfax to fund a bid for IDBI Bank, responding to a news article appearing on the economictimes.indiatimes.com website, and stated that any movement in the company’s share price is due to market sentiment or factors beyond its control.

IIFL Finance Limited announced that its finance committee approved the allotment of 10,000 subordinated, unsecured, listed, rated, redeemable non-convertible debentures of INR 100,000 each, totaling INR 1,00,00,00,000, under Series D3 8 on a private placement basis. The debentures will be listed on the National Stock Exchange of India Limited and have a tenure of 7 years, with an interest rate of 9.35% p.a., maturing on September 08, 2033.

IIFL Finance Limited announced that Ramakrishnan Subramanian ceased to be an Independent Director with effect from September 5, 2026, due to the completion of his tenure. The company expressed appreciation for Subramanian's contributions and participation in its decision-making processes.

IIFL Finance Limited announced that its finance committee approved the allotment of 35,000 secured, listed, rated, redeemable non-convertible debentures of face value Rs 100,000 each, aggregating to Rs 350 crore, on a private placement basis. The debentures, designated Series D37, will mature on September 01, 2028, with a coupon rate of 9.25% p.a., and will be listed on the National Stock Exchange of India Limited. The company has created a first ranking pari passu charge over its assets, including gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property, to secure the debentures.

IIFL Finance Ltd announced that Crisil Ratings Limited (“Crisil”) has reaffirmed its ratings for various instruments of the company, including a rating of Crisil AA/Stable for Bank Loan Facilities amounting to Rs. 11,493 Crore and Non-Convertible Debentures amounting to Rs. 11,398.56 Crore, a Crisil PPMLD AA/Stable rating for Long Term Principal Protected Market Linked Debentures amounting to Rs. 859 Crore, a Crisil AA-/Stable rating for Perpetual Bonds amounting to Rs. 300 Crore, and a Crisil A1+ rating for Commercial Papers amounting to Rs. 9000 Crore; no enhancements, assignments, or withdrawals were noted in connection with these reaffirmations, and the full details of the ratings are available on Crisil’s website.

IIFL Finance Limited disclosed that a tax demand of Rs 963.39 crore has been raised by the Assistant Commissioner of Income Tax against its subsidiary, IIFL Home Finance Limited, following block assessment proceedings related to search and seizure actions. IIFL Finance Limited has received a stay of recovery on the outstanding demand until December 31, 2026, subject to payment of Rs 23.78 crore in installments, with the first installment of Rs 5 crore already paid on August 13, 2026. The company intends to contest the additions and disallowances, which include Rs 490 crore related to overriding commission income, and does not currently expect a material impact on its financial position.

IIFL Finance Ltd announced that Infomerics Valuation and Rating Limited (“Infomerics”) has reaffirmed its rating as IVR AA/Stable for Perpetual Debt Instruments (“PDIs”) amounting to Rs. 850 crore, IVR A1+ for proposed Commercial Paper (“CP”) amounting to Rs. 5,000 crore, and has assigned a rating of IVR AA/Stable for proposed PDIs amounting to Rs. 300 crore; no enhancements, assignments, or withdrawals were noted for any other instruments, and the ratings are hosted on Infomerics’ website.

IIFL Finance Ltd announced that Brickwork Ratings India Private Limited (“BWR”) has reaffirmed its rating as BWR AA+/Stable for Non-Convertible Debentures amounting to Rs. 3,022.04 crores, BWR AA/Stable for Perpetual Debt Instrument (“PDI”) amounting to Rs. 850 crores, and has assigned a rating of BWR AA/Stable for a Proposed PDI amounting to Rs. 300 crores; no other rating agencies are mentioned in the release, and there are no enhancements, withdrawals, or assignments related to any other instruments.