IIFL Capital Fined ₹28.1 Lakhs by MCX for Non-Genuine Trades

IIFL Capital Services Ltd has been levied an aggregate monetary penalty of ₹28,10,300 by the Multi Commodity Exchange of India Limited (MCX). The penalty is in connection with alleged Abnormal/Non-Genuine Trades, as per Exchange Circular No. MCX/S&I/324/2018. The company received communication regarding this on October 9, 2026. IIFL Capital states that apart from the penalty, there is no material impact on its financial, operational, or other activities. The company intends to recover the penalty amount from the concerned clients.