IIFL Capital Fined ₹3.2 Lakhs by MCX for AP Violations

IIFL Capital Services Ltd has been penalized ₹3,20,000 by the Multi Commodity Exchange of India Limited (MCX). The penalty arises from an inspection of the company's Authorised Persons (APs) for the period April 1, 2024, to March 31, 2025. The fines include ₹1,00,000 each on three APs for issues related to fund and security movements, and ₹20,000 for deficiencies in the inspection of one AP, such as non-coverage of prescribed scope. The company stated that apart from the monetary penalty, there is no material impact on its financial or operational activities. The penalty letters were received on July 24, 2026.