IIFL Capital Fined ₹51.26 Lakhs by BSE for Reversal Trades

IIFL Capital Services Ltd has been levied a monetary penalty of ₹51,26,469.88 by BSE Limited for alleged abnormal/non-genuine reversal trades. The penalty stems from certain client transactions construed as violations of exchange regulations. The company received the order on October 7, 2026. IIFL Capital states that apart from this penalty, there is no material impact on its financial, operational, or other activities, and the amount is to be recovered from the concerned clients.