IIFL Capital Services approves subsidiary strike-off and transfer

IIFL Capital Services Limited's Board of Directors, in a meeting held on September 11, 2026, approved the strike-off or voluntary winding up of its wholly-owned subsidiary, IIFL Securities Services IFSC Limited. The subsidiary reported nil revenue and a net worth of ₹(2.09) lakh as of March 31, 2026, with no business operations commenced. Additionally, the Board approved the transfer of another wholly-owned subsidiary, India Infoline Foundation, to IIFL Finance Limited for a consideration of ₹10,000. The Foundation, a Section 8 company, does not conduct commercial activities and its financial statements are not consolidated.