StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting15 Oct 2026, 04:05 pm

IIFL Finance Board Approves Financial Results & Director Re-designation

AI Summary

IIFL Finance Limited's Board of Directors met on October 15, 2026, to approve the consolidated and standalone unaudited financial results for the quarter and half-year ended September 30, 2026. The board also approved the re-designation of Mr. R Venkataraman from Joint Managing Director to Non-Executive Non-Independent Director, subject to member approval. Additionally, the company proposed to acquire India Infoline Foundation from IIFL Capital Services Limited, pending regulatory approvals. Disclosures regarding financial results, security cover, and utilization of issue proceeds were also made.

Key Highlights

  • Board approved Q2 FY27 unaudited financial results.
  • Mr. R Venkataraman re-designated to Non-Executive Director.
  • Proposal to acquire India Infoline Foundation approved.
  • Disclosures on security cover and proceeds utilization filed.