IIFL Finance 31st AGM Approves Fundraising July 2026

Meeting Details

The 31st Annual General Meeting of IIFL Finance Limited was held on Friday, July 24, 2026, at 11:30 a.m. through Video Conferencing (VC). The meeting commenced at 11:30 a.m. and concluded at 12:50 p.m.

Attendance and Quorum

67 Members attended the Meeting through VC. The requisite quorum as required under Section 103 of the Companies Act, 2013 was present throughout the meeting.

Directors and Officials Present

• Mr. Bibhu Prasad Kanungo, Chairperson of the Board
• Mr. Nihar Jambusaria, Chairperson of the Audit Committee and Nomination and Remuneration Committee
• Mr. Bijou Kurien, Chairperson of the Stakeholders Relationship Committee and Corporate Social Responsibility Committee
• Other Directors (not named)
• Mr. R Venkataraman, Co-Promoter and Joint Managing Director
• Mr. Nirmal Jain, Managing Director
• Mr. Samrat Sanyal, Company Secretary & Compliance Officer

Leave of absence was granted to Mr. Gopalakrishnan Soundarajan, Non-Executive Director (DIN: 05242795), who was unable to attend due to prior commitments.

Other Attendees

Representatives of Joint Statutory Auditors and Secretarial Auditor of the Company were present.

Voting Process

The company provided facility for remote e-voting through MUFG Intime India Private Limited. The remote e-voting period commenced on Monday, July 20, 2026, at 9:00 a.m. (IST) and concluded on Thursday, July 23, 2026, at 5:00 p.m. (IST).

M/s. Nilesh Shah and Associates, Practicing Company Secretaries, were appointed as Scrutinizer for both remote e-voting and votes cast during the meeting under Section 108 of the Companies Act, 2013.

The e-voting window remained open for 15 minutes after the conclusion of the meeting for those who had not voted through remote e-voting.

Resolutions Considered and Approved

The following 15 resolutions were put to vote and approved:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY 2025-26 with Directors' and Auditors' Reports

2. Adoption of Audited Consolidated Financial Statements for FY 2025-26 with Auditors' Report

3. Appointment of Mr. Gopalakrishnan Soundarajan (DIN: 05242795) as a Director liable to retire by rotation

4. Appointment of M/s. Shah Gupta & Co., Chartered Accountants, as Joint Statutory Auditor and fixing their remuneration

Special Business:

5. Approval of issuance of Non-Convertible Securities on a private placement basis (Special Resolution)

6. Approval of payment of commission to Non-Executive Directors (Special Resolution)

7. Approval of material related party transactions with IIFL Home Finance Limited (Ordinary Resolution)

8. Approval of material related party transactions with IIFL Samasta Finance Limited (Ordinary Resolution)

9. Approval of material related party transactions with IIFL Facilities Services Limited (Ordinary Resolution)

10. Approval of material related party transactions with IIFL Management Services Limited (Ordinary Resolution)

11. Approval of material related party transactions with IIFL Capital Services Limited (formerly IIFL Securities Limited) (Ordinary Resolution)

12. Approval of material related party transactions between IIFL Home Finance Limited and IIFL Capital Services Limited (Ordinary Resolution)

13. Approval of material related party transactions between IIFL Samasta Finance Limited and IIFL Capital Services Limited (Ordinary Resolution)

14. Enhancement of borrowing limits under section 180(1)(c) of the Companies Act, 2013 (Special Resolution)

15. Enhancement of limits under Section 180(1)(a) of the Companies Act, 2013 (Special Resolution)

16. Raising of funds through Issue of Equity Shares or Other Eligible Securities by way of Qualified Institutions Placement (QIP), Follow-On Public Offer (FPO) or through any other permissible mode (Special Resolution)

Management Commentary

Mr. Bibhu Prasad Kanungo, Chairperson, reflected on the company's three-decade journey and highlighted key developments during FY 2025-26, including:

• Macroeconomic environment
• Company's business performance
• Portfolio strengthening initiatives
• Technology and risk management enhancements
• Performance of key businesses
• Strategic priorities for sustainable growth

Mr. Nirmal Jain, Managing Director, highlighted the company's strong operational and financial recovery during FY 2025-26, driven by:

• Disciplined growth
• Improved asset quality
• Strengthened risk framework
• Revival of gold loan franchise

He outlined the company's focus on secured lending, technology-led transformation, financial inclusion, and robust governance.

Auditor Report Status

The Statutory Auditors' Report does not contain any qualifications, observations, reservations, adverse remarks, or disclaimer on financial transactions or matters that have any adverse effect on the functioning of the Company.

Shareholder Participation

Out of 16 Members who registered as speaker shareholders, 10 members participated and asked questions which were responded to by Mr. Nirmal Jain.

Results Declaration Process

The Scrutinizer was to verify the remote e-voting and e-voting process and submit the Scrutinizer's Report to the Chairperson within two working days from the conclusion of the Meeting. Mr. Samrat Sanyal was authorized to accept, acknowledge, and countersign the Scrutinizer's Report.

The voting results were to be declared not later than two working days from the conclusion of the AGM and uploaded on the Company's website and submitted to NSE and BSE.