Details of SEBI Order
The Company received an Adjudication Order from the Securities and Exchange Board of India (SEBI) dated October 13, 2026, which was received by the Company on the same day (October 13, 2026). The order imposes a monetary penalty of ₹2,00,000 (Rupees Two Lakhs Only) on the Company under Section 15HB of the SEBI Act, 1992.
Violations and Background
The penalty stems from an inspection of the Company's Online Bond Platform Provider (OBPP) activities covering the period from July 26, 2024 to March 31, 2025. SEBI observed two specific violations:
1. Failure to ensure routing of certain orders relating to listed debt securities through the Request for Quote (RFQ) platform of a recognised stock exchange
2. Failure to execute agreements with certain third-party sellers in accordance with the applicable SEBI regulatory framework governing OBPPs
Company's Response and Current Status
The disclosure notes that the Company has discontinued using the existing platform, and a new version of the platform that complies with SEBI guidelines is under implementation. The agreements with the third-party sellers have also been executed.
Financial and Operational Impact
The Company states that apart from the monetary penalty of ₹2,00,000, there is no material impact on its financial, operational or other activities.
Filing Details
- BSE Scrip Code: 542773
- NSE Symbol: IIFLCAPS
- Regulatory Reference: Regulation 30 of SEBI Listing Regulations