IIFL Capital Services Limited (formerly known as IIFL Securities Limited) has confirmed that its promoters, promoter group members, and persons acting in concert did not create any encumbrance on their shareholding during the financial year ended March 31, 2026. The disclosure was made to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation was submitted by Mr. Nirmal Bhanwarlal Jain and Mr. Venkataraman Rajamani, promoters of the company, on behalf of all relevant parties. The filing detailed the specific entities falling under the promoter and promoter group categories, ensuring transparency regarding the status of their holdings.

The list of promoters and promoter group members includes individuals and trusts. Nirmal Bhanwarlal Jain and Venkataraman Rajamani are identified as promoters. The promoter group comprises entities such as Madhu N Jain, Mansukhlal Jain & Pritesh Mehta (as trustees of Nirmal Madhu Family Private Trust), and Aditi Avinash Athavankar (as trustee of Kalki Family Private Trust).

Other entities listed under the promoter group category include Aditi Athavankar, Orpheus Trading Pvt Ltd, and Ardent Impex Pvt Ltd. The disclosure confirms that none of these entities created any direct or indirect encumbrance on their shares during the specified period.

Promoter and Promoter Group Details

IIFL Capital Services has been penalized ₹2,14,858 by the Reserve Bank of India (RBI) for violating regulations under the Foreign Exchange Management Act (FEMA), 1999. The central bank's Foreign Exchange Department in Mumbai issued the compounding order on June 30, 2026, concluding proceedings against the financial services firm for procedural lapses in its overseas investment activities.

The RBI found that the company contravened Regulation 9(3) of FEMA 400 by repatriating disinvestment proceeds through a non-designated Authorised Dealer (AD) Bank. Additionally, the regulator cited a breach of Regulation 15(iii) of FEMA 120/RB-2004 due to the delayed submission of seven Annual Performance Reports (APRs) related to its overseas direct investment in a foreign entity.

In its filing to the stock exchanges, the company clarified that aside from the monetary penalty, there is no material impact on its financial, operational, or other activities. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.