IIFL Finance Limited has announced the allotment of equity shares to its employees under the Employee Stock Option Scheme (ESOP). The company's Nomination and Remuneration Committee approved this corporate action through a formal resolution process.

ESOP Allotment Details

The Nomination and Remuneration Committee of IIFL Finance's Board of Directors approved the allotment through a Circular Resolution dated March 18, 2026. The committee sanctioned the issuance of equity shares to employees who exercised their stock options under the company's Employee Stock Option Scheme.

Regulatory Compliance

The company has informed both major stock exchanges about this allotment. IIFL Finance communicated the details to BSE Limited, where it trades under scrip code 532636, and The National Stock Exchange of India Limited, where it is listed under the symbol IIFL. The notification was signed by Samrat Sanyal, Company Secretary & Compliance Officer, ensuring proper regulatory compliance.

Corporate Communication

The formal communication was digitally signed and dated March 18, 2026, at 15:13:49 +05'30' from Mumbai. The company also copied India International Exchange (IFSC) Limited on this notification, demonstrating comprehensive stakeholder communication. This allotment represents the standard process of converting employee stock options into equity shares, providing employees with ownership stakes in the company.

IIFL Finance Limited has successfully completed the allotment of non-convertible debentures worth ₹500,00,00,000 under its Series D36 issuance. The Finance Committee of the Board of Directors approved this significant fundraising initiative through a resolution dated March 10, 2026, following regulatory compliance under SEBI Listing Regulations.

Debenture Allotment Details

The company has allotted 50,000 senior, secured, listed, rated, redeemable non-convertible debentures on private placement basis. Each debenture carries a face value of ₹1,00,000, collectively raising ₹500 crores for the financial services company.

Interest Rate and Tenure Structure

The debentures offer an attractive coupon rate of 8.60% per annum with a tenure of 379 days from the deemed date of allotment. The instruments were allotted on March 10, 2026, and are scheduled to mature on March 24, 2027.

Security and Listing Arrangements

The NCDs are secured by a first ranking pari passu charge over all current, standard and performing book debts, loans and advances, and current assets/receivables of the company. This security cover includes receivables from various loan portfolios including gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property.

The debentures are proposed to be listed on the National Stock Exchange of India Limited, providing liquidity options for investors. Each debenture will be redeemed at ₹1,00,000 per debenture on maturity along with cumulative accrued interest.

Default Protection Mechanism

The debenture structure includes investor protection measures in case of payment delays. If there is any delay in payment of interest or principal for more than three months from the due date, the company will pay additional interest at 2% per annum over and above the coupon rate. This additional interest will be applicable from the date of default until the event of default is cured to the satisfaction of the Debenture Trustee.

Source: None/Company/INE530B01024/25dd5dde-5c93-4b23-8f4d-d8bcb952784f.pdf