IFCI Limited has received a Company Petition from the Serious Fraud Investigation Office (SFIO) following an order dated March 12, 2026, passed by the Hon'ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi.

NCLT Order and Petition Details

The Company Petition bearing number CP 34/241-242/PB/2026 was filed by the Union of India through SFIO before the NCLT against various parties, including IFCI Limited. The petition is connected to an investigation report dated November 16, 2022, filed by SFIO.

Financial Exposure and Provisioning

The facilities mentioned in the investigation report were sanctioned and disbursed by IFCI Limited prior to the close of Financial Year 2016-2017. The company has disclosed that the corresponding exposures have either been resolved or are under resolution.

Regulatory Compliance and Disclosure

IFCI Limited has made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company conducted a prima facie assessment to determine disclosure requirements following receipt of the petition.

Company Response

The company has stated that it is in the process of taking appropriate course of action regarding the matter. Several documents mentioned in the communications have not been obtained as of the disclosure date. The expected financial implications due to compensation or penalty remain sub-judice.

Market Implications

This development represents a continuation of the regulatory scrutiny that began with the SFIO investigation report in 2022. The formal petition filing through NCLT marks a significant procedural advancement in the matter, with potential implications for the government-owned financial institution.

IFCI Limited has issued a formal clarification to BSE Limited addressing concerns about unusual trading activity in the company's securities. The response comes after BSE's surveillance department raised queries about significant volume increases observed across exchanges.

BSE Surveillance Query

The BSE surveillance department, through letter number L/SURV/ONL/PV/SG/2025-2026/979 dated March 16, 2026, sought clarification from IFCI Limited regarding the notable increase in trading volume of the company's securities. The query was part of BSE's routine surveillance mechanism to monitor unusual market movements.

Company's Response

IFCI Limited, through its Company Secretary and Compliance Officer Priyanka Sharma, provided a clear response to the exchange's inquiry:

Official Statement

The company categorically stated that there is no information or event in its possession that would have a bearing on the movement in price or volume behavior of the company's security. This standard response indicates that the volume surge was not driven by any company-specific developments or material information.

Corporate Details

IFCI Limited, established in 1948, operates from its registered office at IFCI Tower, 61 Nehru Place, New Delhi. The company has been contributing to the nation's development for over seven decades and maintains transparency in its communications with stock exchanges and regulatory authorities.