IIFL Finance Limited , a prominent player in the Indian financial services sector, has announced its decision to exercise the call option on its Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) Series D27. This move signifies a strategic financial maneuver by the company, potentially aimed at managing its debt structure.

Key Details of the Redemption

Redemption Process

IIFL Finance has set November 17, 2025, as the record date for determining eligible debenture holders. The company plans to pay the call option price along with accrued interest to these holders. It's important to note that all NCDs under this series will be fully extinguished following the redemption payment.

Corporate Communication

In line with regulatory requirements, IIFL Finance has sent notices to eligible debenture holders and informed the stock exchanges about this development. The company has adhered to the Securities and Exchange Board of India (SEBI) regulations, specifically:

• Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Regulation 15 of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021

Investor Information

For transparency and ease of access, IIFL Finance has made the notice sent to eligible debenture holders available on its official website, www.iifl.com . This allows all stakeholders to review the details of the call option exercise.

This move by IIFL Finance demonstrates the company's proactive approach to managing its financial instruments. The redemption may impact the company's overall debt profile and financial strategy going forward.

IIFL Finance , a leading retail-focused diversified NBFC in India, has reported strong financial results for the quarter ended September 30, 2023. The company's consolidated net profit after tax stood at Rs 417.94 crore, marking a significant 61% increase from Rs 258.11 crore in the previous quarter.

Financial Highlights

• Total income for the half year increased to Rs 6,268.46 crore from Rs 5,193.74 crore in the corresponding period.
• The company's loan book grew to Rs 60,150.58 crore from Rs 55,364.26 crore.
• IIFL Finance maintains a debt-equity ratio of 4.18.
• Gross Non-Performing Assets (GNPA) stood at 2.14%, with Net Non-Performing Assets (NNPA) at 1.02%.

Key Management Appointments

The board has approved amendments to the insider trading code and made key management appointments:

• Mr. Pranav Dholakia has been re-designated as Head of Construction and Real Estate.
• Mr. Rahul Sanklecha has been appointed as Chief Risk Officer.

Both appointments are effective from November 1, 2023.

Business Operations

IIFL Finance, along with its subsidiaries, offers a wide range of products including home loans, gold loans, business loans, microfinance, capital market finance, and developer & construction finance. The company serves customers through its network of branches and digital channels across India.

Financial Performance

The significant increase in profitability and substantial growth in the loan book reflect IIFL Finance's performance in the quarter. The company's diverse product portfolio and customer base contribute to its position in the Indian financial services sector.