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 has announced the appointment of Mr. Girish Kousgi as the new Managing Director and Chief Executive Officer of its material subsidiary, IIFL Home Finance, effective October 30, 2025. This strategic move aims to strengthen IIFL Home Finance's position in the affordable housing finance segment and accelerate growth across its business verticals.

Experienced Leader at the Helm

Mr. Kousgi brings nearly three decades of leadership experience in the banking and financial services sector to his new role. His impressive track record includes driving business growth, managing large teams, and building profitable retail lending franchises. Prior to joining IIFL Home Finance, Mr. Kousgi served as MD & CEO of PNB Housing Finance Limited and Can Fin Homes, where he led strategic transformations that enhanced profitability and operational efficiency.

Comprehensive Expertise

With his extensive background, Mr. Kousgi will oversee IIFL Home Finance's entire business operations, including:

• Home loans
• Non-home loan segment
• MSME loans
• Construction finance

His expertise spans asset and liability management, with deep domain knowledge in mortgages, SME and Agri finance, retail lending, and deposit products.

Strategic Vision for Growth

Commenting on his appointment, Mr. Kousgi said, "I am honoured to join IIFL Home Finance at a pivotal time for the housing finance industry, which is on the cusp of significant transformation and growth. I look forward to contributing to the Company's mission of making housing finance more accessible and affordable for every aspiring Indian homeowner."

He added, "With the continued momentum from initiatives like PMAY 2.0 and other government-led housing programs, we are well-positioned to offer tailored financial solutions to the EWS and LIG segments, helping more families realise their dream of owning a home."

IIFL Group's Confidence

Mr. Nirmal Jain, Founder of IIFL Group, expressed confidence in the appointment, stating, "We are delighted to welcome Girish to the IIFL Group. His vast experience and deep domain expertise in housing finance and retail lending come at an inflection point for the sector. With his strategic insight and our shared values of fairness, integrity, and transparency, I am confident that IIFL Home Finance will strengthen its foundation, expand responsibly, and create enduring value for customers and stakeholders."

IIFL Home Finance: A Leader in Affordable Housing

IIFL Home Finance has established itself as a technology-driven, retail-focused housing finance company dedicated to supporting first-time homebuyers from the Economically Weaker Sections (EWS) and Low-Income Groups (LIG) in India. As of March 2025, the company has served over 4.54 lakh customers since inception, including:

Operating through a network of 376 branches across 18 states, IIFL Home Finance focuses on underserved and emerging geographies, including the suburbs of Tier 1 cities and Tier 2 to Tier 4 towns.

With Mr. Kousgi's appointment, IIFL Home Finance is poised to further strengthen its market position and continue its mission of making housing finance more accessible and affordable for aspiring homeowners across India.