IIFL Finance Approves Issuance of Non-Convertible Perpetual Debentures Worth Up to INR 200 Crore on Private Placement Basis

IIFL Finance Limited's Finance Committee, at its meeting held on May 15, 2026, approved the terms and conditions for the issuance of Listed, Unsecured, Non-Convertible Perpetual Debentures (NCDs) on a private placement basis. This intimation was made pursuant to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows an earlier intimation dated May 12, 2026. The disclosure was filed in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Issue Details

The proposed issuance involves up to 200 NCDs, aggregating to a total issue size of up to INR 200 crore, with each NCD carrying a face value of INR 1,00,00,000. The debentures are to be issued in one or multiple tranches and are proposed to be listed on the National Stock Exchange of India Limited. The following table summarises the key parameters of the issue:

Parameter:	Details
Type of Securities:	Listed, Unsecured, Non-Convertible Perpetual Debentures
Type of Issuance:	Private Placement
Total Number of Securities:	Up to 200 NCDs
Size of Issue:	Up to INR 200 crore (up to 200 NCDs of face value of INR 1,00,00,000 each)
Proposed to be Listed:	Yes
Name of Stock Exchange(s):	National Stock Exchange of India Limited
Tenure of the Instrument:	Perpetual
Date of Allotment and Date of Maturity:	As per relevant Key Information Document
Coupon/Interest:	As per relevant Key Information Document
Security:	Not Applicable

Redemption and Default Provisions

Given the perpetual nature of the NCDs, standard redemption terms are not applicable. However, IIFL Finance retains the right to exercise a call option after the expiry of at least 10 years from the deemed date of allotment, subject to prior approval from the Reserve Bank of India. The table below outlines the key provisions related to default and redemption:

Provision:	Details
Additional Interest on Default:	2% p.a. over and above the Coupon Rate for the period from the date of occurrence of the Event of Default until it is cured to the satisfaction of the Debenture Trustee
Redemption of Debentures:	Not applicable; NCDs are perpetual in nature, subject to call option exercisable after at least 10 years from deemed date of allotment with prior RBI approval

In the event of a delay in payment of interest or coupon and/or redemption of principal on due dates, the company is required to pay additional interest at the rate of 2% p.a. over and above the applicable Coupon Rate. This additional interest accrues from the date of occurrence of the Event of Default until the default is cured to the satisfaction of the Debenture Trustee, acting on the instructions of the Debenture Holders.

Regulatory Compliance

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited, and has also been uploaded on the company's website at www.iifl.com . The filing was signed by Samrat Sanyal, Company Secretary & Compliance Officer, on May 15, 2026, from Mumbai. A copy of the intimation was also marked to India International Exchange (IFSC) Limited, GIFT City, Gandhinagar, Gujarat.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.11%	+0.14%	+3.66%	-15.06%	+12.54%	+77.41%

IIFL Finance witnessed three notable block trades on the National Stock Exchange (NSE), with the transactions collectively covering approximately 2,974,208 shares and aggregating to a combined deal value of Rs. 142.65 crores. The trades were executed at prices of Rs. 482.10, Rs. 482.40, and Rs. 466.20 per share respectively, reflecting sustained institutional activity in the company's stock.

Block Trade Details

The three transactions reflect sizeable single-deal exchanges of shares on the NSE. The key parameters of all block trades are summarised below:

Parameter:	Trade 1	Trade 2	Trade 3
Exchange:	NSE	NSE	NSE
Number of Shares:	~2,038,986	~464,223	~470,999
Trade Price:	Rs. 482.10 per share	Rs. 482.40 per share	Rs. 466.20 per share
Total Trade Value:	Rs. 98.30 crores	Rs. 22.39 crores	Rs. 21.96 crores

Significance of the Transactions

Block trades involve the purchase or sale of a large number of shares in a single transaction, typically executed by institutional investors or large market participants. The three IIFL Finance block trades on the NSE — valued at Rs. 98.30 crores for approximately 2,038,986 shares, Rs. 22.39 crores for approximately 464,223 shares, and Rs. 21.96 crores for approximately 470,999 shares — underscore the continued institutional interest in the company's stock.