IIFL Finance Receives CRISIL Rating Assignment and Reaffirmation Across Multiple Instruments

IIFL Finance Limited has announced comprehensive credit rating updates from CRISIL Ratings Limited, reflecting the company's robust financial position across multiple debt instruments. The rating agency has assigned new ratings while reaffirming existing ones, providing a stable outlook for the company's credit profile.

Credit Rating Assignment and Reaffirmation Details

CRISIL Ratings Limited has taken several rating actions for IIFL Finance Limited, covering a broad spectrum of the company's debt instruments. The rating agency assigned a fresh CRISIL AA/Stable rating for Non-Convertible Debentures amounting to Rs. 2,000 crore, indicating strong creditworthiness for this new issuance.

Instrument Type	Rating	Amount	Action
Non-Convertible Debentures	CRISIL AA/Stable	Rs. 2,000 crore	Assigned
Bank Loan Facilities	CRISIL AA/Stable	Rs. 9,500 crore	Reaffirmed
Non-Convertible Debentures	CRISIL AA/Stable	Rs. 10,531.53 crore	Reaffirmed
Commercial Paper	CRISIL A1+	Not specified	Reaffirmed

Specialized Instrument Ratings

The rating agency also addressed specialized financial instruments in its assessment. CRISIL reaffirmed CRISIL PPMLD AA/Stable rating for Long Term Principal Protected Market Linked Debentures, demonstrating confidence in the company's structured product offerings. Additionally, the agency maintained CRISIL AA-/Stable rating for Perpetual Bonds, reflecting stable credit quality for these hybrid instruments.

Regulatory Compliance and Disclosure

The rating announcement was made in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Samrat Sanyal signed the disclosure document on March 25, 2026, ensuring timely communication to stock exchanges.

Market Implications

The comprehensive rating reaffirmation across multiple instruments totaling over Rs. 22,000 crore in bank facilities and debentures underscores IIFL Finance's strong credit standing. The stable outlook across all rated instruments indicates CRISIL's confidence in the company's ability to maintain its current credit quality. The A1+ rating for Commercial Paper, the highest short-term rating, reflects excellent liquidity management and short-term creditworthiness.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.84%	-1.54%	-7.59%	+5.10%	+37.77%	+60.86%

IIFL Finance conducted an Extra-Ordinary General Meeting on March 20, 2026, through video conferencing to address material modifications to existing related party transactions. The meeting saw participation from 62 members and successfully passed the resolution with overwhelming shareholder support.

Meeting Overview and Attendance

The Extra-Ordinary General Meeting was held via video conferencing with the deemed venue being the company's registered office. Key details of the meeting are presented below:

Parameter:	Details
Date and Time:	Friday, March 20, 2026, at 11:00 a.m.
Meeting Duration:	11:00 a.m. to 11:38 a.m.
Members Attending:	62 Members
Meeting Format:	Video Conferencing
Quorum Status:	Maintained throughout as per Section 103
Total Shareholders on Record:	1,33,407

The meeting was conducted in accordance with Ministry of Corporate Affairs circulars that permit holding EGMs through video conferencing without physical presence of members at a common venue. Company Secretary & Compliance Officer Samrat Sanyal welcomed the members and provided essential instructions for participation through the virtual platform.

Voting Results and Shareholder Response

The resolution regarding material modification to existing related party transactions with IIFL Home Finance Limited received overwhelming shareholder approval. The detailed voting results demonstrate strong investor confidence:

Voting Category:	Votes Polled	Percentage of Outstanding	Votes in Favor	Votes Against	Approval Rate
Public Institutions:	10,13,47,511	66.81%	10,03,44,576	10,02,935	99.01%
Public Non-Institutions:	2,44,72,445	14.57%	2,44,72,298	147	100.00%
Total Voting:	12,58,19,956	29.58%	12,48,16,874	10,03,082	99.20%

Notably, the Promoter and Promoter Group, holding 10,56,74,667 shares, abstained from voting on this resolution as they were interested parties in the agenda.

E-Voting Process and Compliance

The company facilitated comprehensive voting arrangements for shareholders through both remote e-voting and live e-voting during the meeting. M/s Nilesh Shah and Associates, Practicing Company Secretaries, were appointed as Scrutinizer for the voting process in accordance with Section 108 of the Companies Act.

Voting Parameter:	Details
Remote E-voting Period:	March 16, 2026 (9:00 a.m.) to March 19, 2026 (5:00 p.m.)
E-voting Provider:	MUFG Intime India Private Limited
Live E-voting Duration:	15 minutes after meeting conclusion
Total Shares Outstanding:	42,52,85,218
Scrutinizer:	Nilesh Shah & Associates (FCS 4554)

The remote e-voting process recorded 292 members voting in favor with 12,48,16,805 votes, while 25 members voted against with 10,03,070 votes. Additionally, 7 members participated in live e-voting during the meeting.

Regulatory Compliance and Documentation

The meeting was conducted pursuant to Regulations 30 and 51 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The Scrutinizer's Report confirmed that the resolution secured the requisite majority of votes and recommended that it be considered passed. All requisite statutory registers and relevant documents were made available for electronic inspection, and the proceedings summary was formally communicated to BSE Limited, The National Stock Exchange of India Limited, and India International Exchange (IFSC) Limited, ensuring complete regulatory compliance and transparency in corporate governance practices.