IIFL Finance Limited , a leading non-banking financial company, has reported robust financial results for the first quarter of fiscal year 2026, along with significant leadership restructuring.

Financial Performance

For the quarter ended June 30, 2025, IIFL Finance posted a consolidated net profit of ₹274.17 crore, showcasing the company's strong financial position. The consolidated total income reached ₹2,959.30 crore, indicating substantial growth in the company's revenue streams.

On a standalone basis, the company reported a net profit of ₹132.77 crore and a total income of ₹1,485.56 crore for the same period.

Key Financial Metrics

The company's performance is further underscored by impressive financial ratios:

Leadership Restructuring

Alongside its financial results, IIFL Finance announced several key leadership changes:

1. Mayank Sharma has been re-designated as the Chief AI & Innovation Officer. With nearly 30 years of professional experience, including over 25 years with the IIFL Group, Mr. Sharma will now lead AI and digital transformation initiatives to enhance business scalability and operational efficiency.

2. K S Praveen has been appointed as the Head of Internal Audit. Mr. Praveen brings over 22 years of rich experience in the Banking and Financial Services sector, including 19 years with the Reserve Bank of India.

3. Binay Kumar Mishra joins as the Head of Legal. With over 21 years of experience in the legal and regulatory domain, Mr. Mishra's expertise includes litigation strategy, regulatory compliance, and corporate advisory.

Business Expansion

During the quarter, IIFL Finance continued to expand its operations. The company allotted 4,13,897 equity shares under its employee stock option schemes, reflecting its commitment to employee engagement and retention.

Regulatory Compliance

IIFL Finance maintains a strong focus on regulatory compliance. The company's Secured Non-Convertible Debentures are backed by a first pari passu charge on receivables, ensuring a security cover of 100% or higher as per the terms of the offer document.

Nirmal Jain, Managing Director of IIFL Finance, stated, "Our Q1 FY26 results demonstrate IIFL Finance's resilience and growth potential. The strategic leadership changes will further strengthen our position in the market and drive innovation in our services."

As IIFL Finance continues to navigate the dynamic financial landscape, these results and organizational changes position the company for sustained growth and innovation in the coming quarters.

IIFL Finance Limited , a prominent player in the Indian financial services sector, has announced a significant change in its board composition. Arun Kumar Purwar, who served as a Non-Executive Director, has retired from his position effective July 18, 2025.

Shareholder Approval and AGM Details

The retirement of Mr. Purwar was approved by the shareholders at IIFL Finance's Annual General Meeting (AGM) held on July 18, 2025. The decision was passed with the requisite majority, adhering to the company's governance procedures. This board change occurred as part of the routine rotation of directors at the AGM.

Official Communication and Regulatory Compliance

IIFL Finance has duly informed the stock exchanges about this development, aligning with the regulatory requirements for listed companies. The company filed an official intimation under Regulation 30 of the SEBI Listing Regulations, providing details of Mr. Purwar's retirement in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

AGM Proceedings

The 30th AGM of IIFL Finance Limited was conducted through video conferencing. The company addressed various resolutions during this meeting, including the adoption of financial statements and the appointment of directors.

Voting Results

The retirement of Mr. Arun Kumar Purwar received overwhelming support from the shareholders. The voting results show:

The resolution passed with 99.99% of the valid votes cast in favor of Mr. Purwar's retirement.

This board change marks a transition for IIFL Finance as it continues to evolve its leadership structure. The company's prompt disclosure and adherence to regulatory norms demonstrate its commitment to corporate governance and transparency in its operations.