IIFL Finance Limited has received a penalty order of ₹15.05 lakhs from the Assistant Commissioner GST Delhi on January 2, 2026. The penalty was imposed for alleged non-payment of tax over exempt supplies for the financial year April 2021 to March 2022. The company has informed the stock exchanges about this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Penalty Details

The order was passed under relevant provisions of the Central Goods and Services Tax Act, 2017 and Section 73 of Delhi Goods and Services Tax Act, 2017. The penalty amount stands at ₹15,04,508 (Rupees Fifteen Lakhs Four Thousand Five Hundred and Eight Only). The issuing authority is the Assistant Commissioner/GSTO Ward 55, Zone 3, Delhi.

Company's Response and Next Steps

IIFL Finance Limited has stated its intention to file an appeal against the penalty order with the relevant appellate authority within the stipulated time frame. The company has assessed that there is no material impact on its financials, operations or other activities due to this penalty.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and The National Stock Exchange of India Limited about this development. The intimation was made pursuant to provisions of Regulation 30 read with Para A Part A of Schedule III of the Listing Regulations, 2015. The disclosure includes all required details as mandated under Schedule III of the Listing Regulations, 2015.

Financial Impact Assessment

According to the company's statement, the GST penalty of ₹15.05 lakhs is not expected to have any material impact on IIFL Finance's financial position, operational activities, or other business functions. This assessment suggests that the penalty amount is manageable within the company's current financial framework.

IIFL Finance has successfully completed the allotment of non-convertible debentures (NCDs) worth ₹800 crore through private placement on December 30, 2025. The Finance Committee of the Board of Directors approved the comprehensive debenture issuance across three distinct series, each designed to meet different investor requirements and tenure preferences.

Debenture Allotment Details

The NCD allotment was structured across three series under the company's D35 and PDI-2 programs, offering investors varied tenure and interest rate options.

Interest Payment Structure

The debentures feature differentiated interest payment schedules tailored to each series. The D35 Option A-I series offers monthly interest payments starting January 30, 2026, while both D35 Option A-II and PDI-2 Option B series follow annual interest payment schedules beginning December 30, 2026.

Maturity and Redemption Terms

The debenture series have staggered maturity profiles to provide portfolio diversification. The D35 Option A-I series matures on December 30, 2032, while the D35 Option A-II series extends to December 30, 2035. The perpetual debentures under PDI-2 Option B have no fixed maturity but include a call option exercisable by the company after 10 years, subject to RBI approval.

Regulatory Compliance and Listing

All debenture series are structured as subordinated, unsecured, listed, and rated instruments issued in dematerialized form. The debentures will be listed on the National Stock Exchange of India Limited, ensuring liquidity for investors. The issuance complies with SEBI Listing Regulations 30 & 51, with comprehensive disclosure requirements fulfilled.

Default Protection Mechanism

The debentures include investor protection through additional interest provisions. In case of any event of default, including payment delays beyond due dates, the company will pay additional interest at 2.00% per annum over the applicable coupon rate until the default is resolved to the satisfaction of the debenture trustee.