IIFL Finance , through its material subsidiary IIFL Home Finance, has announced a significant change in its top leadership. The company has appointed Girish Kousgi as its new Managing Director and Chief Executive Officer, 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.

A Seasoned Leader at the Helm

Girish Kousgi brings nearly three decades of leadership experience in the banking and financial services sector to his new role at IIFL Home Finance. His appointment comes at a crucial time for the housing finance industry, which is poised for significant transformation and growth.

Responsibilities and Expertise

In his new position, Kousgi will be responsible for leading IIFL Home Finance's entire business operations, including:

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

Kousgi's expertise spans across various aspects of financial services:

• Asset and liability management
• Mortgages
• SME and Agri finance
• Retail lending
• Deposit products

Professional Background

Prior to joining IIFL Home Finance, Kousgi has held several prominent positions in the financial sector:

During his tenure at these organizations, Kousgi managed diverse portfolios across sales, credit, product, and risk functions, demonstrating his strategic acumen in various areas of financial services.

Vision for IIFL Home Finance

Commenting on his appointment, Girish Kousgi expressed his enthusiasm for joining IIFL Home Finance at this pivotal time. He stated, "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."

Kousgi also highlighted the potential for growth in the sector, mentioning, "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 Home Finance: A Snapshot

IIFL Home Finance has established itself as a leading player in the affordable housing finance sector:

The company focuses on underserved and emerging geographies, including suburbs of Tier 1 cities and Tier 2 to Tier 4 towns, with residential property serving as collateral.

With Girish Kousgi's appointment, IIFL Home Finance aims to further strengthen its leadership position in the affordable housing finance segment and accelerate its growth trajectory across business verticals. This strategic move aligns with the company's mission of making housing finance more accessible and affordable for aspiring homeowners across India.

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 signals the company's proactive approach to managing its debt obligations and potentially optimizing its capital structure.

Key Details of the Redemption

The company has provided the following information regarding the redemption:

Implications for Debenture Holders

IIFL Finance has emphasized that it is mandatory for debenture holders to offer their NCDs pursuant to this call option exercise. The redemption amount, including any accrued interest, will be paid to eligible debenture holders by crediting their bank accounts linked to their respective demat accounts.

Process and Timeline

1. Record Date: November 17, 2025 - Debenture holders on this date will be eligible for the redemption amount.
2. Redemption Date: December 03, 2025 - The date when the payment will be processed.
3. Payment Method: Direct credit to bank accounts associated with demat accounts of eligible debenture holders.

Financial Implications

By exercising this call option, IIFL Finance is effectively redeeming these NCDs approximately one year ahead of their original scheduled redemption date. This decision could potentially lead to:

1. Reduced interest expenses for the company
2. Improved debt-to-equity ratio
3. Enhanced financial flexibility for future capital raising activities

Conclusion

IIFL Finance's decision to exercise the call option on its NCDs Series D27 demonstrates the company's proactive approach to debt management. As the financial landscape continues to evolve, such strategic moves can play a crucial role in maintaining a robust and flexible capital structure.

Debenture holders are advised to take note of the important dates and ensure their bank account details linked to their demat accounts are up to date to facilitate smooth processing of the redemption amount.