IIFL Finance Limited — Others, 08-05-2025: Change in Auditors

IIFL Finance has announced a board meeting outcome approving the audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2025. Consolidated net profit stood at ₹251.36 crore for the quarter and ₹578.16 crore for the year, with a debt-equity ratio of 3.66 and net worth of ₹12,139.54 crore. Standalone results showed a quarterly net profit of ₹38.42 crore and a loss of ₹409.57 crore for the year. The board ratified excess remuneration of ₹9.88 crore paid to the Managing Director, pending shareholder approval, and approved raising up to ₹10,000 crore via non-convertible securities. Nilesh Shah and Associates was appointed as Secretarial Auditor, subject to approval. Chairperson Arun Kumar Purwar will retire by rotation and not seek reappointment. The company is cooperating with an Income Tax Department search with no material financial impact so far. Recent debt issuances include USD notes under a $1 billion Global Medium Term Note Programme and ₹100 crore unsecured debentures now listed on NSE and BSE. Fund utilization remains on track, security cover for debentures is maintained, and recovery ratings for security receipts indicate strong prospects.