India Finsec Ltd — Board Meeting, 07-08-2025: Board Meeting
07-08-2025 | 08:57 pm
07-08-2025 | 08:57 pm
India Finsec's Board has approved the financial results for the quarter and half-year. The company announced a significant strategic shift: RBI has approved its transition from an NBFC-ICC to an unregistered Core Investment Company. This enables its subsidiary, IFL Finance, to convert from a Housing Finance Company to an NBFC-ICC, a move already approved by RBI. For the quarter, consolidated total income was Rs 18.69 Cr, with profit after tax at Rs 5.36 Cr. This corporate restructuring aims to streamline the group's financial operations and regulatory classifications, impacting future business focus.
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