Interactive Financial Services Ltd — Important, 22-05-2026: Company Update

Interactive Financial Services has received an Administrative Warning from SEBI regarding its role as a merchant banker. SEBI found its due diligence was inadequate concerning the Rachana Infrastructure Limited SME IPO. The prospectus listed a Rs 140 crore project, but IFSL's actual allocation in the joint venture was only 5% of that contract. This discrepancy meant the order book value was not truly or adequately disclosed. SEBI has cautioned the company to be more careful and improve future compliance standards. Interactive Financial Services stated this action has no material impact on its financial or operational activities.