IIFL Capital Services Limited’s Board of Directors met on October 28, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026. Key decisions included the appointment of Mr. Vasudev Jagannath as Additional and Whole-time Director, who will also be re-designated as Managing Director from January 1, 2027. The board also approved the incorporation of a wholly-owned subsidiary for NBFC business.
Board Meeting Outcomes
At a meeting held on October 28, 2026, the Board of Directors of IIFL Capital Services Limited approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company also announced strategic leadership changes and expansion plans.
Leadership Transition and NBFC Expansion
In a move aimed at ensuring a seamless leadership transition, Mr. Vasudev Jagannath has been appointed as an Additional Director and Whole-time Director (Key Managerial Personnel) for a period of three years. Effective January 1, 2027, Mr. Jagannath will also assume the role of Managing Director for a three-year term. This transition is intended to provide continuity to the company’s leadership and strategic priorities. Mr. R. Venkataraman will continue as a member of the Board of Directors.
Furthermore, the company received approval for the incorporation of a wholly-owned subsidiary to engage in Non-Banking Financial Company (NBFC) business activities, subject to regulatory approvals. This expansion into the NBFC sector signals a strategic diversification for IIFL Capital Services.
Financial Highlights (Unaudited)
The unaudited consolidated financial results for the half-year ended September 30, 2026, show a Profit After Tax of ₹31,078 Lakhs. For the same period, total revenue stood at ₹1,41,164.00 Lakhs. The consolidated balance sheet as of September 30, 2026, reported total assets of ₹12,13,076.95 Lakhs.
Standalone Financials
On a standalone basis, the profit after tax for the half-year ended September 30, 2026, was ₹31,113.09 Lakhs, with total revenue at ₹1,25,514.99 Lakhs. The standalone balance sheet as of September 30, 2026, showed total assets amounting to ₹11,62,639.25 Lakhs.
Auditor’s Review
The independent auditors, V. Sankar Aiyar & Co., have reviewed the consolidated and standalone unaudited financial results. They have issued an unmodified opinion, stating that based on their review, nothing has come to their attention to indicate that the accompanying financial statements contain any material misstatement.
Source: BSE
