IIFL Capital Services Limited has been penalized ₹34,29,000/- by the National Stock Exchange (NSE) for breaches related to specific client transactions deemed non-genuine under NSE regulations. The penalty stems from violations concerning Regulations 4.5.4(c)(i) and 4.6 of the NSEIL Capital Market Segment rules. The company confirmed receiving the order on February 12, 2026, and stated that the amount will be recovered from the associated franchise and clients. IIFL confirmed no material impact on its overall operations or financials resulting from this penalty.
Regulatory Action Confirmed by IIFL Capital
IIFL Capital Services Limited (formerly IIFL Securities Limited) has formally disclosed receiving an official order from the National Stock Exchange of India Limited (NSE) concerning regulatory non-compliance. This disclosure was made pursuant to Regulation 30 requirements, dated February 13, 2026.
Details of the Imposed Penalty
The disciplinary action was taken by the NSE Member Committee (“MC”). The committee imposed a monetary penalty amounting to ₹34,29,000/-. This action was based on a prior Exchange Circular (No. NSE/INVG/2020/46662) dated December 16, 2020.
The penalty relates to alleged contraventions involving transactions executed by clients via the Company’s franchise. These transactions were construed as non-genuine under NSE circulars and specifically violated Regulations 4.5.4(c)(i) and 4.6 of the NSEIL (Capital Market Segment) Regulations.
Financial and Operational Impact
Regarding the financial implications, the imposed penalty of ₹34,29,000/- is noted by the Company. IIFL Capital confirmed that this penalty amount shall be recovered from the concerned franchise and clients involved in the impugned transactions. Importantly, the Company explicitly stated that, apart from this monetary charge, there is no material impact on the financial, operational, or other core activities of the listed entity.
The date of receipt of the official direction or order from the authority was February 12, 2026.
Source: BSE
