IIFL Finance Limited has announced that its Finance Committee of the Board of Directors will convene on Tuesday, February 24, 2026. The primary agenda is to consider and approve the terms and conditions for a proposed issuance of Non-Convertible Debentures (NCDs) via private placement. This potential issuance aims to raise funds up to a maximum limit of Rs. 10,000 crores, building upon a prior intimation made in May 2025.
Key Date for Fundraising Approval
IIFL Finance Limited has formally notified the stock exchanges regarding an upcoming board meeting specifically focused on corporate finance activities. The meeting of the Finance Committee of the Board of Directors is scheduled to take place on Tuesday, February 24, 2026.
Purpose: Proposed NCD Issuance
The critical item on the agenda is to review and grant final approval for the terms and conditions related to the issuance of Non-Convertible Debentures (NCDs). This debt instrument issuance will be executed on a private placement basis.
Fundraising Limit Confirmed
The proposed issuance forms part of an existing framework previously disclosed on May 08, 2025. The total limit authorized for raising funds through this instrument remains up to a maximum cap of Rs. 10,000 crores.
Official Confirmation
The announcement was made official from Mumbai on February 19, 2026, and signed by Samrat Sanyal, Company Secretary & Compliance Officer for IIFL Finance Limited.
Source: BSE
