General Announcement::Outcome of the Board Meeting held on January 30, 2023

Issuer & Securities

Issuer/ Manager
IIFL FINANCE LIMITED
Securities
IIFL FINANCE US$400M5.875%N230420 - XS2113454115 - Y5BB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Jan-2023 21:03:31
Status
New
Announcement Sub Title
Outcome of the Board Meeting held on January 30, 2023
Announcement Reference
SG230130OTHRHKA3
Submitted By (Co./ Ind. Name)
IIFL Finance Limited/Sneha Patwardhan
Designation
Company Secretary
Effective Date and Time of the event
30/01/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ), the Board of Directors of the Company at its meeting, held today, has inter alia, considered and approved:
1. The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2022.
2. Interim Dividend of Rs. 4/- per equity share of the face value of Rs. 2/- each for the financial year 2022-23. Pursuant to the provisions of Regulations 42 of the Listing Regulations, the Board has fixed Tuesday, February 07, 2023 as record date. The said interim dividend will be paid/dispatched on or before February 28, 2023.
3. Based on the Recommendation of the Audit Committee, the Board has appointed M/s. Deloitte Touche Tohmatsu India LLP, to assist the internal audit team of the Company to conduct risk based Internal Audit for the financial year 2023-24. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No.
CIR/CFD/CMD/4/2015 dated September 09, 2015, is enclosed herewith as Annexure-A .
4. Approved an Investment in the Right Issue of equity shares of IIFL Samasta Finance Limited, a subsidiary of the Company for an amount upto Rs. 200 Crore. The shareholding of the Company in Samasta is expected to remain the same.
5. Accordingly, with regard to aforesaid Serial No. 1, we are enclosing the following:
i. The Unaudited Standalone and Consolidated Financial Results along with the Limited Review Report for the quarter and nine months ended December 31, 2022 as required under Regulation 33 and 52 of the Listing Regulations;
ii. Disclosures in accordance with Regulation 52(4) of the Listing Regulations;
iii. Security Cover Certificate pursuant to Regulation 54 of the Listing Regulations read with SEBI circular dated May 19, 2022, as amended from time to time;
iv. Statement of Utilization of issue proceeds and Statement of deviation and variation in use of issue proceeds of Non-Convertible Securities during the quarter ended December 31, 2022 pursuant to Regulation 52(7) & 52(7A) of the Listing regulations.

Attachments

OutcomeJan302023.pdf
Total size =7928K