General Announcement::Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)

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
20-Jun-2020 01:16:36
Status
New
Announcement Sub Title
Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)
Announcement Reference
SG200620OTHR1M4J
Submitted By (Co./ Ind. Name)
IIFL Finance Limited/Gajendra Thakur
Designation
Company Secretary
Effective Date and Time of the event
19/06/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that:

1.Mr. Sumit Bali has resigned as the Chief Executive Officer ('CEO') of the Company to pursue other career opportunities. His resignation has been accepted by the Board of Directors at its meeting held today and he will be relieved from the services w.e.f. the close of business hours on June 30, 2020. The Board places on record its appreciation for the valuable contributions made by Mr. Bali during his tenure and wish him the very best in his future endeavors.
2.On the recommendation of the Board of Directors, Mr. Nirmal Jain, Executive Chairman, has agreed to take over the responsibilities of the CEO to oversee the management and affair of the Company.

Kindly take the same on record and oblige.

Attachments

SE_CEOResignation.pdf
Total size =725K