IIFL Capital has updated the notice for its Extraordinary General Meeting scheduled for June 1, 2026, due to queries from the National Stock Exchange about their proposed preferential issue. The revised details of the meeting have been disclosed.

IIFL Capital intends to raise INR 2,000 crore through a preferential issue, primarily for debt, deposit, and corporate requirements. The investor in this round will secure promoter status with a 34.9% stake upon completion of the issue, with an Extraordinary General Meeting scheduled for June 1, 2026.

CRISIL has given IIFL Capital a 'AA' rating for a loan of INR 175 crore with a positive outlook. Additionally, the ratings agency has maintained its 'A1' rating for short-term loans and commercial paper amounting to INR 2025 crore and INR 3050 crore respectively.

IIFL Capital has announced an open offer to acquire a 26% stake, amounting to approximately 10 crore shares. The transaction will be managed by ICICI Securities, with the offer set to take place on May 13, 2026.

IIFL Capital has established a new unit in GIFT City called IIFL Capital IFSC Ltd, which will specialize in brokerage, dealing, and distribution activities. The company has invested ₹10 crore to fully own this subsidiary.

IIFL Capital's FY26 revenue remains unchanged at INR 2,439 crore, mainly due to a 9% decline in retail segment revenues, influenced by new SEBI regulations. Conversely, institutional and investment banking saw an 11% increase in revenue to INR 712 crore, despite receiving a tax notice worth INR 56 crore, which is currently under appeal.

IIFL Capital plans to raise INR 1999 crore by issuing approximately 5.71 million shares at INR 350 in a private placement. An Extraordinary General Meeting (EGM) has been scheduled for June 1, 2026, to discuss this fundraise via video conferencing.

Fairfax India is set to invest INR 2,000 crore in IIFL Capital at INR 350 per share, boosting their stake and moving them into the promoter group with a minimum of 51%. This investment triggers an open offer requirement.

IIFL Secures ₹2,000 crore through a share issue of 5.71 crore shares at ₹350 each. This move could potentially lead to a shift in control with FIH Mauritius Investments Ltd possibly initiating a change through an open offer.

On May 7, 2026, IIFL Capital Services Ltd will hold a board meeting to consider various funding options, such as equity, warrants, debt, and convertible securities. These funds may be raised through private placement or the Qualified Institutions Placement (QIP) process.

IIFL Capital's Q4 net profit experienced a minor decline compared to the previous year, dropping from 1.25 billion INR to 1.15 billion INR. However, there was a significant boost in revenue with an increase of 22%, rising from 5.37 billion INR to 6.54 billion INR over the same period.

IIFL Capital experienced a significant increase in net worth, climbing 22% year-over-year to ₹30.7 billion. Their total asset under management also rose by 4%, reaching ₹2,296 billion. Operating revenue surged by 20% YoY to ₹6,443 million, while profit before tax (PBT) saw a growth of 14% YoY.

IIFL Capital Services has received a tax demand of approximately Rs. 6.82 crore. Additionally, subsidiary companies are facing a demand of roughly Rs. 49.46 crore. The company intends to file an appeal and expects no significant impact on their operations due to this development.

Fairfax is set to become a significant shareholder in IIFL Capital, investing ₹1,000 crore for a 10% stake. This move could potentially make them a co-promoter, triggering takeover regulations and bolstering IIFL's growth capital.

Fairfax is close to acquiring a significant 10% share in IIFL Capital, possibly through a preferential allotment. If the agreement goes ahead, it might lead to an open offer for additional shares.

The Indian government's proposed data tax of ₹1 per GB might lead to an approximately 20% increase in mobile bills, as estimated by IIFL Capital. This potential levy could result in effective tax rates ranging between 29-40%.