5427732026-05-072026-05-075427732026-05-075427732026-05-072026-05-07PartiesOfTheAgreementDomain15427732026-05-07PartiesOfTheAgreementDomain15427732026-05-072026-05-07PartiesOfTheAgreementDomain25427732026-05-07PartiesOfTheAgreementDomain25427732026-05-072026-05-07PartiesOfTheAgreementDomain35427732026-05-07PartiesOfTheAgreementDomain35427732026-05-072026-05-07PartiesOfTheAgreementDomain45427732026-05-07PartiesOfTheAgreementDomain4xbrli:purexbrli:sharesiso4217:INRxbrli:sharesIIFL CAPITAL SERVICES LIMITEDIIFLCAPSNewAgreements entered into has an impact on the management or control of the listed entity or impose any restriction or create any liability upon the listed entityExecution of agreementListed Entity,Shareholders of the listed entity,Promoters of the listed entity2026-05-0708:45:002026-05-07The Board has approved and the parties have executed the investment agreement dated May 7, 2026 (“Investment Agreement”) among (i) the Company, (ii) the Investor (iii) Nirmal Bhanwarlal Jain and (iv) Venkataraman Rajamani (Nirmal Bhanwarlal Jain and Venkataraman Rajamani are collectively referred to as “Existing Promoters”) for: (a) setting out the terms and conditions of the Preferential Issue; and (b) potential acquisition of Equity Shares by the Investor from the Existing Promoters, in certain specific circumstances, as set out in the Investment Agreement.2026-05-07falseThe Board has approved and the parties have executed the investment agreement dated May 7, 2026 (“Investment Agreement”) among (i) the Company, (ii) the Investor (iii) Nirmal Bhanwarlal Jain and (iv) Venkataraman Rajamani (Nirmal Bhanwarlal Jain and Venkataraman Rajamani are collectively referred to as “Existing Promoters”) for: (a) setting out the terms and conditions of the Preferential Issue; and (b) potential acquisition of Equity Shares by the Investor from the Existing Promoters, in certain specific circumstances, as set out in the Investment Agreement.Pursuant to the completion of the Underlying Transaction as well as the Open Offer, the Investor will acquire and exercise control over the Company and be classified as a ‘promoter’ of the Company along with the existing promoters of the Company in accordance with the terms of the Investment Agreement and the provisions of the SEBI Listing Regulations. HWIC Asia Fund (Class A Shares), which is an affiliate of the Investor and currently holding 1,03,62,530 (one crore three lakh sixty two thousand five hundred and thirty) Equity Shares, representing 3.33% of the pre-Preferential Issue paid up equity share capital of the Company, will be categorised as a member of the ‘promoter group’ of the Company.4FIH Mauritius Investments LtdCounterparties to the agreementFIH Mauritius Investments Ltd is a shareholder of the IIFL Capital Services Limited846414450.2718falseThe Investor holds more than 10% in the Company and is therefore, a related party of the Company, in terms of Regulation 2(1)(zb) of the SEBI Listing RegulationsIIFL Capital Services LimitedParty entering into the agreementNA00falseNANirmal Bhanwarlal JainParty entering into the agreementNirmal Bhanwarlal Jain is an existing member of the promoter and pomoter group of the Company469642820.1508trueNirmal Bhanwarlal Jain is an existing member of the promoter and promoter group of the CompanyVenkataraman RajamaniParty entering into the agreementVenkataraman Rajamani is an existing member of the promoter and Promoter group of the Company111844320.0359trueVenkataraman Rajamani is an existing member of the promoter and Promoter group of the Companytruetrue2026-05-07The Investment Agreement records the following: (i) Terms and conditions of the proposed issuance on a private placement basis of Subscription Shares by the Company to the Investor in accordance with applicable laws (“Preferential Issue”); and (ii) Potential acquisition of Equity Shares by the Investor from the Existing Promoters, in certain specific circumstances, as set out in the Investment Agreement (collectively, “Underlying Transaction”).The key terms of the Investment Agreement are as follows: (i) The consummation of the Preferential Issue is subject to the satisfaction of customary conditions precedents including receipt of shareholders’ approval, regulatory/ statutory approvals including from regulatory authorities but not limited to the Competition Commission of India, BSE Limited, National Stock Exchange of India Limited, SEBI, etc., all on terms and conditions as set out in the Investment Agreement. (ii) The Investment Agreement prescribes certain customary interim covenants from the date of execution of the Investment Agreement till the completion of the transaction, such as conducting business in ordinary course, etc. (iii) The Investment Agreement inter alia includes customary provisions dealing with representations, warranties, indemnities, non-compete, etc. (iv) The Investment Agreement provides for a potential acquisition of Equity Shares by the Investor from the Existing Promoters, in certain specific circumstances, as set out under the Investment Agreement. (v) Subject to closing having occurred, inter alia, the board of the Company will be reconstituted and Investor’s nominee director will be appointed on the board of the Company in terms of the Investment Agreement.trueEquity Shares350 (i) The consummation of the Preferential Issue is subject to the satisfaction of customary conditions precedents including receipt of shareholders’ approval, regulatory/ statutory approvals including from regulatory authorities but not limited to the Competition Commission of India, BSE Limited, National Stock Exchange of India Limited, SEBI, etc., all on terms and conditions as set out in the Investment Agreement. (ii) The Investment Agreement prescribes certain customary interim covenants from the date of execution of the Investment Agreement till the completion of the transaction, such as conducting business in ordinary course, etc. (iii) The Investment Agreement inter alia includes customary provisions dealing with representations, warranties, indemnities, non-compete, etc. (iv) The Investment Agreement provides for a potential acquisition of Equity Shares by the Investor from the Existing Promoters, in certain specific circumstances, as set out under the Investment Agreement. (v) Subject to closing having occurred, inter alia, the board of the Company will be reconstituted and Investor’s nominee director will be appointed on the board of the Company in terms of the Investment Agreement.