India Finsec Limited Board Approves Subsidiary IPO Process and Schedules EGM for April 2026

India Finsec Limited announced significant corporate developments following its board meeting held on March 27, 2026. The company's board of directors approved the initiation of an Initial Public Offer (IPO) process for its subsidiary IFL Finance Limited, alongside scheduling an Extraordinary General Meeting and key directorial appointments.

Subsidiary IPO Process Approval

The board approved the commencement of IPO proceedings for IFL Finance Limited, formerly known as IFL Housing Finance Limited. The proposed public offering structure includes substantial equity participation from both fresh capital and existing stakeholder divestment.

Component Share Count Purpose Fresh Issue Up to 3,60,00,000 equity shares New capital raising Offer for Sale Up to 40,00,000 equity shares Existing shareholder exit Total Offering Up to 4,00,00,000 equity shares Combined IPO size

The IPO process remains subject to shareholder approval from India Finsec Limited and receipt of requisite statutory and regulatory approvals from relevant authorities.

Extraordinary General Meeting Schedule

The board approved the Extraordinary General Meeting notice dated March 27, 2026, establishing a comprehensive timeline for shareholder participation. The company has structured the voting process to accommodate remote participation through electronic means.

Event Date & Time Details Cut-off Date Friday, April 17, 2026 Eligibility determination E-voting Start Tuesday, April 21, 2026 at 9:00 AM Remote voting commencement E-voting End Thursday, April 23, 2026 at 5:00 PM Remote voting conclusion Scrutinizer M/s Sarita Singh & Associates C.P. No: 24682

Independent Director Re-appointment

Based on the Nomination and Remuneration Committee's recommendation, the board approved the re-appointment of Mr. Devi Dass Agarwal as Independent Director. His extensive banking and finance sector experience spans 43 years, including 18 years as Branch Head across multiple Central Bank of India branches.

Parameter Details Director Name Mr. Devi Dass Agarwal DIN 09152596 Appointment Term Five consecutive years Term Period July 1, 2026 to June 30, 2031 Approval Required Shareholder consent at EGM

Mr. Agarwal maintains no relationships with other company directors and has not been debarred from holding directorial positions by SEBI or other regulatory authorities.

Board Meeting Details

The board meeting commenced at 1:30 PM and concluded at 2:00 PM on March 27, 2026. All decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with appropriate disclosures provided to BSE Limited under scrip code 535667.

Precious Tradeways Private Limited has made a regulatory disclosure regarding its substantial acquisition of shares in India Finsec Limited, crossing the critical 5% shareholding threshold that triggers mandatory disclosure requirements under SEBI regulations.

Acquisition Details

The acquisition involved the purchase of 59,090 equity shares through open market transactions on 20th March, 2026. This purchase increased Precious Tradeways' total shareholding in India Finsec Limited from 14,12,971 shares to 14,72,061 shares.

Parameter: Before Acquisition After Acquisition Change Number of Shares: 14,12,971 14,72,061 +59,090 Percentage Holding: 4.84% 5.04% +0.20% Acquisition Method: - Open Market -

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The acquisition resulted in Precious Tradeways' shareholding exceeding the threshold limit of 5% of the total shareholding of India Finsec Limited, making this disclosure mandatory.

Precious Tradeways has confirmed that it does not belong to the promoter or promoter group of India Finsec Limited. The disclosure was signed by Vikram Sharma, Director of Precious Tradeways Private Limited (DIN: 00243482).

Target Company Profile

India Finsec Limited is listed on BSE Limited with scrip code 535667. The company's equity share capital structure remains unchanged following this acquisition:

Capital Structure: Details Total Share Capital: Rs. 291,917,150 Number of Shares: 29,191,715 Face Value per Share: Rs. 10 Listing Exchange: BSE Limited

Transaction Impact

The acquisition represents a strategic investment by Precious Tradeways in India Finsec Limited. The 59,090 shares acquired constitute 0.20% of India Finsec's total voting capital. No encumbrances, voting rights other than equity shares, or convertible securities were involved in this transaction.

The disclosure indicates that Precious Tradeways had no previous holdings in warrants, convertible securities, or any other instruments that would entitle it to receive shares carrying voting rights in India Finsec Limited, either before or after this acquisition.

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