IIFL Capital Services Subsidiary Gets Relief as SAT Cuts Penalty to Rs. 75 Lakh:

IIFL Capital Services Subsidiary Gets Relief as SAT Cuts Penalty to Rs. 75 Lakh IIFL Capital Services Limited (Formerly IIFL Securities Limited) recently issued a disclosure, addressed to BSE Ltd and the National Stock Exchange of India Limited, regarding the revision of the penalty imposed on its wholly owned subsidiary company. The company said that the Securities Appellate Tribunal (SAT) in Mumbai issued a new order on February 16, 2026. This new order revises an earlier order from November 28, 2025, about a penalty that was imposed on IIFL Commodities Limited, which is a fully owned subsidiary of the company.

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The disclosure was made under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company further stated that earlier, the Multi-Commodity Exchange of India Limited (MCX) inspected the books of accounts, records, and documents of IIFL Commodities Limited, its wholly owned subsidiary, for the financial years 2014-15 to 2016-17. Based on the observations made during the inspection, the Member and Core Settlement Guarantee Fund Committee (MCSGFC) of MCX, through separate orders, levied penalties amounting to Rs. 3,29,90,211 for FY 2014-15, Rs. 1,19,24,568 for FY 2015-16, and Rs. 62,35,182 for FY 2016-17 on IIFL Commodities Limited on account of false or incorrect reporting of margin amounts. Being aggrieved by these orders, IIFL Commodities Limited preferred an appeal before the Securities Appellate Tribunal (SAT).

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SAT, through its order dated November 28, 2025, partially allowed the appeals and reduced the penalties for the financial years 2014-15 to 2016-17 to Rs. 40 lakh per year, making a total of Rs. 1.20 crore. Later, after a review application was filed, SAT issued another order dated February 16, 2026, further reducing the penalties to Rs. 25 lakh per year, totalling Rs. 75 lakh. The company further added that now SAT has further reduced the penalty to Rs. 25 lakh per financial year, making the total penalty amount Rs. 75 lakh.