IIFL Capital Services Limited Seeks Member Approval for Borrowing Limits and Asset Encumbrance
IIFL Capital Services Limited (Formerly known as IIFL Securities Limited) announced on March 25, 2026, that it is seeking approval from its Members for resolutions concerning borrowing limits and the ability to encumber assets. The resolutions, to be voted on through electronic means, follow a postal ballot notice distributed to members as of March 20, 2026.The company seeks a Special Resolution to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013, to ₹7,000 Crores. A second Special Resolution requests authorization under Section 180(1)(a) of the Act to enable the encumbrance of assets, also with a limit of ₹7,000 Crores.
The voting period commenced on Thursday, March 26, 2026, at 9:00 a.m. (IST) and will conclude on Friday, April 24, 2026, at 5:00 p.m. (IST). CDSL is providing remote e-voting facilities. Results are expected to be available by April 26, 2026, and will be posted on the company's website at www.iiflcapital.com and the websites of the BSE Limited (www.bseindia.com) and the National Stock Exchange of India Limited (www.nseindia.com), alongside CDSL’s website (https://www.evotingindia.com).
The company indicated that the enhanced borrowing capacity is necessary to support anticipated growth and maintain operational flexibility, particularly in relation to margin trading facilities and client funding activities.
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