India Finsec Ltd

• India Finsec surrendered NBFC-ICC registration to RBI. • RBI cancelled its Certificate of Registration on July 17, 2025. • Subsidiary converted from Housing Finance Company to NBFC-ICC. • India Finsec now operates as an unregistered Core Investment Company.

🔄 Change in Company Registration Status

📄 Background and Regulatory Context:

India Finsec Limited was registered as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) with the RBI. This registration requires compliance with specific NBFC regulations.

🔄 Change in Registration Status:

The company applied on April 24, 2025, to surrender its Certificate of Registration (CoR) after meeting eligibility criteria to operate as an unregistered Core Investment Company (CIC). The RBI approved this and cancelled the CoR on July 17, 2025.

🏢 Subsidiary's Conversion:

India Finsec's subsidiary, IFL Finance Limited (formerly IFL Housing Finance Limited), converted from a Housing Finance Company (HFC) to NBFC-ICC effective June 26, 2025. This reflects a business strategy realignment.

⚙️ Implications for India Finsec:

• India Finsec will now operate as an unregistered Core Investment Company, focusing on holding investments rather than NBFC activities.
• Being unregistered implies less direct RBI supervision for NBFC operations.

🧐 Perceptions and Considerations:

• This may be viewed as a strategic move to simplify regulatory compliance.
• Subsidiary's conversion could indicate enhanced focus on financial services through its NBFC license.
• Investors should note changes impact operational structure and oversight.

📊 Quantitative Data:

• Certificate of Registration cancelled: July 17, 2025
• Subsidiary conversion effective: June 26, 2025
• Application for cancellation submitted: April 24, 2025