The Board of IIFL Holdings approved the following change in directorate from 21 May 2019 -

V.K. Chopra, Independent Director and Chairman of India Infoline Finance is appointed as an Additional Director in the capacity of an Independent Director of the Company subject to approval of Shareholders of the Company.

Nagarajan Srinivasan, a Non Executive Director of India Infoline Finance is appointed as an additional Director in the capacity of an Non-Executive Director of the Company.

Due to aforesaid reorganization and to facilitate aforesaid appointment of Directors of India Infoline Finance on the Board of the Company, Kranti Sinha and S. Narayan, Independent Directors, have resigned from the Board.

However, Kranti Sinha and S. Narayan will continue as Independent Directors of various other subsidiaries/ IIFL Group Companies.

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Net profit of IIFL Holdings declined 3.95% to Rs 126.64 crore in the quarter ended March 2019 as against Rs 131.85 crore during the previous quarter ended March 2018. Sales declined 7.94% to Rs 128.05 crore in the quarter ended March 2019 as against Rs 139.09 crore during the previous quarter ended March 2018.

For the full year,net profit declined 31.47% to Rs 147.12 crore in the year ended March 2019 as against Rs 214.69 crore during the previous year ended March 2018. Sales declined 38.87% to Rs 150.55 crore in the year ended March 2019 as against Rs 246.26 crore during the previous year ended March 2018.

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Net profit of IIFL Holdings rose 12.43% to Rs 314.66 crore in the quarter ended March 2019 as against Rs 279.86 crore during the previous quarter ended March 2018. Sales declined 16.94% to Rs 1411.52 crore in the quarter ended March 2019 as against Rs 1699.31 crore during the previous quarter ended March 2018.

For the full year,net profit declined 21.20% to Rs 804.33 crore in the year ended March 2019 as against Rs 1020.66 crore during the previous year ended March 2018. Sales declined 21.05% to Rs 4988.45 crore in the year ended March 2019 as against Rs 6318.55 crore during the previous year ended March 2018.

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IIFL Holdings will hold a meeting of the Board of Directors of the Company on 14 May 2019.

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