India Finsec Limited has voluntarily surrendered its Non-Banking Financial Company (NBFC-ICC) registration, which the Reserve Bank of India has approved.

This strategic step enabled its subsidiary, IFL Finance Limited, to successfully convert from a Housing Finance Company (HFC) to an NBFC-ICC.

As a result of these changes, India Finsec Limited will now operate as an unregistered Core Investment Company (CIC), meeting the necessary criteria.

This streamlines the group's financial structure and clarifies its operational focus for shareholders.