IIFL Capital Services' Board approved the financial results for the quarter, reporting consolidated revenue of ₹721.31 Cr and profit after tax for owners at ₹184.09 Cr.

Fairfax India Holdings plans to increase its stake to at least 51% through a ₹2,000 Cr preferential issue at ₹350 per share, aimed at strengthening capital and driving growth across its businesses.

The company also approved issuing debentures up to ₹1,000 Cr, pending shareholder approval, and re-designated several senior management roles.

An income tax demand of ₹24.37 Cr for the group and ₹68.07 Cr for the company has been appealed, with management anticipating no material adverse impact.