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May 06 , 2021 The Manager , Listing Department , BSE Limited , Phiroze Jeejeebhoy Tower , Dalal Street , Mumbai 400 001 . BSE Scrip Code : 532636 IIFL FINANCE The Manager , Listing Department , The National Stock Exchange of India Ltd. , Exchange Plaza , 5 Floor , Plot C / 1 , G Block , Bandra Kurla Complex , Bandra ( E ) , Mumbai 400 051 . NSE Symbol : IIFL Subject : Outcome of the Board Meeting held on May 06 , 2021 Dear Sir / Madam , Pursuant to the provisions of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " Listing Regulations " ) , the Board of Directors of the Company at their meeting held today , inter - alia - 1. Considered and approved the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31 , 2021 ; 2. Approved enabling annual resolution for raising funds through issue of Non - Convertible Debentures on a private placement basis , upto a limit of Rs . 10,000 Cr . subject to the approval of the members ; 3. Approved the Material Related Party Transaction , subject to the approval of the members at the ensuing AGM . 4. Approved increase in Investment Limits for Non - Resident Indians from 10 % to 24 % of paid -up capital of the Company under Foreign Exchange Management Act , 1999 subject to the approval of the members ; 5. Approved grant of 4,50,000 stock options at Rs . 252 / - per share i.e. the last available closing price to the identified employee ( s ) under the Employee Stock Option Scheme 2008 of the Company , each Option being convertible into one Fully Paid - up Equity Share upon vesting ; 6. Approved Investment in the Right Issue of equity shares of Samasta Microfinance Limited , a subsidiary of the Company for an amount not exceeding Rs 225 Crore . The shareholding of the Company in Samasta is expected to remain the same . 7. IIFL Finance is in the process of transferring substantial part of its Construction & Real Estate ( CRE ) loan assets that are in the form of non - convertible debentures to an Alternative Investment Fund . IIFL Finance will continue to own at least a third of the AIF's units . The AIF has a target fund size of INR 3600 crores and has signed a Contribution Agreement on May 01 , 2021 with Credit Opportunities III PTE . Ltd , a fund managed by Ares SSG Capital Management , committing a contribution of upto Rs 1,200 crores towards units in the AIF . The first tranche of loan assets is expected to be sold to the AIF in a week and remaining loan assets in next few weeks , as documentation and diligence gets completed . IIFL Finance Limited ( formerly known as IIFL Holdings Limited ) CIN No .: L67100MH1995PLC093797 Corporate Office - 802 , 8th Floor , Hub Town Solaris , N.S. Phadke Marg , Vijay Nagar , Andheri East , Mumbai 400069 Tel : ( 91-22 ) 6788 1000 .Fax : ( 91-22 ) 6788 1010 Regd . Office - IIFL House , Sun Infotech Park , Road No. 16V , Plot No. B - 23 , Thane Industrial Area , Wagle Estate , Thane - 400604 Tel : ( 91-22 ) 41035000. Fax : ( 91-22 ) 25806654 E - mail : csteam@iifl.com Website : www.iifl.com