IIFL Finance Limited announced that its Board of Directors, in a meeting held on December 19, 2025, approved key decisions. Mr. Bibhu Prasad Kanungo, a Non-Executive Independent Director, has been designated as the new Chairperson of the Board, effective immediately. Mr. Kanungo brings extensive experience from his tenure as Deputy Governor of the Reserve Bank of India, overseeing critical areas such as currency management, foreign exchange regulations, and payment systems. Furthermore, the Board approved an enhancement in the company's borrowing limit and the limit for creating security on its assets. This limit has been increased from ₹35,000 Crores to ₹60,000 Crores, subject to shareholder approval. This strategic move aims to support the company's future growth and operational needs. In a separate matter, concerning the Income Tax Search concluded earlier, the company has complied with a notice received on October 6, 2025, under Section 158BC of the Income Tax Act, 1961. This notice required the filing of a return of income for the block period from April 1, 2018, to February 3, 2025. IIFL Finance filed the return and paid an amount of ₹1,47,18,288 (Rupees one crore forty-seven lakh eighteen thousand two hundred eighty-eight only) as tax. The company stated that this action has no material impact on its financial or operational activities.