* Securities Appellate Tribunal (SAT), Mumbai, reduced the penalty on IIFL Commodities Limited, a wholly-owned subsidiary, to ₹40 lakh per year, totaling ₹1.20 crore. * The penalty was initially imposed by the Member and Core Settlement Guarantee Fund Committee (MCSGFC) of MCX for false/incorrect reporting of margin amount for FY 2014-15 to FY 2016-17. * MCX had originally imposed penalties of ₹3,29,90,211 for FY 2014-15, ₹1,19,24,568 for FY 2015-16, and ₹62,35,182 for FY 2016-17. * SAT's order, dated November 28, 2025, partly allowed the appeals, modifying the penalties to ₹40 lakh per year for the three fiscal years. * The company will consult with its lawyers for further course of action. * Apart from the penalty imposed, there has been no significant impact on the financial, operational, or other activities of the Company.
