IIFL Finance has delayed its board meeting for approval of the January-March and 2023-24 (April-March) results owing to the engagement of the company’s internal teams in the Reserve Bank of India (RBI) special audit.
“We anticipate releasing the results no later than June 30, 2024,” the company said in an exchange filing on Tuesday.
The special audit on the company had started on April 23.
On March 4, the central bank had suspended the disbursement of new gold loans by IIFL Finance until satisfactory completion of the audit owing to concerns regarding the gold loan disbursement practices of the company.
Shares of IIFL Finance closed 0.33% higher at Rs 399.70 on Tuesday.