IIFLCAPSIIFL Capital Services Limited
IIFL Capital Services says BSE levied a ₹51.26 lakh penalty over alleged non-genuine reversal trades
- Legal
- Broking
IIFL Capital Services Limited has told the exchanges on 8 Oct 2026 that BSE Limited levied a monetary penalty of ₹51,26,469.88 by an order of 7 Oct 2026, received that day. The penalty relates to alleged abnormal or non-genuine reversal trades, under exchange notices dated 13 Dec 2018, 7 Feb 2019 and 31 Dec 2024.
The company says certain client transactions were construed by BSE as non-genuine reversal trades, and that the penalty will be recovered from the clients concerned.
Inference
The amount is small, and the company says it will be passed to the clients involved. The filing does not describe any wider effect on its operations.
Reference: Original filing (PDF)
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