IIFLCAPSIIFL Capital Services Limited
IIFL Capital Services says MCX levied ₹28.10 lakh in penalties over alleged non-genuine client trades
- Legal
- Broking
IIFL Capital Services Limited has told the exchanges on 9 Oct 2026 that the Multi Commodity Exchange of India Limited (MCX), in a communication dated 9 Oct 2026, levied aggregate monetary penalties of ₹28,10,300 on the company. The penalties are made up of seven amounts, from ₹1,01,000 to ₹7,11,000, and relate to alleged abnormal or non-genuine trades under an MCX circular of 20 Aug 2018.
The company says certain client transactions were construed by MCX as abnormal or non-genuine trades, and that the amount will be recovered from the clients concerned.
Inference
The penalty is small and, according to the filing, is to be passed on to the clients involved, so it is not expected to fall on the company. The part of the filing reviewed here does not discuss any wider impact on the business.
Reference: Original filing (PDF)
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