Integrated Filing-Governance



General information about company

Scrip Code 511208
NSE Symbol IVC
MSEI Symbol NOTLISTED
ISIN INE050B01023
Name of the entity IL&FS INVESTMENT MANAGERS LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity NOT APPLICABLE
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity NOT APPLICABLE
Risk management committee No
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID i00031
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Chitranjan Singh Kahlon 02823501 Non-Executive - Independent Director Chairperson Shareholder Director 22-Feb-1951 No Active Yes 18-Feb-2026 28-Aug-2018 30-May-2023 91 1 1 2 0
2 Mr. Munish Kumar Saraogi 10422742 Non-Executive - Independent Director Not Applicable Shareholder Director 17-Aug-1964 No Active NA 01-Apr-2024 01-Apr-2024 24 1 1 1 1
3 Mr. Kaushik Modak 01266560 Non-Executive - Non Independent Director Not Applicable 03-Oct-1966 No Active NA 06-Dec-2018 20-Feb-2026 0 0 0 0 Others
4 Ms. Priya Prempal Shetty 08858814 Non-Executive - Non Independent Director Not Applicable 09-Jun-1971 No Active NA 11-Nov-2020 1 0 1 0
5 Ms. Lubna Ahmad Usman 08299976 Executive Director Not Applicable CEO 27-Jul-1973 No Active NA 12-Feb-2021 2 0 2 0
6 Mr. Gaurav Khungar 10802649 Non-Executive - Non Independent Director Not Applicable 07-Oct-1970 No Active NA 14-Nov-2024 1 0 0 0
7 Ms. Jayashree Ramaswamy 02235205 Non-Executive - Non Independent Director Not Applicable 14-Mar-1965 No Active NA 13-Feb-2026 2 0 4 1



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 10422742 Munish Kumar Saraogi Non-Executive - Independent Director Chairperson 01-Apr-2024
2 02823501 Chitranjan Singh Kahlon Non-Executive - Independent Director Member 28-Aug-2018
3 02235205 Jayashree Ramaswamy Non-Executive - Non Independent Director Member 13-Feb-2026
4 01266560 Kaushik Modak Non-Executive - Non Independent Director Member 14-Nov-2024 20-Feb-2026



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 10422742 Munish Kumar Saraogi Non-Executive - Independent Director Chairperson 01-Apr-2024
2 02823501 Chitranjan Singh Kahlon Non-Executive - Independent Director Member 12-Nov-2021
3 02235205 Jayashree Ramaswamy Non-Executive - Non Independent Director Member 13-Feb-2026
4 01266560 Kaushik Modak Non-Executive - Non Independent Director Member 06-Feb-2019 20-Feb-2026



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 02235205 Jayashree Ramaswamy Non-Executive - Non Independent Director Chairperson 13-Feb-2026
2 01266560 Kaushik Modak Non-Executive - Non Independent Director Chairperson 11-Dec-2018 20-Feb-2026
3 02823501 Chitranjan Singh Kahlon Non-Executive - Independent Director Member 01-Apr-2019
4 10422742 Munish Kumar Saraogi Non-Executive - Independent Director Member 01-Apr-2024



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 13-Nov-2025 Yes 6 6 2
2 15-Jan-2026 62 Yes 6 6 2
3 13-Feb-2026 28 Yes 7 7 2



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 13-Nov-2025 Yes 3 3 2 0
2 Nomination and remuneration committee 15-Jan-2026 62 Yes 3 3 2 0
3 Audit Committee 13-Feb-2026 28 Yes 3 3 2 0
4 Nomination and remuneration committee 13-Feb-2026 Yes 3 3 2 0
5 Stakeholders Relationship Committee 13-Feb-2026 Yes 3 3 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) NA
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Prasad Pakash Chaoji
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://iimlindia.com/
1.2 Memorandum of Association and Articles of Association Yes https://iimlindia.com/memorandum-of-association-articles-of-association/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://iimlindia.com/
2 Terms and conditions of appointment of independent directors Yes https://iimlindia.com/term-of-appointment-of-independent-directors/
3 Composition of various committees of board of directors Yes https://iimlindia.com/board-committee/
4 Code of conduct of board of directors and senior management personnel Yes https://iimlindia.com/policies-guidelines/
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://iimlindia.com/policies-guidelines/
6 Criteria of making payments to non-executive directors Yes https://iimlindia.com/policies-guidelines/
7 Policy on dealing with related party transactions Yes https://iimlindia.com/policies-guidelines/
8 Policy for determining material subsidiaries Yes https://iimlindia.com/policies-guidelines/
9 Details of familiarization programmes imparted to independent directors Yes https://iimlindia.com/familiarisation-programme/
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://iimlindia.com/shareholder-grievance-redressal-investor-relations/
11 Email address for grievance redressal and other relevant details Yes https://iimlindia.com/shareholder-grievance-redressal-investor-relations/
12 Financial results Yes https://iimlindia.com/quarterly-financials/
13 Shareholding pattern Yes https://iimlindia.com/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet NA
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls NA
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://iimlindia.com/newspaper-publications/
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://iimlindia.com/subsidiary-accounts/
20 Secretarial compliance report Yes https://iimlindia.com/annual-secretarial-compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://iimlindia.com/policies-guidelines/
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://iimlindia.com/kmp-contact-details-determining-materiality/
23 Disclosures under regulation 30(8) Yes https://iimlindia.com/notices-updates/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) NA
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://iimlindia.com/annual-reports-2/
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://iimlindia.com/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://iimlindia.com/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) NA
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) NA
26 Meeting of Risk Management Committee 21(3A) NA
27 Quorum of Risk Management Committee meeting 21(3B) NA
28 Gap between the meetings of the Risk Management Committee 21(3C) NA
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) No The NCLT based on a petition by Infrastructure Leasing and Financial Services Limited vide its Order dated April 26, 2019, granted its exemption to ILandFS and its Group Companies from appointing Independent Directors and Woman Directors on the Board of ILandFS and its group companies. In view of the same the Company is unable to appoint Independent Director on the Board of the unlisted material subsidairy companies
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied No
Any other information to be provided Textual Information(1)



Text Block
Textual Information(1) The Company's Board approved the Company's Material subsidiary Policy The Company has complied with all Corporate Goverance requirements with respect to subsidary of the Company baring the appointment of Independent Directors on the Board of unlisted Material Subsidary Companies The NCLT based on a petition by Infrastructure Leasing and Financial Services Limited vide its Order dated April 26, 2019, granted its exemption to ILandFS and its Group Companies from appointing Independent Directors and Woman Directors on the Board of ILandFS and its group companies. In view of the same the Company is unable to appoint Independent Director on the Board of the unlisted material subsidiary companies



Annexure II
1 Name of signatory Prasad Prakash Chaoji
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Prasad Prakash Chaoji
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 29-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 2
No. of investor complaints disposed off during the Quarter 2
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Assessing Officer (AO) of Income Tax The learned AO erred while passing the final assessment order for AY 2023-24:- 1.Short grant of TDS of Rs. 16,61,726. 2.Non-grant of self-assessment tax paid of Rs. 7,20,000 3.Short - grant of Interest under section 244A of the Act 26-Mar-2026 The Learned AO, has passed the assessment order under section 143(3) dated 26 March 2026 in the case of IL&FS InvestmentManagers Limited for AY 2023-24. The Company filed its return of income on 27 November 2023 declaring NIL income and claiming a refund of TDS of Rs. 2,61,24,580. However,the company had undergone the scheme of amalgamation with IAAL and IAIML vide NCLT order dated 26 July 2024 with effect from 1 April 2022. Pursuant to the said order the company filed updated return under section 170A for the captioned AY on 27 November 2024claiming a refund of Rs. 2,71,29,310. The company has already received a refund of Rs. 2,58,61,220 including interest u/s 244A of Rs. 11,13,668. The Learned AO issued several notices under section 142(1) of which responses were duly served. Also, the Learned AO had issued a show cause notice dated 16 March 2026 of which reply was made on 20 March 2026. The Learned AO has accepted our submissions made in response to SCN and has not made any additions to income except claim made towards asset written-off of Rs 2.03 lacs and assessed the total income at Rs. NIL after allowing set-off of the CY business loss and deduction claimed under section 80M. However, while computing net tax payable, the Learned AO has allowed short credit of TDS by Rs. 16,61,726 and not granted self-assessment tax paid of Rs. 7,20,000,consequently short grant of interest u/s 244A. Asset written off is capital in nature and hence not allowable as expense while computing business income. The Learned AO has also initiated penalty under section 270A of the Act. The company is in the process of filing Appeal before CIT(A). 1.Short grant of TDS of Rs. 16,61,726. 2.Non-grant of self-assessment tax paid of Rs. 7,20,000 3.Short - grant of Interest under section 244A of the Act
2 Assessing Officer (AO) of Income Tax Penalty proceedings against Order passed for AY 2023-24 dated 26-03-2026 under Section 270A r.w.s. 274 28-Mar-2026 Penalty proceedings against Order passed for AY 2023-24 dated 26-03-2026 The company has filed the penalty abyance letter before AO on 17-04-2026
3 Assessing Officer (AO) of Income Tax The learned AO erred while passing the final assessment order for AY 2018-2019:- 1. Disallowance of Rs. 6,90,824 made by AO on Account of Section 14A 2. Disallowance of deduction claimed u/s 80G 3.Levy of fees for default in furnishing the return u/s 234F 4.Short Grant of interst u/s244(1)(a) 5.Initiation of penalty proceedings under section 270A Appeal on the said matters filed before the CIT(A) 23-Apr-2021 The learned AO erred while passing the final assessment order for AY 2018-2019:- 1. Disallowance of Rs. 6,90,824 made by AO on Account of Section 14A 2. Disallowance of deduction claimed u/s 80G 3.Levy of fees for default in furnishing the return u/s 234F 4.Short Grant of interst u/s244(1)(a) 5.Initiation of penalty proceedings under section 270A. Appeal on the said matters filed before the CIT(A) and the same is pending for disposal. 1. Disallowance of Rs. 6,90,824 made by AO on Account of Section 14A 2. Disallowance of deduction claimed u/s 80G 3.Levy of fees for default in furnishing the return u/s 234F 4.Short Grant of interst u/s244(1)(a) 5.Initiation of penalty proceedings under section 270A.
4 Assessing Officer (AO) of Income Tax Penalty proceedings intiated in relation to AY 2018-2019 05-Aug-2021 Penalty proceedings intiated in relation to AY 2018-2019 The company has filed the penalty abyance letter before AO on 7 May 2021
5 Deputy Commissioner of State Tax Order dated 18-11-2025 in respect of GST for FY 2021-2022. Excess ITC claimed in GSTR 3B/9 which is not confirmed in GSTR 2A or 8A of GSTR 9. IGST Rs. 2077493, CGST Rs. 115861, SGST Rs. 115861, Total GST Rs. 2309215. 18-Nov-2025 Excess ITC claimed in GSTR 3B/9 which is not confirmed in GSTR 2A or 8A of GSTR 9. IGST Rs. 2077493, CGST Rs. 115861, SGST Rs. 115861, Total GST Rs. 2309215. The Company has filed an appeal dated 01-04-2026 before the Appellate Authority 2309215
6 National Stock Exchange of India Limited Fine Levied of Rs. 4,40,000, paid on 20-04-2026 17-Apr-2026 delayed submission of consolidated Financial Results for the quarter ended June 30, 2025 There is no impact on financial, operational activities
7 National Stock Exchange of India Limited Fine Levied of Rs. 4,45,000, paid on 20-04-2026 10-Apr-2026 delayed submission of consolidated Financial Results for the quarter ended September 30, 2025 There is no impact on financial, operational activities
8 BSE Limited Fine Levied 01-Oct-2025 delayed submission of consolidated Financial Results for the quarter ended June 30, 2025 Waiver application submitted with BSE . Reply is awaited. There is no impact on financial, operational activities
9 BSE Limited Fine Levied 01-Jan-2026 delayed submission of consolidated Financial Results for the quarter ended June 30, 2025 Waiver application submitted with BSE . Reply is awaited. There is no impact on financial, operational activities


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Assessing Officer (AO) of Income Tax 26-Mar-2026 The Learned AO, has passed the assessment order under section 143(3) dated 26 March 2026 in the case of IL&FS InvestmentManagers Limited for AY 2023-24. The Company filed its return of income on 27 November 2023 declaring NIL income and claiming a refund of TDS of Rs. 2,61,24,580. However,the company had undergone the scheme of amalgamation with IAAL and IAIML vide NCLT order dated 26 July 2024 with effect from 1 April 2022. Pursuant to the said order the company filed updated return under section 170A for the captioned AY on 27 November 2024claiming a refund of Rs. 2,71,29,310. The company has already received a refund of Rs. 2,58,61,220 including interest u/s 244A of Rs. 11,13,668. The Learned AO issued several notices under section 142(1) of which responses were duly served. Also, the Learned AO had issued a show cause notice dated 16 March 2026 of which reply was made on 20 March 2026. The Learned AO has accepted our submissions made in response to SCN and has not made any additions to income except claim made towards asset written-off of Rs 2.03 lacs and assessed the total income at Rs. NIL after allowing set-off of the CY business loss and deduction claimed under section 80M. However, while computing net tax payable, the Learned AO has allowed short credit of TDS by Rs. 16,61,726 and not granted self-assessment tax paid of Rs. 7,20,000,consequently short grant of interest u/s 244A. Asset written off is capital in nature and hence not allowable as expense while computing business income. The Learned AO has also initiated penalty under section 270A of the Act. The company is in the process of filing Appeal before CIT(A). The Learned AO, has passed the assessment order under section 143(3) dated 26 March 2026 in the case of IL&FS InvestmentManagers Limited for AY 2023-24. The Company filed its return of income on 27 November 2023 declaring NIL income and claiming a refund of TDS of Rs. 2,61,24,580. However,the company had undergone the scheme of amalgamation with IAAL and IAIML vide NCLT order dated 26 July 2024 with effect from 1 April 2022. Pursuant to the said order the company filed updated return under section 170A for the captioned AY on 27 November 2024claiming a refund of Rs. 2,71,29,310. The company has already received a refund of Rs. 2,58,61,220 including interest u/s 244A of Rs. 11,13,668. The Learned AO issued several notices under section 142(1) of which responses were duly served. Also, the Learned AO had issued a show cause notice dated 16 March 2026 of which reply was made on 20 March 2026. The Learned AO has accepted our submissions made in response to SCN and has not made any additions to income except claim made towards asset written-off of Rs 2.03 lacs and assessed the total income at Rs. NIL after allowing set-off of the CY business loss and deduction claimed under section 80M. However, while computing net tax payable, the Learned AO has allowed short credit of TDS by Rs. 16,61,726 and not granted self-assessment tax paid of Rs. 7,20,000,consequently short grant of interest u/s 244A. Asset written off is capital in nature and hence not allowable as expense while computing business income. The Learned AO has also initiated penalty under section 270A of the Act. The company is in the process of filing Appeal before CIT(A).
2 Assessing Officer (AO) of Income Tax 28-Mar-2026 Penalty proceedings against Order passed for AY 2023-24 dated 26-03-2026 Penalty proceedings against Order passed for AY 2023-24 dated 26-03-2026
3 Assessing Officer (AO) of Income Tax 23-Apr-2021 The learned AO erred while passing the final assessment order for AY 2018-2019:- 1. Disallowance of Rs. 6,90,824 made by AO on Account of Section 14A 2. Disallowance of deduction claimed u/s 80G 3.Levy of fees for default in furnishing the return u/s 234F 4.Short Grant of interst u/s244(1)(a) 5.Initiation of penalty proceedings under section 270A. Appeal on the said matters filed before the CIT(A) and the same is pending for disposal. The learned AO erred while passing the final assessment order for AY 2018-2019:- 1. Disallowance of Rs. 6,90,824 made by AO on Account of Section 14A 2. Disallowance of deduction claimed u/s 80G 3.Levy of fees for default in furnishing the return u/s 234F 4.Short Grant of interst u/s244(1)(a) 5.Initiation of penalty proceedings under section 270A. Appeal on the said matters filed before the CIT(A) and the same is pending for disposal.
4 Assessing Officer (AO) of Income Tax 05-Aug-2021 Penalty proceedings intiated in relation to AY 2018-2019 Penalty proceedings intiated in relation to AY 2018-2019
5 Deputy Commissioner of State Tax 18-Nov-2025 Excess ITC claimed in GSTR 3B/9 which is not confirmed in GSTR 2A or 8A of GSTR 9. IGST Rs. 2077493, CGST Rs. 115861, SGST Rs. 115861, Total GST Rs. 2309215. The Company has filed an appeal dated 01-04-2026 before the Appellate Authority Excess ITC claimed in GSTR 3B/9 which is not confirmed in GSTR 2A or 8A of GSTR 9. IGST Rs. 2077493, CGST Rs. 115861, SGST Rs. 115861, Total GST Rs. 2309215. The Company has filed an appeal dated 01-04-2026 before the Appellate Authority