5112082025-10-012025-12-315112082025-04-012025-12-315112082025-10-012025-12-31in-capmkt:OtherExpenses1Member5112082025-10-012025-12-31in-capmkt:OtherExpenses2Member5112082025-10-012025-12-31in-capmkt:OtherExpenses3Member5112082025-10-012025-12-31in-capmkt:OtherExpenses4Member5112082025-04-012025-12-31in-capmkt:OtherExpenses1Member5112082025-04-012025-12-31in-capmkt:OtherExpenses2Member5112082025-04-012025-12-31in-capmkt:OtherExpenses3Member5112082025-04-012025-12-31in-capmkt:OtherExpenses4Member5112082025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15112082025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15112082025-10-012025-12-31AuditorDomain15112082025-10-012025-12-31in-capmkt:AuditedMember5112082025-12-31in-capmkt:AuditedMember5112082025-10-012025-12-31in-capmkt:AdjustedMember5112082025-12-31in-capmkt:AdjustedMember5112082025-10-012025-12-31AuditQualification1iso4217:INRxbrli:pureiso4217:INRxbrli:shares511208IVCNOTLISTEDINE050B01023IL&FS Investment Managers LimitedMain BoardEquity2025-04-012026-03-312026-02-132026-02-09INRLakhsQuarterlyThird quarterSingle segmentManagement Fees2026-02-1312:30:002026-02-1320:00:00Statement on impact of audit qualificationfalsefalseNo Borrowings2025-10-012025-12-31UnauditedStandalone00000000066770006677000000123520000700000001025200022611000-159340000-15934000000-159340000000-159340005729000-102050006280850002-0.05-0.0500-0.05-0.05000NOTES : <BR> <BR> (1) The standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 – Interim Financial Reporting, notified under Section 133 of the Companies Act 2013 read with Companies (Indian Accounting Standards) Rules 2015, as amended from time to time and other accounting principles generally accepted in India <BR> <BR> (2) The above standalone financial results for the quarter and period ended December 31, 2025 along-with comparative quarter have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on February 13, 2026 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The standalone financial results for the quarter and period ended as on December 31, 2025 have been reviewed by the statutory auditors of the Company <BR> <BR> (3) As per requirements of Indian Accounting Standard (Ind AS) 108 on ‘Operating Segments’, based on evaluation of financial information for allocation of resources and assessing performance, the Company has identified a single segment i.e. providing asset management services and other related services. As such, there are no separate reportable business or geographical segments as per Ind AS 108 on operating segment <BR> <BR> (4) In Standalone Financial results, the Other income includes Net gains/(losses) on fair value changes on Investments measured at FVTPL, Realised gain /(loss) on Sale of Investments and Others <BR> <BR> (5) The Ministry of Corporate Affairs (MCA), Government of India, has vide its letter dated October 1, 2018 initiated investigation by Serious Fraud Investigation Office (SFIO) against Infrastructure Leasing & Financial Services Limited (IL&FS), the Holding Company and its subsidiaries (including the Company) under Section 212(1) of the Companies Act, 2013. On December 3, 2018, MCA on the directions of the National Company Law Tribunal, Mumbai (NCLT) has impleaded various Group Companies of IL&FS (which includes the Company) as Respondents to the Petition filed by them on October 1, 2018. The Company has received the “Summary of Charges” sent by the Ministry of Corporate Affairs through IL&FS, based on which the Holding Company has submitted the necessary response <BR> <BR> (6) The term of most of the existing Funds being managed/advised by the Company are approaching end of their extended term in the near future which has resulted in significant reduction in the Company’s fee revenue. Management expects that its future income from existing Funds being managed/advised together with liquid assets held by the Company as at December 31, 2025 will be adequately sufficient to meet the Company's existing and future obligations arising over the next 12 months. Management believes that use of the going concern assumption for preparation of these financial results is appropriate <BR> <BR> The IL&FS Board has been working on a resolution plan, with a view to enable value preservation for stakeholders of IL&FS Group. The resolution plan, inter alia, involves sale of assets/businesses/Companies owned by IL&FS. And in this regard, the IL&FS Board had on December 21, 2023 invited a public Expression of Interest (EoI) for sale of its entire stake in the Company. In response to the EOI, few prospective bidders have shown interest and the process is underway <BR> <BR> (7) The Company has 6 Subsidiaries and 1 Jointly Controlled Entities as at December 31, 2025 <BR> <BR> (8) On November 21, 2025, the Government of India notified the provisions of the Labour Codes, which consolidate twenty-nine existing labour laws into a unified framework governing employee benefit during and after employment. Among other changes, the Codes introduce a uniform definition of wages and revise certain employee entitlements. The Company has evaluated and disclosed the incremental impact of these changes based on the position presently ascertainable, in line with the guidance issued by the Institute of Chartered Accountants of India. The Company has recognised an incremental expense of Rs 34.54 Lakh, relating to gratuity obligation, which has been presented as part of employee benefit expenses representing past service cost for the period ended December 31, 2025. The Company continues to monitor the finalisation of Central and State rules, as well as any further clarifications issued by the Government, and will incorporate any additional accounting implications as required in future periods <BR> <BR> (9) Previous year/ periods numbers are regrouped/reclassified wherever necessary <BR> 2025-04-012025-12-31UnauditedStandalone0000000003267820003267820000003081100001010000000358930006680500025997700002599770000002599770000000259977000589900026587600062808500020.830.83000.830.83000No Borrowings. Hence Debt Equity Ratio is not applicableNo Borrowings. Hence Debt Service Coverage Ratio is not applicableNo Borrowings. Hence Interest Service Coverage Ratio is not applicableRent expense2702000Legal and Professional expense3928000Net (gain)/loss on sale of non-current Investment0Other Expenses3622000Rent expense8105000Legal and Professional expense10846000Net (gain)/loss on sale of non-current Investment8457000Other Expenses8485000Actuarial Gain of the defined benefit plans57290005729000Actuarial Gain of the defined benefit plans58990005899000000057290005899000UnauditedQualified opinionKKC & Associates LLPtrue2027-07-31667700066770002261100022611000-15934000-15934000-0.05-0.059556510009556510002920600029206000926445000926445000Refer below details of qualification as per <br></br> Audit Report dated February 13, 2026 <br></br> <br></br> Attention is invited to Note 5 of the Statement which describes the situation faced by the Company in view of the ongoing investigation by Serious Fraud Investigation Office of Ministry of Corporate Affairs (SFIO) against Infrastructure Leasing & Financial Services Limited (IL&FS or the Holding Company), and its subsidiaries (including the Company). In view of the aforesaid ongoing investigations of the entire IL&FS Group by the SFIO, including the summary of charges received from Ministry of Corporate Affairs in October 2024 pertaining to the matters of the Company, we are unable to comment on the consequential impact(s) upon conclusion of the said investigationQualified opinionRepetitiveNot ApplicableUnable to estimate impact In the absence of any specific findings as on date, the financial impact if any can only be ascertained once the SFIO investigation is completed and the exercise of the restatement of financial statements is completedNo CommentsLubna UsmanLubna UsmanMunish Kumar SaraogiBharat JainMumbai2026-02-13