IVC2023-10-012023-12-31 IVC2023-10-012023-12-31 IVC2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member IVC2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member IVC2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member IVC2023-10-012023-12-31in-bse-fin:OneOperatingExpenses04Member IVC2023-10-012023-12-31in-bse-fin:OneOperatingExpenses05Member IVC2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member IVC2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member IVC2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member IVC2023-10-012023-12-31in-bse-fin:FourOperatingExpenses04Member IVC2023-10-012023-12-31in-bse-fin:FourOperatingExpenses05Member IVC2023-12-31 IVC2023-12-31 IVC2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IVC2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NOTLISTED IL&FS Investment Managers Limited Equity 2023-04-01 2024-03-31 2024-02-13 2024-01-09 INR Lakhs Third quarter 2024-02-13 12:00:00 2024-02-13 13:45:00 false Not applicable Single segment Management Fees 2023-10-01 2023-12-31 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 138145000.00 138145000.00 29545000.00 167690000.00 0.00 0.00 0.00 35070000.00 0.00 769000.00 0.00 0.00 0.00 0.00 108847000.00 144686000.00 23004000.00 0.00 23004000.00 4395000.00 -3747000.00 648000.00 22356000.00 0.00 0.00 0.00 447000.00 22803000.00 946000.00 23749000.00 13258000.00 9545000.00 14204000.00 9545000.00 628085000.00 2 0.04 0.04 0.00 0.00 0.04 0.04 1) The aforesaid consol financial results (FR) of IL&FS Investment Managers Ltd (Holding Co), its subsidiaries for quarter & nine months ended 31-12-2023 have been reviewed by Audit Committee & approved by Board of Directors of Company at its meeting held on 13-02-. The FR for quarter & nine months ended 31-12-2023 have been subjected to Limited Review by Stat Auditors of Company 2) The FR have been prepared in accordance with Ind AS 34 – Interim Financial Reporting, notified under Sec 133 of Companies Act 2013 read with Companies (Indian Accounting Standards) Rules 2015, other accounting principles generally accepted in India 3) As per requirements of Ind AS 108 on Operating Segments, based on evaluation of financial info for allocation of resources & assessing performance, Group has identified a single segment i.e. providing asset mgmt services & other related services. As such, there are no separate reportable business or geographical segments as per Ind AS 108 4) The MCA, GOI, has vide its letter dated 01-10-2018 initiated investigation by SFIO against IL&FS, Holding Co. & its subsidiaries (including Group) under Sec 212(1) of Companies Act 2013. On 03-12-2018, MCA on directions of NCLT Mumbai has impleaded various Group Co. of IL&FS (which includes Group) as Respondents to Petition filed by them on 01-10-2018. Further based on another petition of MCA under Sec 130(1) of Companies Act 2013, NCLT has, on 01-01-2019, ordered re-opening of books of accounts for past FY2012-13 to FY2017-18 of IL&FS - Ultimate Holding Company, IL&FS Financial Services Ltd (fellow subsidiary) & IL&FS Transportation Networks Ltd (fellow subsidiary). The restatement has been completed. The independent agency entrusted to do such re-opening of books of accounts & restatement for Ultimate Holding Co. & one of fellow subsidiary, have confirmed that there is no impact on financial info of the Co. In respect of other fellow subsidiary’s reopening & restatement a similar assertion has been received from fellow subsidiary 5) The term of most of existing funds being managed/advised by Group has already been over. Other funds being managed/advised by Group are approaching end of their term in near future which has resulted/is likely to result in significant reduction in Group’s fee revenue. Mgmt expects that its future income from existing funds being managed/advised together with liquid assets held by Group as at 31-12-2023 will be adequately sufficient to meet Group's existing & future obligations arising over next 12 months. Mgmt believes that use of going concern assumption for preparation of these FR is appropriate 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, IL&FS Board has on 21-12-2023 invited a public Expression of Interest (EoI) for sale of its entire stake in the Company 6) The Board of Directors of Company at its meeting held on 14-02-2022 approved a Scheme of Amalgamation of its WOS, IL&FS Asian Infrastructure Managers Ltd & IIML Asset Advisors Ltd with the Company, subject to approval of shareholders and/or creditors of respective co. & necessary regulatory approvals. Appointed Date for said Scheme of Amalgamation is scheduled to be 01-04-2022. Company has filed an application for same with NCLT Mumbai for which approval is awaited 7) The financial statements of its subsidiary IIML Fund Managers (Singapore) Pte Ltd & its JVs, IL&FS Milestone Realty Advisors Private Ltd & Standard Chartered IL&FS Management (Singapore) Pte Ltd have been prepared on basis that it does not continue as a going concern 8) Previous year numbers are regrouped/reclassified wherever necessary Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 387444000.00 387444000.00 110778000.00 498222000.00 0.00 0.00 0.00 101812000.00 0.00 1684000.00 0.00 0.00 0.00 0.00 300269000.00 403765000.00 94457000.00 0.00 94457000.00 29974000.00 -6359000.00 23615000.00 70842000.00 0.00 0.00 0.00 218000.00 71060000.00 7923000.00 78983000.00 52503000.00 18557000.00 60507000.00 18476000.00 628085000.00 2 0.17 0.17 0.00 0.00 0.17 0.17 Expected Credit loss arising on Receivables 34161000.00 Legal and Professional Expense 55549000.00 Net Loss on sale of non-current Investments 0.00 Other Expenses 15477000.00 Rent Expense 3660000.00 Expected Credit loss arising on Receivables 68226000.00 Legal and Professional Expense 155283000.00 Net Loss on sale of non-current Investments 13429000.00 Other Expenses 52204000.00 Rent Expense 11127000.00 0.00 0.00 0.00 0.00 Actuarial Gain of the defined benefit plans 547000.00 Actuarial Gain of the defined benefit plans -303000.00 547000.00 -303000.00 233000.00 1502000.00 Gain/(Loss) on Foreign currency translation reserve (net) 632000.00 Gain/(Loss) on Foreign currency translation reserve (net) 9728000.00 632000.00 9728000.00 0.00 0.00 946000.00 7923000.00