IVC2024-01-012024-03-31 IVC2024-01-012024-03-31 IVC2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member IVC2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member IVC2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member IVC2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member IVC2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member IVC2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member IVC2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member IVC2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member IVC2024-03-31 IVC2024-03-31 IVC2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NA IL&FS Investment Managers Limited Equity 2023-04-01 2024-03-31 2024-05-22 2024-04-25 INR Lakhs Yearly 2024-05-22 12:30:00 2024-05-22 15:33:00 true Cash Flow Indirect Statement on impact of audit qualification Single segment Management Fees 2024-01-01 2024-03-31 Audited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2721000.00 2721000.00 257907000.00 260628000.00 0.00 0.00 0.00 12116000.00 0.00 99000.00 0.00 0.00 0.00 0.00 6280000.00 18495000.00 242133000.00 0.00 242133000.00 -187000.00 1323000.00 1136000.00 240997000.00 0.00 0.00 0.00 0.00 240997000.00 471000.00 241468000.00 241468000.00 0.00 628085000.00 2 0.77 0.77 0.00 0.00 0.77 0.77 0.00 0.00 0.00 NOTES 1)The results have been prepared in accordance with Ind AS as per the Companies (Ind AS) Rules 2015 notified under Sec 133 of Companies Act, 2013 (CA2013) & other relevant provisions of CA2013 as amended from time to time 2)The above standalone financial results for quarter & year ended 31-03-2024 along-with comparative quarter & year have been reviewed by Audit Comm at its meeting held on 22-05-2024 & subsequently approved by BOD at its meeting held on 22-05-2024 in terms of Reg 33 of SEBI LODR Regulations 2015. The standalone financial results have been audited by Stat Auditors of Company 3)As per requirements of Ind AS 108 on ‘Operating Segments’, based on evaluation of financial info for allocation of resources & assessing performance, Company has identified a single segment i.e. providing asset management 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 Company & its subsidiaries (including Company) under Sec 212(1) of CA2013. On 03-12-2018, MCA on directions of NCLT, Mumbai has impleaded various Group Companies of IL&FS (which includes Company) as Respondents to Petition filed by them on 01-10-2018 5)Based on another petition of MCA under Sec 130 (1) of the CA2013, NCLT has, on 01-01-2019, ordered re-opening of books of accounts for past FY12-13 to FY17-18 of ‘IL&FS’ (‘Ultimate Holding Company’), IL&FS Financial Services Ltd & IL&FS Transportation Networks Ltd (a fellow subsidiary). The restatement has been completed. The independent agency entrusted to do such reopening of books of accounts & restatement for Ultimate Holding Company & one of the fellow subsidiary, have confirmed that there is no impact on financial info of Company. In respect of other fellow subsidiary’s reopening & restatement a similar assertion has been received from the fellow subsidiary 6)The term of most of existing funds being managed/advised by Company has already been over. Other funds being managed/advised by company are approaching end of their term in near future which has resulted in significant reduction in Company’s fee revenue. Mgmt expects that its future income from existing funds being managed/advised together with liquid assets held by Company as at 31-03-2024 will be adequately sufficient to meet Company's existing & future obligations arising over next 12 months. Mgmt believes that use of the going concern assumption for preparation of these financial results 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 & in this regard, the IL&FS Board has on 21-12-2023 invited a public Expression of Interest for sale of its entire stake in Company 7)The BOD at its meeting held on 14-02-2022 approved a Scheme of Amalgamation of its two WOS IL&FS Asian Infrastructure Managers Ltd & IIML Asset Advisors Ltd with the Company, subject to approval of shareholders and/or creditors of respective companies & necessary regulatory approvals. The Appointed Date for the said Scheme of Amalgamation is scheduled to be 01-04-2022. The final petition has been filed with concerned bench of NCLT & approvals are still awaited 8)The BOD, in their meeting held on 22-05-2024 have proposed a final dividend of Rs 0.70 per equity share amounting to Rs 2198.23 lakhs. The proposal is subject to approval of shareholders at AGM 9)The figures for three months ended 31-03-2024 & 31-03-2023 are the balancing figures between audited figures with respect to full financial year & published unaudited year to date figures upto 3rd quarter of FY which were subjected to limited review 10)Previous year numbers are regrouped/reclassified wherever necessary Single segment 2023-04-01 2024-03-31 Audited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15560000.00 15560000.00 292118000.00 307678000.00 0.00 0.00 0.00 51190000.00 0.00 446000.00 0.00 0.00 0.00 0.00 42680000.00 94316000.00 213362000.00 0.00 213362000.00 -187000.00 -2695000.00 -2882000.00 216244000.00 0.00 0.00 0.00 0.00 216244000.00 393000.00 216637000.00 216637000.00 0.00 628085000.00 2 465705000.00 0.69 0.69 0.00 0.00 0.69 0.69 0.00 0.00 0.00 Legal and Professional expenses 1100000.00 Net loss on sale of non-current Investment 0.00 Other Expenses 3385000.00 Rent 1795000.00 Legal and Professional expenses 8810000.00 Net loss on sale of non-current Investment 13420000.00 Other Expenses 13238000.00 Rent 7212000.00 2323000.00 17287000.00 0.00 0.00 0.00 593000.00 1024140000.00 3100000.00 1047443000.00 0.00 22413000.00 7899000.00 0.00 0.00 386000.00 0.00 0.00 0.00 0.00 42634000.00 73332000.00 1120775000.00 628085000.00 465705000.00 1093790000.00 0.00 0.00 1485000.00 1807000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3292000.00 0.00 4279000.00 0.00 19414000.00 23693000.00 1120775000.00 Actuarial Gain/(loss) of the defined benefit plans 630000.00 Actuarial Gain/(loss) of the defined benefit plans 525000.00 630000.00 525000.00 159000.00 132000.00 471000.00 393000.00 0.00 0.00 0.00 0.00 1737000.00 524000.00 0.00 0.00 0.00 -4989000.00 0.00 0.00 0.00 446000.00 0.00 0.00 0.00 0.00 0.00 0.00 250846000.00 0.00 0.00 -43830000.00 0.00 0.00 0.00 -23540000.00 0.00 -320498000.00 -107136000.00 0.00 0.00 -1146000.00 -7609000.00 0.00 -100673000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 181000.00 19000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100414000.00 143000.00 0.00 0.00 0.00 0.00 250846000.00 1146000.00 0.00 0.00 0.00 352101000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251226000.00 0.00 0.00 0.00 -251226000.00 202000.00 0.00 202000.00 2121000.00 2323000.00