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 IVC2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IVC2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 131796000.00 131796000.00 34157000.00 165953000.00 0.00 0.00 0.00 27528000.00 0.00 794000.00 0.00 0.00 0.00 0.00 76073000.00 104395000.00 61558000.00 0.00 61558000.00 27751000.00 -15809000.00 11942000.00 49616000.00 0.00 0.00 0.00 -211000.00 49405000.00 1860000.00 51265000.00 50467000.00 798000.00 1876000.00 -16000.00 628085000.00 2 0.15 0.15 0.00 0.00 0.15 0.15 0.00 0.00 0.00 NOTES 1)The aforesaid consol fin results of IIML(Holding Company), its subsidiaries (Holding Co & its subsidiaries together constitute the “Group”) & jointly controlled entities for quarter & year ended 31-03-2024 along-with comparative quarter & year have been reviewed by Audit Comm & subsequently approved by BOD of Company at their meeting held on 22-05-2024 in terms of Reg 33 of the SEBI LODR 2)The financial results have been prepared in accordance with Ind AS as per the Companies (Ind AS) Rules 2015 notified under Sec 133 of the Companies Act, 2013 (CA2013) & other relevant provisions of CA2013 as amended from time to time 3)As per requirements of Ind AS 108 on ‘Operating Segments’, based on evaluation of financial info for allocation of resources & assessing performance, the 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 IndAS 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 Co.) 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 the Petition filed by them on 01-10-2018 5)Based on another petition of MCA u/s 130(1) of CA2013, NCLT has, on 01-01-2019, ordered reopening of books of a/c 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 restat has been completed. The independent agency entrusted to do such re-opening of books of a/c & restat for Ultimate Holding Co & one of the fellow subsidiary, have confirmed that there is no impact on financial info of Company. In respect of other fellow subsidiarys reopening & restat a similar assertion has been received from the fellow subsidiary 6)The term of most of existing funds being managed/advised by Holding Co & few of its subco has already been over. Other funds being managed/advised by Holding Co & few of its sub Group are approaching end of their term in near future which has resulted in significant reduction in such entities fee revenue. Mgmt expects that its future income from existing funds being managed/advised together with liquid assets held by Group as at 31-03-2024 will be adequately sufficient to meet Group's existing & future obligations arising over the next 12 months. Mgmt believes that use of going concern assumption for preparation of these financial results is appropriate 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 Company, subject to approval of shareholders and/or creditors of respective companies & necessary regulatory approvals. The Appointed Date for 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 fin stat of its subsidiary IIML Fund Managers (Singapore) Pte Ltd & its Joint Ventures IL&FS Milestone Realty Advisors Private Ltd & Standard Chartered IL&FS Management (Singapore) Pte Ltd have been prepared on the basis that it does not continue as a going concern 9)The figures for three months ended 31-03-2024 & 31-03-2023 are balancing figures between the audited figures with respect to full FY and the published unaudited year to date figures upto the 3rd quarter of the FY which were subject to limited review 10)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 11)Previous year numbers are regrouped/reclassified wherever necessary Single segment 2023-04-01 2024-03-31 Audited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 519239000.00 519239000.00 144936000.00 664175000.00 0.00 0.00 0.00 129341000.00 0.00 2477000.00 0.00 0.00 0.00 0.00 376342000.00 508160000.00 156015000.00 0.00 156015000.00 57725000.00 -22168000.00 35557000.00 120458000.00 0.00 0.00 0.00 8000.00 120466000.00 9783000.00 130249000.00 110975000.00 19274000.00 9880000.00 -97000.00 628085000.00 2 1395832000.00 0.32 0.32 0.00 0.00 0.32 0.32 0.00 0.00 0.00 Expected Credit loss arising on Receivables 5762000.00 Legal and Professional expense 51449000.00 Other Expenses 16145000.00 Rent expense 2717000.00 Expected Credit loss arising on Receivables 73988000.00 Legal and Professional expense 204388000.00 Other Expenses 84122000.00 Rent expense 13844000.00 192506000.00 1208349000.00 0.00 200537000.00 0.00 3006000.00 616801000.00 153149000.00 2374348000.00 0.00 49771000.00 0.00 0.00 0.00 4551000.00 0.00 0.00 0.00 191000.00 64960000.00 119473000.00 2493821000.00 628085000.00 1395832000.00 2221802000.00 0.00 0.00 2389000.00 82088000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84477000.00 0.00 26069000.00 77652000.00 83821000.00 187542000.00 2493821000.00 Actuarial Gain/(loss) of the defined benefit plans 59000.00 Actuarial Gain/(loss) of the defined benefit plans -244000.00 59000.00 -244000.00 516000.00 2018000.00 Gain/(Loss) on Foreign currency translation reserve 2317000.00 Gain/(Loss) on Foreign currency translation reserve 12045000.00 2317000.00 12045000.00 0.00 0.00 1860000.00 9783000.00 0.00 0.00 -103318000.00 0.00 0.00 0.00 13494000.00 -43236000.00 0.00 -11597000.00 0.00 0.00 0.00 2477000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5420000.00 0.00 0.00 0.00 0.00 0.00 -147600000.00 8415000.00 -6000.00 0.00 -82076000.00 22334000.00 34967000.00 -61034000.00 0.00 0.00 140619000.00 0.00 0.00 0.00 0.00 0.00 33000.00 3272000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 68758000.00 0.00 77333000.00 0.00 283471000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 277206000.00 0.00 0.00 0.00 -277206000.00 -54769000.00 12046000.00 -42723000.00 235228000.00 192505000.00