IVC2024-04-012024-06-30 IVC2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member IVC2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member IVC2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member IVC2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member IVC2024-06-30 IVC2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NA IL&FS Investment Managers Limited Equity 2024-04-01 2025-03-31 2024-08-12 2024-07-17 INR Lakhs First quarter 2024-08-12 12:00:00 2024-08-12 13:30:00 false Not applicable Single segment Management Fee 2024-04-01 2024-06-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4534000.00 4534000.00 2261000.00 6795000.00 0.00 0.00 0.00 13142000.00 0.00 101000.00 0.00 0.00 0.00 0.00 27488000.00 40731000.00 -33936000.00 0.00 -33936000.00 0.00 1753000.00 1753000.00 -35689000.00 0.00 0.00 0.00 0.00 -35689000.00 1484000.00 -34205000.00 1484000.00 0.00 628085000.00 2 -0.11 -0.11 0.00 0.00 -0.11 -0.11 0.00 0.00 0.00 NOTES: 1)The financial results have been prepared in accordance with the recognition and measurement principles laid down in IndAS 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 2)The above standalone financial results for the quarter ended 30-06-2024 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 12-08-2024 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The standalone financial results for the quarter ended as on 30-06-2024 have been reviewed by the statutory auditors of the Company 3)Figures for the quarter ended 31-03-2024 are balancing figures between the audited figures in respect of the full financial year ended 31-03-2024 and the unaudited published year to date figures upto third quarter ended 31-12-2023 which were subjected to a limited review by the Statutory Auditors of the Company 4)As per requirements of IndAS 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 IndAS 108 on operating segment 5)The MCA, Government of India, has vide its letter dated 01-10-2018 initiated investigation by SFIO against IL&FS, the Holding Company and its subsidiaries (including the Company) under Section 212(1) of the Companies Act, 2013. On 03-12-2018, MCA on the directions of the NCLT, Mumbai has impleaded various Group Companies of IL&FS (which includes the Company) as Respondents to the Petition filed by them on 01-10-2018 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 30-06-2024 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 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 21-12-2023 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 due diligence for the investment is in progress 7)The NCLT, Mumbai has passed order dated 26-07-2024 approving the Scheme of Amalgamation of its two WOS; IL&FS Asian Infrastructure Managers Limited and IIML Asset Advisors Limited with the Company, with appointed date as 01-04-2022. The Scheme of Amalgamation will be effective once the ROC, Mumbai takes the said order on record and approves the same 8)The Final meeting of IIML Fund Managers (Singapore) Pte Ltd which is in Member’s Voluntary Liquidation was held on 06-08-2024 and the necessary filings have been completed with Accounting and Corporate Regulatory Authority, Singapore 9)Previous year numbers are regrouped/reclassified wherever necessary Legal and Professional expense 2564000.00 Net loss on sale of non-current Investment 20538000.00 Other Expenses 2552000.00 Rent expense 1834000.00 0.00 0.00 0.00 0.00 Actuarial Gain of the defined benefit plans 1983000.00 1983000.00 499000.00 0.00 1484000.00