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 IVC2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77734000.00 77734000.00 21884000.00 99618000.00 0.00 0.00 0.00 31693000.00 0.00 735000.00 0.00 0.00 0.00 0.00 86907000.00 119335000.00 -19717000.00 0.00 -19717000.00 6973000.00 10511000.00 17484000.00 -37201000.00 0.00 0.00 0.00 -44000.00 -37245000.00 13441000.00 -23804000.00 -34097000.00 -3148000.00 13478000.00 -37000.00 628085000.00 2 -0.11 -0.11 0.00 0.00 -0.11 -0.11 0.00 0.00 0.00 NOTES: 1)The aforesaid consolidated financial results of the Company (the “Holding Company”), its subsidiaries (the Holding Company & its subsidiaries together constitute the “Group”) & jointly controlled entities for the quarter ended 30-06-2024 along-with comparative quarter have been reviewed by the Audit Committee & subsequently approved by the Board of Directors of the Company at its meeting held on 12-08-2024 in terms of Reg 33 of the SEBI Listing Regulations 2)The financial results have been prepared in accordance with the recognition & measurement principles laid down in IndAS34 – Interim Financial Reporting, notified under Sect 133 of the Companies Act 2013 read with Companies (Indian Accounting Standards) Rules 2015, as amended from time to time & other accounting principles generally accepted in India 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 & 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 & assessing performance, the Group 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 IndAS 108 5)The MCA, GOI, has vide its letter dated 01-10-2018 initiated investigation by SFIO against IL&FS, the Holding Company & its subsidiaries (including the Company) under Sec 212(1) of the Companies Act, 2013. On 03-12-2018, MCA on the directions of the NCLT, Mumbai NCLT 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 & 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. & 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 & 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 Ltd & IIML Asset Advisors Ltd 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 & approves the same 8)The Final meeting of IIML Fund Managers (Singapore) Pte Ltd which is in Member’s Voluntary Liquidation was held 06-08-2024 & the necessary filings have been completed with Accounting & Corporate Regulatory Authority ACRA, Singapore 9)The financial statements 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 10)Previous year numbers are regrouped/reclassified wherever necessary Expected Credit Loss arising on receivables 8964000.00 Legal and Professional expense 39250000.00 Other expenses 34792000.00 Rent Expense 3901000.00 0.00 0.00 0.00 0.00 Actuarial Gain of the defined benefit plans 1972000.00 1972000.00 -10670000.00 Gain/(Loss) on Foreign currency translation reserve (net) 799000.00 799000.00 0.00 13441000.00