IVC2024-07-012024-09-30 IVC2024-07-012024-09-30 IVC2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member IVC2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member IVC2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member IVC2024-07-012024-09-30in-bse-fin:OneOperatingExpenses04Member IVC2024-07-012024-09-30in-bse-fin:OneOperatingExpenses05Member IVC2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member IVC2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member IVC2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member IVC2024-07-012024-09-30in-bse-fin:FourOperatingExpenses04Member IVC2024-07-012024-09-30in-bse-fin:FourOperatingExpenses05Member IVC2024-09-30 IVC2024-09-30 IVC2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NA IL&FS Investment Managers Limited Equity 2024-04-01 2025-03-31 2024-11-14 2024-10-17 INR Lakhs Half yearly 2024-11-14 12:30:00 2024-11-14 14:25:00 true Cash Flow Indirect Not applicable Single segment Management Fee 2024-07-01 2024-09-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2965000.00 2965000.00 17131000.00 20096000.00 0.00 0.00 0.00 14783000.00 0.00 102000.00 0.00 0.00 0.00 0.00 15202000.00 30087000.00 -9991000.00 0.00 -9991000.00 -496000.00 -490000.00 -986000.00 -9005000.00 0.00 0.00 0.00 0.00 -9005000.00 -347000.00 -9352000.00 -9352000.00 0.00 628085000.00 2 -0.03 -0.03 0.00 0.00 -0.03 -0.03 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 Ind AS 34 – Interim Financial Reporting, notified under Sec 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 NCLT, Mumbai has passed an Order dated 26-07-2024 approving the Scheme of Amalgamation (“the Scheme”) of its two wholly owned subsidiaries IL&FS Asian Infrastructure Managers Ltd and IIML Asset Advisors Ltd with the Company, with appointed date as 01-04-2022. Upon completion of the formalities on 23-08-2024 the Scheme has become effective from the Appointed Date i.e. 01-04-2022 Since the amalgamated entities are under common control, the accounting of the said amalgamation been done applying Pooling of Interest method as prescribed in Appendix C of Ind AS 103 “Business Combinations”. While applying Pooling of Interest method, the Company has recorded all assets, liabilities and reserves attributable to the wholly owned subsidiaries at their carrying values as appearing in the consolidated financial statements of the Company. Consequently, the previous year/ periods figures have been restated considering that the amalgamation has taken place from the beginning of the preceding period i.e. 01-04-2022 as required under Appendix C of Ind AS 103 (3) The above standalone financial results for the quarter ended 30-09-2024 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 14-11-2024 in terms of Reg 33 of the SEBI LODR. The standalone financial results for the quarter ended as on 30-09-2024 have been reviewed by the Statutory Auditors of the Company (4) As per requirements of Ind AS 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 Ind AS 108 on operating segment (5) 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. Mgmt expects that its future income from existing Funds being managed/advised together with liquid assets held by the Company as at 30-09-2024 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. 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 the process is underway (6) ACRA Singapore has approved the liquidation of IIML Fund Managers (Singapore) Pte Ltd on 07-11-2024 (7) The Final meeting of Standard Chartered IL&FS Management (Singapore) Pte Ltd was held on 27-09-2024 and the necessary filings for striking off the entity have been completed. The striking off of the entity shall be completed on receipt of approvals from ACRA Singapore (8) Previous year/periods numbers are regrouped/reclassified wherever necessary Single segment 2024-04-01 2024-09-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7500000.00 7500000.00 22285000.00 29785000.00 0.00 0.00 0.00 27925000.00 0.00 203000.00 0.00 0.00 0.00 0.00 42800000.00 70927000.00 -41143000.00 0.00 -41143000.00 -5000.00 1273000.00 1268000.00 -42411000.00 0.00 0.00 0.00 0.00 -42411000.00 1137000.00 -41274000.00 -41274000.00 0.00 628085000.00 2 257317000.00 -0.14 -0.14 0.00 0.00 -0.14 -0.14 0.00 0.00 0.00 Legal and Professional expense 3608000.00 Net loss on sale of non-current Investment 88016000.00 Other Expenses 10190000.00 Provision for diminution in value of Investment -88446000.00 Rent Expense 1834000.00 Legal and Professional expense 6274000.00 Net loss on sale of non-current Investment 108553000.00 Other Expenses 12750000.00 Provision for diminution in value of Investment -88446000.00 Rent Expense 3669000.00 137895000.00 19755000.00 0.00 0.00 0.00 536000.00 690032000.00 3173000.00 851390000.00 0.00 24968000.00 4687000.00 0.00 0.00 183000.00 0.00 0.00 0.00 0.00 53534000.00 83373000.00 934763000.00 628086000.00 257317000.00 885403000.00 1750000.00 3223000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4973000.00 0.00 4279000.00 0.00 40108000.00 44387000.00 934763000.00 Actuarial Gain of the defined benfit plans -464000.00 Actuarial Gain of the defined benfit plans 1520000.00 -464000.00 1520000.00 -117000.00 382000.00 0.00 0.00 -347000.00 1137000.00 0.00 0.00 0.00 0.00 0.00 0.00 3213000.00 -5714000.00 0.00 1364000.00 0.00 0.00 0.00 203000.00 0.00 0.00 0.00 18207000.00 0.00 0.00 0.00 0.00 0.00 7458000.00 0.00 90091000.00 0.00 -88446000.00 0.00 26376000.00 -14767000.00 -7000.00 0.00 -3816000.00 377000.00 0.00 -18967000.00 0.00 0.00 232351000.00 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 0.00 0.00 0.00 0.00 0.00 0.00 7000.00 6903000.00 0.00 0.00 0.00 239261000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 219823000.00 0.00 0.00 0.00 -219823000.00 471000.00 0.00 471000.00 137424000.00 137895000.00