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 IVC2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IVC2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52038000.00 52038000.00 34501000.00 86539000.00 0.00 0.00 0.00 28632000.00 0.00 623000.00 0.00 0.00 0.00 0.00 24756000.00 54011000.00 32528000.00 0.00 32528000.00 9311000.00 8533000.00 17844000.00 14684000.00 0.00 0.00 0.00 1186000.00 15870000.00 -7022000.00 8848000.00 10458000.00 5412000.00 3263000.00 5585000.00 628085000.00 2 0.03 0.03 0.00 0.00 0.03 0.03 0.00 0.00 0.00 NOTES (1) The aforesaid consolidated financial results of IL&FS Investment Managers Ltd (the “Holding Company”), its subsidiaries (the Holding Company and its subsidiaries together constitute the “Group”) and jointly controlled entities for the quarter and half year ended 30-09-2024 along-with comparative period have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at its meeting held on 14-11-2024 in terms of Reg 33 of the SEBI LODR. The financial results for the quarter and half year ended 30-09-2024 have been subjected to Limited Review by the Statutory Auditors of the Company (2) The NCLT, Mumbai has passed 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. The aforesaid scheme has no impact on the Consolidated Financial Statements of the Group since the scheme of amalgamation was within the parent company and wholly owned subsidiaries (3) As per requirements of Ind AS 108 on ‘Operating Segments’, based on evaluation of financial information for allocation of resources and assessing performance, the Group 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 (4) 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 Group’s fee revenue. Management expects that its future income from existing funds being managed/advised together with liquid assets held by the Group as at 30-09-2024 will be adequately sufficient to meet the Group'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 (5) ACRA Singapore has approved the liquidation of IIML Fund Managers (Singapore) Pte Ltd on 07-11-2024 (6) 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 (7) The financial statements of its Joint Venture IL&FS Milestone Realty Advisors Private Ltd has been prepared on the basis that it does not continue as a going concern (8) Previous year numbers are regrouped/reclassified wherever necessary Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 129772000.00 129772000.00 56385000.00 186157000.00 0.00 0.00 0.00 60326000.00 0.00 1358000.00 0.00 0.00 0.00 0.00 111662000.00 173346000.00 12811000.00 0.00 12811000.00 16284000.00 19044000.00 35329000.00 -22517000.00 0.00 0.00 0.00 1142000.00 -21376000.00 6419000.00 -14956000.00 -23639000.00 2264000.00 -17356000.00 2400000.00 628085000.00 2 1168302000.00 -0.08 -0.08 0.00 0.00 -0.08 -0.08 0.00 0.00 0.00 Expected Credit Loss arising on receivables -21836000.00 Legal and Professional expense 30595000.00 Net loss on sale of non-current Investment -699000.00 Other Expenses 13014000.00 Rent Expense 3683000.00 Expected Credit Loss arising on receivables -12872000.00 Legal and Professional expense 69845000.00 Net loss on sale of non-current Investment 19838000.00 Other Expenses 27267000.00 Rent Expense 7583000.00 146345000.00 1267111000.00 0.00 116877000.00 0.00 2413000.00 396026000.00 174364000.00 2103136000.00 0.00 55372000.00 0.00 0.00 0.00 3731000.00 0.00 0.00 0.00 155000.00 75938000.00 135195000.00 2238332000.00 628086000.00 1168302000.00 1996671000.00 1750000.00 60800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 62550000.00 0.00 23362000.00 86573000.00 69175000.00 179110000.00 2238332000.00 Remeasurements of the defined benefit liabilities / (asset) -81000.00 Remeasurements of the defined benefit liabilities / (asset) 1891000.00 -81000.00 1891000.00 547000.00 -10123000.00 Exchange differences in translating the financial statements of foreign operations -6394000.00 Exchange differences in translating the financial statements of foreign operations -5595000.00 -6394000.00 -5595000.00 0.00 0.00 -7022000.00 6419000.00 0.00 0.00 106338000.00 0.00 -10013000.00 927000.00 0.00 -29975000.00 0.00 -21926000.00 0.00 -14505000.00 0.00 1358000.00 0.00 -23036000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7458000.00 0.00 1350000.00 0.00 1142000.00 0.00 19117000.00 31928000.00 -7000.00 0.00 -37718000.00 21885000.00 0.00 -27683000.00 0.00 0.00 224241000.00 15244000.00 0.00 0.00 0.00 0.00 251000.00 727000.00 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 44580000.00 0.00 -46161000.00 0.00 206940000.00 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 -5595000.00 -225418000.00 -46161000.00 0.00 -46161000.00 192506000.00 146345000.00