IVC2024-10-012024-12-31 IVC2024-10-012024-12-31 IVC2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member IVC2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member IVC2024-10-012024-12-31in-bse-fin:OneOperatingExpenses03Member IVC2024-10-012024-12-31in-bse-fin:OneOperatingExpenses04Member IVC2024-10-012024-12-31in-bse-fin:OneOperatingExpenses05Member IVC2024-10-012024-12-31in-bse-fin:OneOperatingExpenses06Member IVC2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member IVC2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member IVC2024-10-012024-12-31in-bse-fin:FourOperatingExpenses03Member IVC2024-10-012024-12-31in-bse-fin:FourOperatingExpenses04Member IVC2024-10-012024-12-31in-bse-fin:FourOperatingExpenses05Member IVC2024-10-012024-12-31in-bse-fin:FourOperatingExpenses06Member IVC2024-12-31 IVC2024-12-31 IVC2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IVC2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NOTLISTED IL&FS Investment Managers Limited Equity 2024-04-01 2025-03-31 2025-02-14 2025-02-04 INR Lakhs Third quarter 2025-02-14 16:00:00 2025-02-14 17:00:00 false Not applicable Single segment Management Fees 2024-10-01 2024-12-31 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 85226000.00 85226000.00 52171000.00 137397000.00 0.00 0.00 0.00 25575000.00 0.00 570000.00 0.00 0.00 0.00 0.00 65273000.00 91418000.00 45979000.00 0.00 45979000.00 10017000.00 -1187000.00 8830000.00 37149000.00 0.00 0.00 0.00 -97000.00 37052000.00 14013000.00 51065000.00 32322000.00 4730000.00 46368000.00 4697000.00 628085000.00 2 0.10 0.10 0.00 0.00 0.10 0.10 0.00 0.00 0.00 1.The aforesaid consol financial results of IL&FS Investment Managers Limited (“Holding Company”), its subsidiaries (Holding Company & its subsidiaries together constitute the “Group”) & jointly controlled entities for qtr & nine months ended 31-12-24 alongwith comparative period have been reviewed by the Audit Committee & subsequently approved by BODs of the Co. at its meeting held on 13-2-25 in terms of Reg 33 of LODR Regulations, 2015. The financial results for the qtr & nine months ended 31-12-24 have been subjected to Ltd Review by the Stat Auditors of the Co. 2.The financial results have been prepared in accordance with the recognition&measurement principles laid down in IndAS 34 – Interim Financial Reporting, notified under Sec133 of the Cos Act ‘13 read with Companies (IndAS) Rules 2015, as amendedfrom time to time &other GAAP in India 3.NCLT, Mumbai has passed an Order dt. 26-7-24 approving the Scheme of Amalgamation (“the Scheme”) of its 2 WOS IL&FS Asian Infrastructure Managers Limited & IIML Asset Advisors Limited with Holding Co, with appointed date as 1-4-22. Upon completion of formalities on 23-8-24 the Scheme has become effective from theAppointedDate i.e. 1-4-22. Consequently, the abovementioned WOS of the Holding Co.stand dissolved without windingup 4.As per requirements of IndAS 108-Operating Segments, based on evaluation of financial information for allocation of resources&assessing performance, Grp 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.MCA, GOI, has vide letter dt 1-10-2018 initiated investigation by SFIO against IL&FS, the Holding Co. & its subsidiaries (incl. the Co) under Sec 212(1) of the Co. Act’13. On 3-12-18, MCA on the directions of the NCLT, Mumbai has impleaded various Grp Companies of IL&FS (incl. the Co.) as Respondents to the Petition filed by them on 1-10-18. The Holding Co has received the Summary of Charges sent by the MCA through IL&FS, based on which the required action has been completed 6.The term of most of the existing funds being managed/advised by the Grp has already been over. Other funds being managed/advised by the Grp are approaching end of their term in near future which has resulted/is likely to result in significant reduction in the Grp’s fee revenue. Mgmt expects that its future income from existing funds being managed/advised together with liquid assets held by the Grp as at 31-12-24 will be adequately sufficient to meet the Grp's existing &future obligations arising over the next 12 months. Mgmt believes that use of the going concern assumption for preparation of these financial results is appropriate 7. IL&FS Board has been working on a resolution plan, with a view to enable value preservation for stakeholders of IL&FS Grp. Resolution plan, inter alia, involves sale of assets/businesses/companies owned by IL&FS & IL&FS Board has on 21-12-23 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 & the process is underway 8.Final meeting of IIML Fund Managers (Singapore) Pte Ltd which is in Member’s Voluntary Liquidation was held on 6-8-24 &necessary filings have been completed with ACRA, Singapore. ACRA has approved the liquidation on 7-11-24 9.Final meeting of Standard Chartered IL&FS Management (Singapore) Pte Ltd was held on 27-9-24 & the necessary filings for striking off the entity have been completed with the ACRA, Singapore. The striking off of the entity shall be completed on receipt of approvals from ACRA 10.The Co. has 6 Subsidiaries & 2 Jointly Controlled Entities as at 31-12-24 11.F/s of its JV IL&FS Milestone Realty Advisors Private Ltd has been prepared on the basis that it does not continue as a going concern 12.PY nos. are regrouped/reclassified wherever necessary Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 214998000.00 214998000.00 108556000.00 323554000.00 0.00 0.00 0.00 85901000.00 0.00 1928000.00 0.00 0.00 0.00 0.00 176935000.00 264764000.00 58790000.00 0.00 58790000.00 26302000.00 17857000.00 44159000.00 14631000.00 0.00 0.00 0.00 1045000.00 15676000.00 20432000.00 36108000.00 8682000.00 6994000.00 29011000.00 7097000.00 628085000.00 2 0.03 0.03 0.00 0.00 0.03 0.03 0.00 0.00 0.00 Expected Credit loss arising on Receivables 17618000.00 Fair Value (gain) / loss on Investments measured at FVTPL 0.00 Legal and Professional expense 31519000.00 Net Loss on sale of non-current Investments 0.00 Other Expenses 12678000.00 Rent Expense 3458000.00 Expected Credit loss arising on Receivables -2710000.00 Fair Value (gain) / loss on Investments measured at FVTPL 7457000.00 Legal and Professional expense 101364000.00 Net Loss on sale of non-current Investments 19838000.00 Other Expenses 39945000.00 Rent Expense 11041000.00 0.00 0.00 0.00 0.00 Actuarial Gain of the defined benefit plans -986000.00 Actuarial Gain of the defined benefit plans 905000.00 -986000.00 905000.00 30000.00 506000.00 Gain/(Loss) on Foreign currency translation reserve (net) 18010000.00 Gain/(Loss) on Foreign currency translation reserve (net) 12415000.00 18010000.00 12415000.00 2981000.00 -7618000.00 14013000.00 20432000.00