IVC2023-07-012023-09-30 IVC2023-07-012023-09-30 IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses04Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses04Member IVC2023-09-30 IVC2023-09-30 IVC2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NOTLISTED IL&FS Investment Managers Limited Equity 2023-04-01 2024-03-31 2023-11-09 2023-10-12 INR Lakhs Half yearly 2023-11-09 12:00:00 2023-11-09 13:10:00 true Cash Flow Indirect Not applicable Single segment Management Fee 2023-07-01 2023-09-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6127000.00 6127000.00 9446000.00 15574000.00 0.00 0.00 0.00 13187000.00 0.00 81000.00 0.00 0.00 0.00 0.00 9191000.00 22459000.00 -6886000.00 0.00 -6886000.00 0.00 -4863000.00 -4863000.00 -2023000.00 0.00 0.00 0.00 0.00 -2023000.00 -1161000.00 -3184000.00 -3184000.00 0.00 628085000.00 2 -0.01 -0.01 0.00 0.00 -0.01 -0.01 0.00 0.00 0.00 NOTES : (1) The financial results have been prepared in accordance with the recognition & measurement principles laid down in Indian AS 34 – Interim Financial Reporting, notified under Sec 133 of Companies Act 2013 read with Companies (Indian Accounting Standards) Rules 2015, as amended from time to time & other accounting principles generally accepted in India (2) The above standalone financial results for the quarter ended 30-09-2023 along-with comparative quarter have been reviewed by the Audit Committee & subsequently approved by the Board of Directors of the Company at their respective meetings held on 09-11-2023 in terms of Regulation 33 of the SEBI LODR Regulations, 2015. The standalone financial results for the quarter ended as on 30-09-2023 have been reviewed by the statutory auditors of the Company (3) As per requirements of Ind AS 108 on ‘Operating Segments’, based on evaluation of financial information for allocation of resources & assessing performance, the Company 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 Ind AS 108 on operating segment (4) MCA, Government of India, has vide its letter dated 01-10-2018 initiated investigation by SFIO against Infrastructure Leasing & Financial Services Limited (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 has impleaded various Group Companies of IL&FS (which includes the Company) as Respondents to the Petition filed by them on 01-10-2018. Further based on another petition of the MCA under Sec 130 (1) of the Companies Act, 2013, the NCLT has, on 01-01-2019, ordered re-opening of books of accounts for the past FY 2012-13 to FY 2017-18 of ‘IL&FS’ (‘the Ultimate Holding Company’), IL&FS Financial Services Limited (‘IFIN’ a fellow subsidiary) & IL&FS Transportation Networks Limited (‘ITNL’ a fellow subsidiary). While the Company, based on its current understanding, believes that the above would not have a material impact on the financial results, the implications, if any, arising from the aforesaid developments would be known only after the aforesaid matters are concluded & hence are not determinable at this stage (5) The term of most of the existing funds being managed/advised by the Company has already been over. Other funds being managed/advised by the company are approaching end of their term in 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 30-09-2023 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 (6) The Board of Directors of the Company at its meeting held on 14-02-2022 approved a Scheme of Amalgamation of its two WOS, IL&FS Asian Infrastructure Managers Limited & IIML Asset Advisors Limited with the Company, subject to approval of shareholders and/or creditors of the respective companies & necessary regulatory approvals. The Appointed Date for the said Scheme of Amalgamation is scheduled to be 01-04-2022. The Company has filed an application for the same with NCLT, Mumbai (7) Previous year numbers are regrouped/reclassified wherever necessary Single segment 2023-04-01 2023-09-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8487000.00 8487000.00 34098000.00 42586000.00 0.00 0.00 0.00 25718000.00 0.00 195000.00 0.00 0.00 0.00 0.00 30221000.00 56134000.00 -13548000.00 0.00 -13548000.00 0.00 -4608000.00 -4608000.00 -8940000.00 0.00 0.00 0.00 0.00 -8940000.00 -464000.00 -9404000.00 -9404000.00 0.00 628085000.00 2 -0.03 -0.03 0.00 0.00 -0.03 -0.03 0.00 0.00 0.00 Legal and Professional expense 4973000.00 Net loss on sale of non-current Investment 0.00 Other Expenses 2409000.00 Rent expense 1809000.00 Legal and Professional expense 7519000.00 Net loss on sale of non-current Investment 13420000.00 Other Expenses 5665000.00 Rent expense 3617000.00 5713000.00 22182000.00 0.00 0.00 0.00 649000.00 784268000.00 6250000.00 819062000.00 0.00 30172000.00 10100000.00 0.00 0.00 516000.00 0.00 0.00 0.00 0.00 42117000.00 82905000.00 901967000.00 628085000.00 239664000.00 867749000.00 0.00 1253000.00 4734000.00 0.00 0.00 0.00 0.00 0.00 0.00 28231000.00 34218000.00 0.00 0.00 0.00 0.00 0.00 901967000.00 Actuarial Gain of the defined benfit plans -1551000.00 Actuarial Gain of the defined benfit plans -620000.00 -1551000.00 -620000.00 -390000.00 -156000.00 -1161000.00 -464000.00 0.00 0.00 0.00 0.00 0.00 0.00 -1573000.00 -20754000.00 0.00 -2296000.00 0.00 0.00 0.00 195000.00 0.00 0.00 0.00 0.00 0.00 0.00 6000.00 17000.00 0.00 195000.00 0.00 0.00 0.00 -2271000.00 0.00 -26527000.00 -40075000.00 0.00 0.00 0.00 335000.00 0.00 -40410000.00 0.00 0.00 295265000.00 0.00 0.00 0.00 0.00 0.00 0.00 60000.00 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 6000.00 17000.00 0.00 0.00 0.00 295228000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251226000.00 0.00 0.00 0.00 -251226000.00 3592000.00 0.00 3592000.00 2121000.00 5713000.00