Annual Secretarial Compliance Report for the period ended March 31, 2026
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IL&FS Investment Managers Ltd has submitted its Annual Secretarial Compliance Report for FY2025-26, revealing four instances of non-compliance identified by practicing company secretaries. First, there were delays in submitting consolidated quarterly financial results for Q4 FY25, Q1 FY26, and Q2 FY26 under Regulation 33, resulting in fines totaling Rs. 11.35 lakh (including GST) from both NSE and BSE, though waiver applications were submitted. Second, the Chairperson of the Stakeholders' Relationship Committee did not attend the adjourned Annual General Meeting. Third, disclosure of certain stock exchange notices was delayed under Regulation 30. Fourth, the company failed to record KMP and dividend-related events in its Structured Digital Database as required under insider trading regulations. Additionally, the company entered into a lease agreement with its holding company IL&FS without prior Audit Committee approval, which was later ratified.
The company has acknowledged these compliance lapses as procedural in nature with no impact on financial accuracy or investor interests. However, the cumulative effect of multiple regulatory violations and fines may signal weak internal controls to investors and regulators, warranting close monitoring of future compliance.