Il&FS Infrastructure Leasing & Financial Services Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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IL&FS, the promoter of IL&FS Investment Managers Limited (IIML), has submitted a declaration to NSE under SEBI Takeover Regulations confirming that no new encumbrance has been created on its IIML shares during the financial year ending March 31, 2025, beyond what was already disclosed. The existing encumbrance dates back to FY 2013-14, when IL&FS offered its IIML shares as part of a pooled asset security package to its Debenture Trustee to protect debenture holders' interests. Because the arrangement is not structured as a 'loan against securities', the lien is not recorded as a formal pledge in depository records.
This is a routine annual compliance filing and does not signal any new pledge, invocation, release, or change in promoter holding. Shareholders should note that the long-standing 2013-14 encumbrance on promoter's IIML shares remains in place as security for IL&FS debenture holders, but no fresh negative action is being taken.