IL&FS Investment Managers Limited has informed the Exchange about receipt of reply from SEBI disposing application for grant of extension for adoption of consolidated financial results for FY 2024-2025
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Awaiting price reaction for this filing.
IL&FS Investment Managers had applied to SEBI on May 21 and June 4, 2025, seeking a 60-day extension to file its consolidated financial results for the quarter and year ended March 31, 2025. SEBI rejected this request on July 10, 2025, asking the company to comply with the standard LODR Regulations timeline. The company has now scheduled a Board Meeting on July 18, 2025 to adopt the audited consolidated financial results for FY 2024-25. As a consequence of the delay, the company will have to pay a penalty of Rs. 5,000 per day of default starting from May 30, 2025 until the results are adopted. This marks another compliance setback for the IL&FS group entity, which has had a troubled history since the 2018 IL&FS crisis.
Short-term negative — the company faces accumulated daily penalties and ongoing governance/compliance scrutiny. The stock may see mild pressure, though a Board Meeting on July 18, 2025 should bring the matter to closure quickly. Investors should watch for the timely release of the consolidated results and any further regulatory action.