IL&FS Investment Managers Limited has informed the Exchange about General Updates -Board Comments on Fine Levied by Stock Exchanges for non-compliance with Regulation 33 of SEBI (LODR), 2015
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IL&FS Investment Managers informed the exchanges about its Board's response to a fine imposed by NSE and BSE for late filing of consolidated financial results for the quarter and year ended March 31, 2025. The Board attributed the delay to factors beyond the company's control, specifically the late receipt of audited financial statements from two material subsidiaries despite sustained follow-ups by management. The company had already filed two extension applications with SEBI on May 21 and June 4, 2025, paying Rs 1,00,000 in fees, and had submitted standalone results on time. The Board has now authorised management to apply for a waiver of the fine from both NSE and BSE, and directed stricter internal timelines to prevent recurrence.
While the fine itself is a minor regulatory penalty, the episode highlights operational coordination challenges with subsidiaries. The company's proactive response—filing extension requests, paying fees, and now seeking a waiver—suggests limited long-term damage, but investors should watch for any further compliance lapses.