IL&FS Investment Managers Limited has informed the Exchange regarding Appointment of Ms. Jayashree Ramaswamy as Non- Executive Director in the category of Nominee Director (Non-Executive), pursuant to her nomination by the Holding Company, Infrastructure Leasing & Financial Services Limited (IL&FS) of the company w.e.f. February 13, 2026.
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IL&FS Investment Managers informed the exchanges about three items from its board meeting on February 13, 2026. First, Ms. Jayashree Ramaswamy (DIN: 02235205) was appointed as an Additional Non-Executive Nominee Director, nominated by the holding company IL&FS, effective the same day. She is currently the Group CFO of IL&FS with over 36 years of finance experience across IT and financial services. Second, the board approved unaudited consolidated financial results for Q2 and H1 FY26 (ended Sept 30, 2025), reporting consolidated total revenue of Rs 1,103.29 lakhs for the quarter and profit after tax of Rs 344.06 lakhs. Third, it approved unaudited standalone and consolidated results for Q3 and 9M FY26 (ended Dec 31, 2025), with standalone Q3 showing a loss of Rs 159.34 lakhs against revenue of just Rs 66.77 lakhs. The auditors issued qualified conclusions citing ongoing SFIO investigation, possible overstatement of unbilled revenue at subsidiary APUIAML, and a material going-concern uncertainty due to declining fee revenue as existing funds approach end of term.
The director appointment is a routine nominee addition from the holding company and unlikely to move the stock. The financials highlight a sharp revenue decline in Q3 standalone (essentially zero fee income) and reinforce the going-concern flag from auditors, which combined with the ongoing IL&FS resolution and sale process may keep the stock under pressure.