IL&FS Investment Managers Limited has informed the Exchange regarding Outcome of Board Meeting held on January 15, 2026.- Board approval on continuation of Independent Non-Executive Director of the Company beyond the age of 75 years and further approval seeking shareholders approval by way of Postal Ballot through remote e-voting, and has approved the draft Postal Ballot Notice along with the Explanatory Statement setting out the justification for such continuation. The Board has also approved the appointment of a Scrutinizer and authorised the concerned officers to undertake all acts and compliances in this regard
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At a board meeting held on January 15, 2026, IL&FS Investment Managers approved the continuation of an Independent Non-Executive Director (INED) beyond the age of 75 years. Under SEBI listing rules, such continuation requires shareholder approval, which the company will seek through a Postal Ballot via remote e-voting. The board approved the draft Postal Ballot Notice, the Explanatory Statement justifying the continuation, and appointed a Scrutinizer to oversee the voting process. Authorized officers were also empowered to handle all related compliance and procedural steps.
Shareholders will get to vote on whether to allow the INED to continue in office beyond the standard retirement age. The outcome could affect board composition and continuity, though this is a routine governance compliance step rather than a change in leadership.