IL&FS Investment Managers 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 Investment Managers Limited (IIML) has filed a Regulation 31(4) declaration with the stock exchange, confirming that no new encumbrance has been created on shares of IIML by IL&FS (the promoter) during FY ending March 31, 2025, beyond what was already disclosed. The disclosure reiterates that IL&FS had offered its IIML shares as part of a pooled security package to the Debenture Trustee way back in FY 2013-14 to protect debenture holders' interests. Because the arrangement is not classified as a 'loan against securities,' the specific charge on these shares has not been formally recorded as a pledge with the depository. This is essentially a routine annual compliance filing with no new transaction or change in encumbrance status.
This is a routine regulatory compliance disclosure with no fresh action — no new encumbrance, invocation, or release of shares. Retail investors should note that IL&FS's shareholding in IIML continues to remain encumbered (lien) in favour of debenture trustees, a legacy matter from the 2013-14 IL&FS debt crisis, but there is no new development affecting shareholding or stock price.