The Exchange had sought clarification from IL&FS Investment Managers Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.
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IL&FS Investment Managers Limited responded to NSE's query about the late filing of its consolidated financial results for the quarter and half-year ended September 30, 2025. The company clarified that the results were actually approved by the Board on February 13, 2026 and submitted to the exchange on the same day, blaming the delay on the parent IL&FS resolution process, and has filed a waiver application with NSE. The filing also includes Q3/9M FY26 (Dec 31, 2025) results: consolidated H1 FY26 PAT came in at Rs 367.07 lakhs (vs a loss of Rs 225.17 lakhs a year ago), while standalone Q3 FY26 swung to a loss of Rs 159.34 lakhs from a Rs 141.23 lakh profit in the year-ago quarter. The Board also approved the appointment of Ms. Jayashree Ramaswamy, Group CFO of IL&FS, as an Additional (Nominee) Director. The auditor flagged material uncertainty over the group's ability to continue as a going concern due to declining fee income and no new fund raise, and noted that the parent IL&FS is still working on a resolution plan that includes selling its entire stake in the company.
Shareholders should note the significant delay in publishing results (Sep 2025 quarter results approved only in Feb 2026), persistent going-concern doubts highlighted by the auditor, and the ongoing uncertainty around the parent IL&FS's stake sale. While consolidated H1 FY26 turned profitable largely on other income, the standalone Q3 FY26 loss signals weak core fee earnings, which is a negative signal for the stock.