Company Overview
IL&FS Investment Managers Limited reported significant financial turnaround for FY2025-26 with regulatory filings covering annual results, AGM notice, and corporate governance updates.
Financial Performance
Standalone Performance: Reported net profit of ₹479.13 crore versus loss of ₹2.18 crore in FY25, driven by dividend income. Total income stood at ₹552.88 crore (vs ₹90.48 crore FY2024-25).
Consolidated Performance: Net profit after tax of ₹47.88 crore (vs ₹142.44 crore FY25) with total income of ₹655.32 crore. Basic EPS reported at ₹0.12.
Balance Sheet: Cash and equivalents at ₹633.09 lakhs, investments totaling ₹7,732.17 lakhs (primarily mutual funds), and trade receivables net of ₹1,155.76 lakhs with significant allowance for credit losses of ₹1,810.07 lakhs.
Corporate Actions
- Dividend: Interim dividend of ₹0.50 per share already paid; Final dividend recommended: ₹0.70 per share aggregating ₹219.82 lakhs
- Record Date: September 15, 2026 for final dividend
- AGM: 40th Annual General Meeting scheduled for September 22, 2026 through Video Conferencing
Regulatory & Compliance Matters
- SFIO Investigation: Ongoing investigation since October 2018 under Companies Act, resulting in qualified audit opinions
- SEBI Action: Penalty for delayed submission of consolidated financial results for quarters ended June 30, 2025 and September 30, 2025
- Auditor Changes: M/s KKC & Associates LLP resigned effective August 13, 2026; replaced by M/s C N K & Associates LLP
Subsidiary Performance
Mixed results across subsidiaries:
- IL&FS Urban Infrastructure Managers: Loss of ₹73.44 lakhs
- Andhra Pradesh Urban Infrastructure Asset Management: Profit of ₹37.04 lakhs with ₹4,476.51 lakhs income
- IL&FS Infra Asset Management: Profit of ₹538.83 lakhs with ₹1,132.94 lakhs income
Corporate Developments
- Expression of Interest invited December 2023 for sale of IL&FS's entire stake in the company
- Board composition changes with Ms. Jayashree Ramaswamy appointed as Additional Director in February 2026
- Company categorized as "Green Entity" under IL&FS resolution process, able to meet all payment obligations
Contingencies & Risks
- Contingent liabilities include service tax demands of ₹1,185.22 lakhs, GST demand of ₹46.45 lakhs, and income tax demand of ₹3.63 lakhs
- Credit risk provision for trade receivables at ₹1,810.07 lakhs
- Group maintains no debt position with sufficient liquid assets (₹8,502.73 lakhs) to meet obligations
Governance & Compliance
Board comprises 6 directors with proper committee structure. Remote e-voting period set for September 19-21, 2026. Unclaimed dividend totaling ₹178.99 lakhs as of March 31, 2026 across multiple fiscal years.