IL&FS Investment Managers Limited — Others, 24-02-2025: Shareholders meeting

IL&FS Investment Managers Limited has called for a postal ballot to seek shareholder approval for the re-designation of Ms. Lubna Ahmad Usman as Executive Director in the role of Whole-time Director for three years, effective January 1, 2025, through a remote e-voting process. Her consolidated monthly remuneration is set at ₹6.77 lakh, with provisions for performance-related pay. The move follows the superannuation of the previous CEO & CFO and aims to strengthen leadership during the ongoing resolution framework for the company. Investors may view this as a positive outlook due to her substantial experience and strategic role, though risks remain linked to the company's ongoing financial adjustments.