IL&FS Investment Managers Limited — Others, 31-12-2024: Change in Management

IL&FS Investment Managers Limited has held a board meeting where key decisions were made. With the completion of Mr. Manoj Borkar’s tenure, he will step down as Chief Executive Officer and Chief Financial Officer effective December 31, 2024. The board has approved Ms. Lubna Ahmad Usman’s re-designation as Whole-time Director for three years starting January 1, 2025, along with her appointment as CEO and CFO. Additionally, Mr. Sanjay Mitra has resigned as Company Secretary, effective January 15, 2025, citing personal reasons. This transition could foster stability in leadership, potentially enhancing investor confidence as the company navigates upcoming challenges.