IL&FS Investment Managers Limited — Others, 14-11-2024: Change in Director(s)

The Board of Directors of IL&FS Investment Managers Limited has announced a board meeting where they reviewed and approved the financial results for the quarter and half-year ended September 30, 2024. The standalone total revenue was reported at ₹2.01 crore (cr), with a net loss after tax of ₹0.90 cr, reflecting ongoing financial challenges due to reduced fee revenues. Additionally, Mr. Gaurav Khungar has been appointed as a Non-Executive Nominee Director from IL&FS, a move aimed at reinforcing governance. This update may indicate potential governance improvements, but financial uncertainties may caution investors.