IL&FS Investment Managers Limited — Board Meeting, 18-07-2025: Outcome of Board Meeting

IL&FS Investment Managers' board has approved its annual consolidated financial results for March 31, 2025. Auditors issued a qualified opinion due to an ongoing SFIO investigation into the IL&FS Group, noting inability to comment on the potential impact. They also highlighted a "material uncertainty" regarding the company's "going concern" status due to significantly reduced fee revenue and no immediate new fundraise, though management believes it can meet obligations. Additionally, M/s Mehta & Mehta were appointed as Secretarial Auditors for five years, subject to shareholder approval. The IL&FS Board is actively pursuing the sale of its stake in the company, with interested bidders.