Outcome of Board Meeting

ALILSFS | Private Equity IL&FS Investment Managers Limited The IL&FS Financial Centre | T +91 22 2653 3333 Plot C-22, G-Block F +91 22 2653 3056 Bandra Kurla Complex W wwwaiimlindia.com Bandra East | Mumbai 400 051 India Corporate Identification No - L65999MH1986PLC 147981 November 4, 2026 The Manager The Manager The Listing Department The Listing Department National Stock Exchange Limited BSE Limited Exchange Plaza, 5" Floor Phiroze Jeeyeebhoy Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai 400 001 Mumbai 400 051 NSE Symbol : IVC BSE Security Code : 511208 ISIN: INE050B01023 Subject: Outcome of the Board Meeting held on November 4, 2026 Dear Sir / Madam, Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Chapter HI of Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, issued by SEBI, we wish to inform you that the Board of Directors of IL&FS Investment Managers Limited (“the Company”) at its meeting held today, 1.e. November 4, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 as recommended by the Audit Committee. Please find enclosed a copy of the said Results along with the Auditors’ Limited Review Reports thereon as issued by the Statutory Auditors. The meeting of the Board commenced at 11:30 a.m. and concluded at 01.30 p.m. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For IL&FS Investment Managers Limited Prasad Chaoji Company Secretary & Compliance Officer Encl. as above CNK & Associates LLP | Chartered Accountants Independent Auditor’s Review Report on unaudited standalone financial results for the quarter and half yeat ended 30 September 2026 of IL&FS Investment Managers Limited pursuant to Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended Review Repott to The Board of Ditectors IL&FS Investment Managers Limited 1. We have teviewed the accompanying statement of unaudited standalone financial results of IL8cFS Investment Managers Limited (‘the Company) for the quarter and half year ended 30 September 2026 (‘the Statement’) attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’. 2. This Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34 (Ind AS 34) ‘Interim Financial Reporting’ prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our teview. 3. We conducted our review of the Statement in accordance with Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India (“ICAT’). This Standard requites that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A teview of interim | financial information consists of making inquiries, primarily of persons responsible for financial and accounting f matters, and applying analytical and other review procedures. A review substantially less in scope than an audit conducted in accordance with the Standards on Auditing and consequently does not enable us accordance with | Standards on Auditing under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4, Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to | our attention that causes us to believe that the accompanying Statement prepared in accordance with the tecognition and measurement principles laid down in the Ind AS 34 prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations including the mannet in which it is disclosed or that it contains any material misstatement. 5. Emphasis of Matter: a) We dtaw attention to Note 5 to the Statement which desctibes the ongoing investigation by Serious Fraud Investigation Office of Ministry of Corporate Affairs (SFIO’) against Infrastructure Leasing & Financial Setvices Limited (‘TL&ES’ or ‘the Ultimate Holding Company’) and its subsidiaties (including the company). In view of the aforesaid ongoing investigations of the entire IL&FS Group by the SFIO, including the Mistry Bkavan, 3rd Floot, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 501-5t 2, Narain Chambers, M.G. Road, Vile Patle (E), Mumbai 400 057. Tel: +91 22 6250 7600 Website: www.¢nkindia.com MUMBAI | CHENNAI | VADODARA | AHMEDABAD | GIFT CITY | GURUGRAM| BENGALURU | DELHI | PUNE | KOLKATA | DUBAI | ABU DHABI | SHARJAH summary of charges received from Ministry of Corporate Affaits in October 2024, pertaining to the mattets of the holding company and its domestic subsidiaries, the ultimate outcome of the aforesaid investigations and related proceedings, and their consequential impact, if any, on the accompanying financial results, are presently not ascertainable; b) We dtaw attention to Note 6 to the Statement which explains that the extended term of the existing funds managed / advised by the company ended during the previous year, resulting in no fee income being earned by the Company during the quarter and half year ended 30% September 2026. These conditions, along with other matters described in the aforesaid Note, indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern, However, based on the management’s assessment of the Company’s ability to mect its obligation as they fall due over the next twelve months, considcring its existing earnings and available liquid assets, management is of the view that the going concern assumption in the preparation of the standalone financial results is appropriate. Our conclusion is not modified in respect matters (a) & (b) above. 6. Other Matter: The review of unaudited financial results for the quarter ended 30" June 2026, review of unaudited financial results for the quarter/ half year ended 30th September 2025 and audit of annual financial results for the year ended 31st Match 2026 wete conducted by the predecessor auditors, KKC & Associates LLP, who had expressed a qualified conclusion / opinion, as the case may be, on those financial results vide their report dated 13 August 2026, 13 November 2025 and 29" May 2026 respectively; Accordingly, we do not express any conclusion/ opinion, as the case maybe, on the figures reported in the unaudited financial results for the quarter ended 30th June 2026, quartet/ half year ended 30th September 2025 and yeat ended 31st March 2026. Out conclusion is not modified in respect of these matters For CN K & Associates LLP Chartered Accountants Fitm Registration No.: 101961W/W-100036 Hiren Shah Partner Membership No: 100052 UDIN: 9600052 ZRECV Bos Place: Mumbai Date: 4% November 2026 AXILSFS | Private Equity IL&FS Investment Managers Limited IL&FS INVESTMENT MANAGERS LIMITED Registered Office : The IL&FS Financial Centre, Plot No. C-22, ‘G’ Block, Bandra-Kurla C [Showing first 8,000 characters — download PDF for full document]