Shareholder -- Notices/Updates
- The Board of Directors approved the appointment of Mr Gaurav Khungar [DIN 10802649] as a Non-Executive Nominee Director of Infrastructure Leasing & Financial Services Limited ("IL&FS") on the Board of the Company w.e.f. November 14, 2024
- The Board Meeting of the Company to consider, inter alia, the Reviewed Unaudited Financial Results of the Company for the quarter and half year ended
September 30, 2024 will be held on November 14, 2024
- Mr Nand Kishore (DIN 08267502), Nominee Director of Infrastructure Leasing & Financial Services Limited (IL&FS) has resigned from the Board of the Company w.e.f. close of business hours on September 24, 2024
- Verbatim of the 38th Annual General Meeting held on August 30, 2024
- Disclosure under Regulation 30 of the SEBI Listing Regulations - Update on Scheme of Amalgamation of Wholly Owned Subsidiaries (WOS) namely, IL&FS Asian Infrastructure Managers Limited and IIML Asset Advisors Limited with IL&FS Investment Managers Limited (the Company)
- Disclosure under Regulation 30 of the SEBI Listing Regulations - Update on Scheme of Amalgamation of Wholly Owned Subsidiaries (WOS) namely, IL&FS Asian Infrastructure Managers Limited and IIML Asset Advisors Limited with IL&FS Investment Managers Limited (the Company)
- Proceedings of the 38th Annual General Meeting held on August 30, 2024
- In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014 and
Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the
Company is pleased to provide to the
shareholders remote e-voting facility (i.e. voting electronically from a place other than the venue of
the general meeting). The Company has
appointed NSDL to provide e-voting facility to its shareholders i.e. casting votes by a shareholder
using remote e-Voting system as well as voting
during the AGM. The remote e-voting details are as below:
Remote e-voting start day, date & time : Tuesday, August 27, 2024 at 9.00 a.m.
Remote e-voting end day, date & time : Thursday, August 29, 2024 at 5.00 p.m.
Shareholders will be provided with the facility for voting through electronic voting system during the
VC/OAVM proceedings at the AGM. The remote e-voting module for voting on the day of the AGM shall be
disabled by NSDL 15 minutes after the conclusion of the Meeting
For details, please refer to Note Nos. 16 and 17 of the AGM Notice
At the Annual General Meeting to be held on August 30, 2024, following re-appointment/appointment are
proposed :
(i) Re-appointment of Mr Kaushik Modak [DIN 01266560] as Director of the Company
(ii) Re-appointment of M/s KKC & Associates LLP, Chartered Accountants, Mumbai (ICAI Firm Registration
No.
105146W/W100621) as the Statutory Auditors for a second term of five years
- Disclosure under Regulation 30 of the SEBI Listing Regulations - Update on Scheme of Amalgamation of
Wholly Owned Subsidiaries (WOS) namely, IL&FS Asian Infrastructure Managers Limited and IIML Asset
Advisors Limited with IL&FS Investment Managers Limited (the Company)
- The Board Meeting of the Company to consider, inter alia, the Reviewed Unaudited Financial Results of
the Company for the quarter ended June 30, 2024 will be held on August 12, 2024
- The Annual General Meeting of the Company will be held through Video Conferencing ("VC")/Other Audio
Visual Means ("OAVM") on Friday, August 30, 2024 at 12 noon
- The Register of Member and Share Transfer Books of the Company will remain closed from Saturday,
August 24, 2024 to Friday, August 30, 2024 (both days inclusive) for taking record of the Shareholders
of the Company for the purpose of declaration of dividend and Annual General Meeting
- The Record date for the purpose of declaration of final dividend and Annual General Meeting will be
August 23, 2024
- The final dividend for the financial year 2023-2024 will be paid on or after September 12, 2024
subject to the approval of the shareholders at the Annual General Meeting to be held on August 30, 2024
- The Board of Directors at their meeting held on May 22, 2024, (i) recommended a final dividend of 35%
(0.70 paisa per share of the Face Value of Rs 2/- each) for the year ending March 31, 2024 (ii) approved
re-appointment of M/s KKC & Associates LLP, Chartered Accountants, Mumbai (ICAI Firm Registration No.
105146W/W100621) as the Statutory Auditors of the Company for a second term of five years
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the Company
for the year ended March 31, 2024 and to consider the declaration of final dividend for the financial
year 2023-2024 will be held on May 22, 2024
- Mr Susim Mukul Datta ceased as an Independent Non-Executive Director of the Company due to end of his
tenure on March 31, 2024, pursuant to Section 149(11) of the Companies Act, 2013. Consequently,
Mr Datta also ceases to be the Chairman of the Company.
- Mr Chitranjan Singh Kahlon who is an existing Independent Non-Executive Director of the Company has
been appointed as the Chairman of the Company w.e.f. April 1, 2024 by the Board of the Directors
- The Board of Directors vide Circular Resolution dated March 23, 2024, approved the appointment of Mr
Munish Saraogi as an Independent Non-Executive Director of the Company for a term of five years from
April 1, 2024 to March 31, 2029, subject to approval of the shareholders
- SWAYAM − Self Service Portal for Investor for the speedy redressal of queries/complaints
- For the kind attention of holders of physical shares − payment of dividend only through
electronic mode w.e.f. April 1, 2024
- The Board Meeting of the Company to consider, inter alia, the Financial Results of the Company for the
quarter and nine months ended December 31, 2023 will be held on February 13, 2024
- Communication from Infrastructure Leasing & Financial Services Limited
("IL&FS") Parent Company regarding bids for acquisition of their complete
shareholding in the Company
- Introduction of Online Dispute Resolution Mechanism of SEBI
- ODR Awareness
- SEBI Circular dated July 31, 2023
- SEBI Corrigendum dated August 4, 2023
- All shareholders of the Company are requested to update their email id with the RTA for the shares
held in physical form and with their respective Depository Participant for the shares held in Demat
form.
- The Board Meeting of the Company to consider, inter alia, the Financial Results of the Company for
the quarter and half year ended September 30, 2023 will be held on November 9, 2023
- Verbatim of the 37th Annual General Meeting held on August 24, 2023
- Proceedings of the 37th Annual General Meeting held on August 24, 2023
- Announcement under Regulation 30 of the SEBI Listing Regulations - Scheme of Arrangement - Copy of
the Scheme of Amalgamation of Wholly Owned Subsidiaries (WOS) namely, IL&FS Asian Infrastructure
Managers Limited and IIML Asset Advisors Limited with IL&FS Investment Managers Limited (the Company)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended June 30, 2023 will be held on August 14, 2023
- In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014 and
Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the
Company is pleased to provide to the
shareholders remote e-voting facility (i.e. voting electronically from a place other than the venue of
the general meeting). The Company has
appointed NSDL to provide e-voting facility to its shareholders i.e. casting votes by a shareholder
using remote e-Voting system as well as voting
during the AGM. The remote e-voting details are as below:
Remote e-voting start day, date & time : Monday, August 21, 2023 at 9.00 a.m.
Remote e-voting end day, date & time : Wednesday, August 23, 2023 at 5.00 p.m.
Shareholders will be provided with the facility for voting through electronic voting system during the
VC/OAVM proceedings at the AGM. The
remote e-voting module for voting on the day of the AGM shall be disabled by NSDL 15 minutes after the
conclusion of the Meeting
For details, please refer to Note No. 16 of the AGM Notice
- At the Annual General Meeting to be held on August 24, 2023, following re-appointment/appointment are
proposed:
(i) Re-appointment of Mr Nand Kishore [DIN 08267502] as Director of the Company
(ii) Re-appointment of Mr Chitranjan Singh Kahlon [DIN 02823501] as an Independent Non-Executive Director
of the Company for a second term of five consecutive years from August 28, 2023 upto August 27, 2028
- The Annual General Meeting of the Members of the Company will be held through Video Conferencing
("VC")/Other Audio Visual Means ("OAVM") on Thursday,
August 24, 2023 at 3.00 p.m.
- The book closure for the purpose of final dividend for the year ended March 31, 2023, will be from
Friday, August 18, 2022 to Thursday, August 24, 2023
(both days inclusive)
- The final dividend for the financial year 2022-2023 will be paid on or after August 31, 2023 subject
to the approval of the shareholders at the Annual
General Meeting to be held on August 24, 2023
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2023 and to
consider the declaration of dividend for the year 2022-2023 will be held on May 30, 2023
- Generating awareness on availability of Dispute Resolution Mechanism at Stock Exchanges
- SEBI vide its Circular No.SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 3, 2021 and
Clarification Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/687
dated December 14, 2021 mandates to record PAN, KYC Details, Nomination and Bank Account Details of
shareholders holding shares in physical mode. It also
mandates Freezing of Folios without PAN, KYC details and Nomination
Accordingly, the Company arranged to send a letter along with the relevant formats to the shareholders
holding shares in physical mode and the same can be
accessed at : https://www.iimlindia.com/kyc-nomination.aspx
Shareholders are requested to note that the folios wherein any one of the cited document / details are
not available on or after April 01, 2023, shall be
frozen by the RTA. The shares in the frozen folios shall be:
1. Eligible to lodge any grievance or avail service request from the RTA only after furnishing the
complete documents/details
2. Eligible for any payment including dividend, interest or redemption payment only through electronic
mode upon complying with the requirements
3. If shares continue to remain frozen as on December 31, 2025, it can be referred by the RTA / listed
company to the administering authority under
the Benami Transactions (Prohibitions) Act, 1988 and or Prevention of Money Laundering Act, 2002
- The Board Meeting of the Company to consider, inter alia, the Financial Results of the Company for
the quarter and nine months ended December 31, 2022
will be held on February 13, 2023
- The Board Meeting of the Company to consider, inter alia, the Financial Results of the Company for
the quarter and half year ended September 30, 2022
will be held on November 11, 2022
- Verbatim of the 36th Annual General Meeting held on September 7, 2022
- Proceedings of the 36th Annual General Meeting held on September 7, 2022
- Advertisements in respect of the notice of the Annual General Meeting to be held on September 7, 2022
and book closure dates of the Company
as published on August 11, 2022 in (a) Free Press Journal (in English) (b) Navshakti (in Marathi)
- In compliance with Section 108 of the Act and Rule 20 of the Companies (Management and
Administration) Rules, 2014 and Regulation 44 of the SEBI
Listing Regulations, the Company is pleased to provide to the members remote e-voting facility (i.e.
voting electronically from a place other than the
venue of the general meeting). The Company has appointed NSDL to provide e-voting facility to its
members. The remote e-voting details are as below:
Remote e-voting start day, date & time : Sunday, September 4, 2022 at 9.00 a.m.
Remote e-voting end day, date & time : Tuesday, September 6, 2022 at 5.00 p.m.
Members will be provided with the facility for voting through electronic voting system during the
VC/OAVM proceedings at the AGM. The remote e-voting module
for voting on the day of the AGM shall be disabled by NSDL 15 minutes after the conclusion of the
Meeting
For details, please refer to Note No. 15 of the AGM Notice
- At the Annual General Meeting to be held on September 7, 2022, re-appointment of Ms Priya Shetty
[DIN 08858814] as Director of the Company is proposed
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended June 30, 2022 will be held on August 12, 2022
- The Annual General Meeting of the Members of the Company will be held through Video Conferencing
("VC")/Other Audio Visual Means ("OAVM") on Wednesday, September 7, 2022 at 3.00 p.m.
- The book closure for the purpose of dividend for the year ended March 31, 2022, will be from
Wednesday, August 31, 2022 to Wednesday, September 7, 2022 (both days inclusive)
- The dividend for the financial year 2021-2022 will be paid on or after September 19, 2022 subject to
the approval of the shareholders at the Annual General Meeting to be held on September 7, 2022
- The Board at its Meeting held on May 30, 2002 has recommended a dividend of 20% (0.40 paisa per share
of the Face Value of `2/- each).
The payment of the dividend is subject to approval of shareholders in the ensuing Annual General Meeting
of the Company
- Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the Company
for the year ended March 31, 2022 and to consider the declaration of dividend for the year 2021-2022
will be held on May 30, 2022
- The Board at its meeting held on February 14, 2022, has approved the Scheme of Amalgamation for the
amalgamation of two of its wholly owned subsidiaries,
namely : IL&FS Asian Infrastructure Managers Limited (IAIML) and IIML Asset Advisors Limited (IAAL) with
the Company
The amalgamation will require the approval of the shareholders of the Company and National Company Law
Tribunal (NCLT) and any other stakeholder as
directed by NCLT. In addition to that, this amalgamation will also need to comply with the NCLT approved
Infrastructure Leasing & Financial Services
Limited (IL&FS) restructuring process which will include approval of the IL&FS Board, approval of the
NCLT appointed Retired Supreme Court Judge Hon'ble
Justice D K Jain and also the approval of the specific NCLT Bench which is dealing with the matters of
the IL&FS Group restructuring
The details as required by the SEBI Circular dated September 9, 2015 are as follows:
- Name of the entity(ies) forming part of the amalgamation/merger, details in brief such as, size,
turnover etc.:
Name of the entity : IL&FS Asian Infrastructure Managers Limited (IAIML) and
IIML Asset Advisors Limited (IAAL) and IL&FS Investment Managers Limited (Company)
IAIML and IAAL are both wholly owned subsidiaries of the Company
Size/Turnover as on March 31, 2021:
Name of the entity |
Turnover in lakhs |
IIML |
1404.78 |
IAAL |
53.74 |
IAIML |
28.24 |
- Whether the transaction would fall within related party transactions? If yes, whether the same is
done at "arm's length":
Yes, the transaction would fall within related party transactions. IAIML and IAAL, are both, wholly
owned subsidiaries of IIML.
Since, the merger is between the wholly owned subsidiaries and parent holding company, no shares
would be issued to discharge
the consideration pursuant to the merger
The Ministry of Corporate Affairs has clarified vide its General Circular No. 30/2014 dated July 17,
2014 that transactions
arising out of Compromise, Arrangements and Amalgamations dealt with under specific provisions of
the Companies Act, 2013, will not
fall within the purview of related party transaction in terms of Section 188 of the Companies Act,
2013
Similarly, compliances under Regulation 23 for related party transactions are not applicable for a
transaction between the Company and
its wholly owned subsidiaries
- Area of business of the entity(ies):
IIML, IAAL and IAIML are all engaged in the business of fund management
- Rationale for amalgamation/ merger:
As a part of the consolidation strategy of IIML and its subsidiaries, it is desired to merge IAIML
and IAAL with their holding company
IIML. The Amalgamation of IAIML and IAAL with IIML would have the following benefits:
- Consolidation of business;
- Elimination of multiple entities;
- Reducing the multiplicities of legal and regulatory compliances;
- Reducing time and efforts for consolidation of financials at group level;
- Elimination of duplicative communication and coordination efforts; and
- Rationalisation of administrative and compliance costs
- In case of cash consideration – amount or otherwise share exchange ratio:
As the entire share capital of IAAL and IAIML is held by IIML, no shares shall be issued pursuant to
merger and the investments held by
IIML in IAAL and IAIML shall stand cancelled. There shall be no cash consideration
- Brief details of change in shareholding pattern (if any) of listed entity:
There shall be no change in the shareholding pattern of the Company on account of merger
- Board Meeting of the Company to consider, inter alia, the Financial Results of the Company for the
quarter ended December 31, 2021 will be held on February 14, 2022
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter and half year ended September 30, 2021 will be held on November 12, 2021
- Verbatim of the 35th Annual General Meeting held on September 29, 2021
- Proceedings of the 35th Annual General Meeting held on September 29, 2021
- Advertisements in respect of the notice of the Annual General Meeting and book closure dates of the
Company as published on September 7, 2021 in (1) The Free Press Journal (in English) (2) The Navshakti
(in Marathi)
- * In compliance with Section 108 of the Act and Rule 20 of the Companies (Management and
Administration) Rules, 2014 and Regulation 44 of the SEBI Listing Regulations, the Company is pleased to
provide to the members remote e-voting facility (i.e. voting electronically from a place other than the
venue of the general meeting). The Company has appointed NSDL to provide e-voting facility to its
members. The remote e-voting details are as below:
Remote e-voting start day, date & time : Sunday, September 26, 2021 at 9.00 a.m.
Remote e-voting end day, date & time : Tuesday, September 28, 2021 at 5.00 p.m.
Members will be provided with the facility for voting through electronic voting system during the
VC/OAVM proceedings at the AGM. The remote e-voting module for voting on the day of the AGM shall be
disabled by NSDL 15 minutes after the conclusion of the Meeting
For details, please refer to Note No. 15 of the AGM Notice
* Notice of candidature or the intention of member to propose such person as a candidate for
directorship
At the Annual General Meeting to be held on September 29, 2021, following re-appointment/appointment are
proposed :
- Re-appointment of Mr Kaushik Modak [DIN 01266560] as Director of the Company
- Appointment of Ms Priya Shetty [DIN 08858814] as Nominee Director of Infrastructure Leasing &
Financial Services Limited on the Board of the Company
- Appointment of Ms Lubna Usman [DIN 08299976] as Nominee Director of Infrastructure Leasing &
Financial Services Limited on the Board of the Company
- The Annual General Meeting of the Members of the Company will be held through Video Conferencing
("VC")/Other Audio Visual Means ("OAVM") on Wednesday, September 29, 2021 at 3.00 p.m.
- The book closure for the purpose of dividend for the year ended March 31, 2021, will be from
Thursday, September 23, 2021 to Wednesday, September 29, 2021 (both days inclusive)
- The dividend for the financial year 2020-2021 will be paid on or after October 12, 2021 subject to
the approval of the shareholders at the Annual General Meeting to be held on September 29, 2021
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended June 30, 2021 will be held on August 13, 2021
- The Board at its Meeting held on June 30, 2021 has provided its approval to exit the Company's
investment in IIML Fund Managers (Singapore) Pte. Ltd, by means of either strike off/voluntary winding
up application to the Accounting and Corporate Regulatory Authority, Singapore (ACRA) after complying
with the applicable regulatory requirements of Singapore and India
- The Board recommended a dividend of 15% (30 paisa per share of the Face Value of ₹2/- each) at
its meeting held on June 30, 2021
- Secretarial compliance report pursuant to Regulation 24A(2) of the Listing Regulations issued by M/s
Mehta & Mehta, Company Secretaries
- Advertisements in respect of the notice of the Board Meeting to be held on June 30, 2021 as published
on June 25, 2021 in (1) The Free Press Journal
(in English) (2) The Navshakti (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2021 and to consider the declaration of dividend for the year
2020-2021 will be held on June 30, 2021
- The Board at its Meeting held on February 12, 2021 have approved the appointment of Ms Lubna Usman as
Nominee Director of Infrastructure Leasing & Financial Services Limited (IL&FS) on the Board of the
Company
- The Company has a 50-50 joint venture in Singapore with Standard Chartered Bank (SCB) namely,
Standard Chartered IL&FS Management (Singapore) Pte Limited (JV). This JV was set up to manage an
Infrastructure fund based out of Singapore. The fund has exited all its investments and hence the JV
currently has no operations. The Board at its Meeting held on February 12, 2021 has provided its
approval to exit the Company’s investment in Standard Chartered IL&FS Management (Singapore) Pte.
Limited, by means of either strike off/voluntary winding up application to the Accounting and Corporate
Regulatory Authority, Singapore (ACRA) after complying with the applicable regulatory requirements of
Singapore and India
- Advertisements in respect of the notice of the Board Meeting to be held on February 12, 2021 as
published on February 1, 2021 in (1) The Free Press Journal (in English) (2) The Navshakti (in
Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended December 31, 2020 will be held on February 12, 2021
- Ms Sudakshina Bhattacharya, a Infrastructure Leasing & Financial Services Limited (IL&FS) nominee
Director on the Board of the Company has resigned from IL&FS group and consequently, IL&FS has withdrawn
Ms Bhattacharya's nomination from the Board of the Company. Accordingly, Ms Sudakshina Bhattacharya
ceases to be a Director on the Board of the Company
- Verbatim of the 34th Annual General Meeting held on November 10, 2020
- The Board at its Meeting held on November 11, 2020 have approved the appointment of Ms Sudakshina
Bhattacharya and Ms Priya Shetty as Nominee Directors of Infrastructure Leasing & Financial Services
Limited (IL&FS) on the Board of the Company
- Proceedings of the 34th Annual General Meeting held on November 10, 2020
- Advertisements in respect of the notice of the Board Meeting to be held on November 11, 2020 as
published on November 3, 2020 in (1) The Free Press Journal (in English) (2) The Navshakti (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter and half year ended September 30, 2020 will be held on November 11, 2020
- Advertisements in respect of the notice of the Annual General Meeting and book closure dates of the
Company as published on October 13, 2020 in (1) The Free Press Journal (in English) (2) The Navshakti
(in Marathi)
- At the Annual General Meeting to be held on November 10, 2020, Re-appointment of Mr Nand Kishore [DIN
08267502] as a Director of the Company is proposed
- In compliance with Section 108 of the Act and Rule 20 of the Companies (Management and
Administration) Rules, 2014 and Regulation 44 of the SEBI Listing Regulations, the Company is pleased to
provide to the members remote e-voting facility (i.e. voting electronically from a place other than the
venue of the general meeting). The Company has appointed NSDL to provide e-voting facility to its
members. The remote e-voting details are as below :
- Remote e-voting start day, date & time : Saturday, November 7, 2020at 9.00 a.m.
- Remote e-voting end day, date & time : Monday, November 9, 2020 at 5.00 p.m.
Members will be provided with the facility for voting through electronic voting system during the
VC/OAVM proceedings at the AGM. The remote e-voting module for voting on the day of the AGM shall be
disabled by NSDL 15 minutes after the conclusion of the Meeting
For details, please refer to Note No. 15 of the Notice
- The dividend for the financial year 2019-2020 will be paid on or after November 26, 2020 subject to
the approval of the shareholders at the Annual General Meeting to be held on November 10, 2020
- The book closure for the purpose of dividend for the year ended March 31, 2020, will be from
Wednesday, November 4, 2020 to Tuesday, November 10, 2020 (both days inclusive)
- The Annual General Meeting of the Members of the Company will be held through Video Conferencing
("VC")/Other Audio Visual Means ("OAVM") on Tuesday, November 10, 2020 at 3.00 p.m.
- Members will be able to attend the AGM through VC/OAVM or view the live webcast of AGM provided by
NSDL at https://www.evoting.nsdl.com by using
their remote e-voting login credentials and selecting the EVEN for the Company's AGM
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on September
8, 2020 as published on September 3, 2020 in (a) The Free Press Journal (in English) (b) Navshakti (in
Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended June 30, 2020 will be held on September 8, 2020
- The Board recommended a dividend of 30% (60 paisa per share of the Face Value of ₹2/- each) at
its meeting held on July 28, 2020
- The Board at its Meeting held on July 28, 2020 has appointed Mr Manoj Borkar as the Chief Executive
Officer of the Company
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on July 28,
2020 as published on July 21, 2020 in (a) The Free Press Journal (in English) (b) Navshakti (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2020 and to consider the declaration of dividend for the year
2019-2020 will be held on July 28, 2020
- Mr Krishna Kumar, Chief Executive Officer, has tendered his notice of resignation to the Board of
Directors of the Company
- Mr Sunil Mehta, Non-Executive Independent Director of the Company has resigned as a Member of the
Board of Directors with immediate effect
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on February
10, 2020 as published on January 15, 2020 in (a) The Free Press Journal (in English) (b) Navshakti (in
Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended December 31, 2019 will be held on February 10, 2020
- IL&FS Investment Advisors LLC, the Company's subsidiary acts as the manager to the IL&FS India Realty
Fund II LLC. As per the Management Agreement executed with the Fund, the Fund had the option of
terminating the agreement based on certain trigger events. The Fund has informed IIAL that they wish to
terminate the Management Agreement with IL&FS Investment Advisors LLC wef January 6, 2020
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on November
12, 2019 as published on October 24, 2019 in (a) The Free Press Journal (in English) (b) Navshakti (in
Marathi)
- Board Meeting of the Company to consider, inter alia, the Financial Results of the Company for the
quarter and half year ended September 30, 2019 will be held on November 12, 2019
- Proceedings of the 33rd Annual General Meeting held on September 30, 2019
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on September
30, 2019 as published on September 19, 2019 in (a) The Free Press Journal (in English) (b) Navshakti (in
Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended June 30, 2019 will be held
on September 30, 2019
- Advertisements in respect of the notice of the Annual General Meeting to be held on September 30,
2019 and book closure dates of the Company as
published on September 6, 2019 in (a) Free Press Journal (in English) (b) Navshakti (in Marathi)
- Pursuant to the SEBI Circular No. SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 dated 6th November, 2018, the
Company has approved transfer of shares as per
details attached
- In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014 and Regulation 44
of the LODR, the Company is pleased to provide to the shareholders remote e-voting facility (i.e. voting
electronically from a place other than the venue
of the general meeting). The Company has appointed NSDL to provide e-voting facility to its
shareholders. The remote e-voting details are as below:
- Remote e-voting start day, date & time : Friday, September 27, 2019 at 9.00 a.m.
- Remote e-voting end day, date & time : Sunday, September 29, 2019 at 5.00 p.m.
For details, please refer to Note No. 12 of the Notice
- At the Annual General Meeting to be held on September 30, 2019, following re-appointment/appointment
are proposed:
- Appointment of Mr Chitranjan Kahlon [DIN 02823501] as Director of the Company
- Appointment of Mr Nand Kishore [DIN 08267502] as Nominee Director of the Company
- Appointment of Mr Kaushik Modak [DIN 01266560] as Nominee Director of the Company
- Re-appointment of Mr S M Datta [DIN 00032812] as an Independent Non-Executive Director of the
Company for a period of five years
- Re-appointment of Mr S M Datta [DIN 00032812] as the Independent Non-Executive Chairman of the
Company for a period of five years
- The Annual General Meeting of the Company will be held on Monday, September 30, 2019, at 10.30 a.m.
at the Walchand Hirachand Hall, IMC Chamber
of Commerce and Industry, IMC Building, IMC Marg, Churchgate, Mumbai 400 020
- The book closure for the purpose of dividend for the year ended March 31, 2019, will be from
September 25, 2019 to September 30, 2019
(both days inclusive)
- The dividend for the financial year 2018-2019 will be paid on or after October 4, 2019 subject to the
approval of the shareholders at the Annual
General Meeting to be held on September 30, 2019
- IL&FS Investment Advisors LLC (IIAL),Company's wholly owned subsidiary in Mauritius acts as the Fund
Manager of IL&FS India Realty Fund LLC, Mauritius
(Fund). The current term of the management agreement was due to expire on August 9, 2019. IIAL has been
informed by the offshore investors of the Fund
that they would not be extending the agreement and terminating the same with effect from August 9, 2019
and that this is a "Termination without cause".
- Pursuant to provisions of Regulation 40 and Schedule VII of the SEBI (Listing Obligations and
Disclosure Requirments) Regulations, 2015 read with the
SEBI Circular no. SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 dated 6th November, 2018, the Company has
received request relating to transfer of shares in
physical mode. The Company has published an advertisement for registration of transfer of securities on
August 1, 2019 as attached
- The Board of Directors of the Company at its meeting held on July 31, 2019 have appointed M/s Khimji
Kunverji & Co. LLP (Firm Registration No. 46150) as the Statutory Auditors in casual vacancy,
subject to the approval of the shareholders, to hold office until the conclusion of the next Annual
General Meeting pursuant to Section 139(8) of the Companies Act, 2013
- BSR & Associates LLP have resigned as the Statutory Auditors of the Company
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on May 30,
2019 as published in (a) The Free Press Journal (in English) (b) Navshakti (in Marathi) on May 14, 2019
- The Board recommended a dividend of 15 % (30 paisa per share of the Face Value of 2/- each) at its
meeting held on May 30, 2019
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2019 and to consider the declaration of dividend for the year
2018-2019 will be held on May 30, 2019
- Ms Shubhalakshmi Panse, Non-Executive Independent Director of the Company has resigned as a Member of
the Board of Directors with effect from April 30, 2019
- The Board of Directors of the Company on March 29, 2019, have approved the re-appointment of Mr S M
Datta as the Chairman and an Independent Non-Executive Director on the Board of Directors of the Company
for a second term of five consecutive years from April 1, 2019 to March 31, 2024, subject to the
approval of the shareholders
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on February 6,
2019 as published on January 23, 2019 in (a) The Free Press Journal (in English) (b) Navshakti (in
Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended December 31, 2018 will be held on February 6, 2019
- Media Release by Infrastructure Leasing and Financial Services Limited (20.12.2018)
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on December
14, 2018 as published on
December 6, 2018 in (a) The Free Press Journal (in English) (b) Navshakti (in Marathi)
- The Board of Directors of the Company by resolutions passed by Circulation on 6th
December, 2018, have approved
the appointment of Mr Nand Kishore and Mr Kaushik Modak as Additional Directors, in the capacity of
Nominee Directors of
Infrastructure Leasing & Financial Service Limited on the Board of Directors of the Company
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter and
half year ended September 30, 2018 will be held on December 14, 2018
As this is the first year of Ind- AS implementation for the Company. the Company has availed the
extended timelines for adoption of
financial statements for the quarter ended June 30, 2018 pursuant to para 2.7 read with para 2.6 of SEBI
Circular
No. CIR/CFD/FAC/62/2016 dated July 5, 2016 on Revised Formats for Financial Results and Implementation
of Ind-AS by Listed
Entities
- Mr Vibhav Kapoor has resigned as the Non -Executive Director of the Company w.e.f. October 19, 2018
- Pursuant to the Order passed by the National Company Law Tribunal (NCLT) dated October 1, 2018 under
the provisions of Sections 241 and 242 of the Companies Act, 2013, the present Board of Directors of
Infrastrcuture Leasing and Financial Services Limited (IL&FS), the Holding Company, has been suspended
with immediate effect and six new members have been inducted on the Board of IL&FS. As a consequence,
the current Nominee Director of IL&FS on our Board, i.e., Mr Hari Sankaran ceases to be a Director of
the Company with immediate effect
- Mr Ramesh Bawa has resigned as the Managing Director of the company w.e.f. September 22, 2018
- The Board of Directors of the Company at its meeting held on August 28, 2018, have approved the
appointment of Mr Chitranjan S Kahlon as a Non-Executive Independent Director of the Company subject to
the approval of the Shareholders of the Company
- Proceedings of the 32nd Annual General Meeting held on August 28, 2018
- In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosure
Requirements), Regulations, 2015, the Company is pleased to provide to the shareholders facility of
remote e-voting (i.e. voting electronically from a place other than the venue of the general meeting).
The Company has appointed National Securities Depository Limited to provide e-voting facility to its
shareholders. The remote e-voting details are as below :
- Remote e-voting start day, date & time : Saturday, August 25, 2018 at 9.00 a.m.
- Remote e-voting end day, date & time : Monday, August 27, 2018 at 5.00 p.m.
For details, please refer to Note No. 13 of the Notice
- At the Annual General Meeting to be held on August 28, 2018, re-appointment of Mr Hari Sankaran is
proposed
- Advertisements in respect of the notice of the Annual General Meeting to be held on August 28, 2018
and book closure dates of the Company as published on August 3, 2018 in (a) The Economic Times (in
English) (b) Pratyaksha (in Marathi)
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on August 28,
2018 as published on July 26, 2018 in (a) The Free Press Journal (in English) (b) Pratyaksha (in
Marathi)
- As per the SEBI Circular SEBI/LAD-NRO/GN/2018/24 dated 8th June 2018, BSE circular no.
LIST/COMP/15/2018-19 dated 5th July, 2018 and
NSE Ref. No NSE/CML/2018/26 dated 9th July, 2018 shareholders are advised to dematerialise their
physical securities since requests for
effecting transfer of physical securities (except in case of transmission or transposition of
securities) shall not be permitted from 5th December 2018. Accordingly, shareholders holding shares in
physical form are requested to dematerialise their shares. Shareholders are requested to submit duly
filled in Dematerialisation Request Form (DRF) to their Depository Participant (DP) along with the
original share certificate(s) for dematerialisation of shares
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the
Company for the quarter ended June 30, 2018 will be held on August 28, 2018
As this is the first year of Ind- AS implementation for the Company. the Company has availed the
extended timelines for adoption of financial statements for the quarter ended June 30, 2018 pursuant to
para 2.7 read with para 2.6 of SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 on Revised
Formats for Financial Results and Implementation of Ind-AS by Listed Entities
- Mr Ravi Parthasarathy has resigned as the Non-Executive Director of the company w.e.f. July 21, 2018
- The Annual General Meeting of the Company will be held on Tuesday, August 28, 2018, at 11.00 a.m. at
the Walchand Hirachand Hall, IMC Chamber of Commerce and Industry, IMC Building, IMC Marg, Churchgate,
Mumbai 400 020
- The book closure for the purpose of dividend for the year ended March 31, 2018, will be from August
22, 2018 to August 28, 2018 (both days inclusive)
- The dividend for the financial year 2017-2018 will be paid on or after August 31, 2018 subject to the
approval of the shareholders at the Annual General Meeting to be held on August 28, 2018
- Mr Bansi Mehta, Independent Director has tendered his resignation to the Company. Mr Bansi Mehta has
resigned from the Company to reduce his independent directorship in view of the amendment to the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015
- IIML Fund Managers (Singapore) Pte. Ltd. subsidiary of the Company, has informed the Company about
its Board's decision to surrender its Capital Market Service Licence to the Monetary Authority of
Singapore
- The Board of Directors of the Company at its meeting held on May 04, 2018, inter alia,
recommended a dividend of 30% (₹ 0.60 per share of the Face Value of ₹ 2/- each). The payment of the
dividend is subject to approval of shareholders in the ensuing Annual General Meeting of the Company
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on May 4, 2018
as published on April 6, 2018 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2018 and to consider the declaration of dividend for the year 2017
- 2018 will be held on May 4, 2018
- Mr Milind Patel, Non- Executive Director has tendered his resignation with effect from March 31, 2018
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on January 30,
2018 as published on January 10, 2018 in (a) The Free Press Journal (in English) (b) Pratyaksha (in
Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of
the Company for the quarter ended December 31, 2017 will be held on January 30, 2018
- The Company has acquired additional 49% equity stake in its subsidiary, IL&FS Asian Infrastructure
Managers Limited (IAIML) from ORIX Corporation, Japan. According IAIML is now a wholly owned subsidiary
of the Company
- Advertisements in respect of the notice of the Board Meeting of the Company to be held on November
10, 2017 as published on October 4, 2017 in (a) The Free Press Journal (in English) (b) Pratyaksha (in
Marathi)
- A meeting of the Board of Directors of the Company will be held on Friday, November 10, 2017 inter
alia
to take on record, the Financial Results of the Company for the quarter and half year ended September
30, 2017
- Proceedings of 31st Annual General Meeting of the Company
- At the Annual General Meeting to be held on September 6, 2017, following re-appointment/appointment
are proposed:
- Re-appointment of Mr Ravi Parthasarathy
- Appointment of Mr Sunil Mehta as a Non-Executive Independent Director
- Appointment of Ms Shubhalakshmi Panse as a Non-Executive Independent Director
- Advertisements in respect of the notice of the Annual General Meeting to be held on September 6, 2017
and book closure dates of the Company as published on August 17, 2017 in (a) The Economic Times (in
English) (b) Pratyaksha (in Marathi)
- In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and
Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosure
Requirements), Regulations, 2015, the Company is pleased to provide to the members facility of remote
e-voting. The Company has appointed National Securities Depository Limited (NSDL) to provide e-voting
facility to its members. The remote e-voting details are as below :Â
- Remote e-voting start day, date & time : Sunday, September 3, 2017 at 9 a.m.
- Remote e-voting end day, date & time : Tuesday, September 5, 2017, at 5 p.m
- The cut-off date (record date) for members eligible for remote e-voting is August 30, 2017
For details, please refer to Note No. 10 of the Annual General Meeting Notice
- The Board of Directors of the Company at its meeting held on July 31, 2017, have approved the
appointment
of Ms Shubhalakshmi Panse as a Non-Executive Independent Director of the Company subject to the approval
of the Shareholders
of the Company
- The Annual General Meeting of the Company will be held on Wednesday, September 6, 2017, at 11 a.m. at
the Walchand Hirachand Hall, IMC Chamber of Commerce and Industry, IMC Building, IMC Marg, Churchgate,
Mumbai 400 020
- The book closure for the purpose of dividend for the year ended March 31, 2017, will be from August
31, 2017 to September 6, 2017 (both days inclusive)
- The dividend for the financial year 2016-2017 will be paid on or after September 8, 2017 subject to
the approval of the shareholders at the Annual General Meeting to be held on September 6, 2017
- Advertisements in respect of the notice of the Board Meeting to be held on July 31, 2017 as published
on July 6, 2017 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of
the Company for the quarter ended June 30, 2017 will be held on July 31, 2017
- The Board of Directors of the Company at its meeting held on May 29, 2017, inter alia,
recommended a dividend of 30% (₹ 0.60 per share of the Face Value of ₹ 2/- each). The
payment of the dividend is subject to approval of shareholders in the ensuing Annual General Meeting of
the Company
- The Board at its Meeting held on May 29, 2017 have approved the appointment of Mr Krishna Kumar as the
Chief Executive officer of the Company. The appointment of Mr Krishna Kumar as the Chief Executive
Officer is in the capacity of a Key Managerial Personnel of the Company pursuant to Section 203 of the
Companies Act, 2013
- Merger of Wholly owned Subsidiaries
The Supreme Court of Mauritius has approved the Scheme
of Arrangement and Amalgamation between IIML Advisors LLC and IL&FS Investment Advisors LLC and the said
Court Order has been filed with Registrar of Companies, Mauritius
- Advertisements in respect of the notice of the Board Meeting to be held on May 29, 2017 as published
on May 4, 2017 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2017 and to consider declaration of dividend for the year 2016-2017
will be held on May 29, 2017
- Dr Archana Hingorani, Executive Director and Chief Executive Officer has tendered her resignation due
to personal reasons. The same has been accepted by the Board. Dr Hingorani will continue in her current
role till April 30, 2017
- Merger of Wholly owned Subsidiaries
The Boards of IIML Advisors LLC (Merging Entity) and IL&FS Investment Advisors LLC (Surviving Entity),
both wholly owned subsidiaries of IL&FS Investment Managers Limited (IIML) have approved a Scheme of
Arrangement and Amalgamation by which IIML Advisors LLC will merge into IL&FS Investment Advisors LLC.
The Scheme is subject to the approval of the Supreme Court of Mauritius and if approved will be
effective after the Court Order is filed with the Registrar of Companies
These companies have requested the Company being their sole shareholder to provide its consent for the
Scheme of Arrangement and Amalgamation. The Company has granted it's no objection for the
proposal
We are submitting the following details:
- Name of the entity(ies) forming part of the amalgamation/merger : IIML Advisors LLC (Merging
Entity) and IL&FS Investment Advisors LLC (Surviving Entity). Both are wholly owned subsidiaries of
the Company
- Whether the transaction would fall within related party transactions? If yes, whether the same is
done at "arms length": No
- Area of business of the entity(ies): Fund management
- Rationale for amalgamation/ merger: The primary drivers for proceeding with the Scheme is to
ensure a streamlined and simplified group structure, rationalisation of operation and administration
cost, consolidation of investments and operations in a single entity, and improvement in the
financial performance of the Surviving entity
- In case of cash consideration – amount or otherwise share exchange ratio: One fully paid-up
Ordinary Share of USD 1 each in the Surviving Entity shall be issued and allotted for One Ordinary
Share held in the Merging Entity. One Redeemable Participating Share of USD 0.01 each in the
Surviving Entity shall be issued for One Redeemable Participating Share held in the Merging Entity.
- Brief details of change in shareholding pattern (if any)of listed entity: No change in
shareholding of the Surviving entity as IIML shall continue to be sole shareholder of Surviving
entity
- Advertisements in respect of despatch of notices along with the Postal Ballot forms to the
shareholders pursuant to Section 110 of the Companies Act, 2013 and the Companies (Management and
Administration) Rules, 2014 as published on January 17, 2017 in (a) The Free Press Journal (in English)
(b) Pratyaksha (in Marathi)
- Advertisements in respect of the notice of the Board Meeting to be held on February 13, 2017 as
published on January 12, 2017 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of
the Company for the quarter ended December 31, 2016 will be held on February 13, 2017
- The Board at its Meeting held on January 4, 2017 approved the appointment of M/s. BSR & Associates
LLP, Chartered Accountants, as the Joint Auditor of the Company, subject to the approval of the
shareholders. M/s. BSR & Associates LLP, Chartered Accountants, shall be entitled to hold the office of
the Joint Statutory Auditors of the Company up to the conclusion of ensuing Annual General Meeting
- Subsequent to Securities and Exchange Board of India approval, the Company has acquired 86.61% stake
of IL&FS Infra Asset Management Limited and 100% stake of IL&FS AMC Trustee Limited, in order to
acquire the Infrastructure Debt Fund (IDF) business from IL& FS Financial Services Limited
- IL&FS Transportation Network Limited has set up a Trust 'IL&FS Transportation Investment Trust'. The
said Trust has received in principle approval from SEBI for registration as an Infrastructure Investment
Trust under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, for holding road assets. IIML
Asset Advisors Limited, a wholly owned subsidiary of the Company, shall act as the Investment Manager to
the said Trust
- The Company has set up a subsidiary namely, 'Andhra Pradesh Urban Infrastructure Asset Management
Limited' (APUIAML) along with the Government of Andhra Pradesh. The Company and the Government of Andhra
Pradesh have invested ₹ 10.2 Crores and ₹ 9.8 Crores to hold 51% : 49% equity stake,
respectively in APUIAML. APUIAML has been formed with an objective of acting as a Manager for Urban
Infrastructure in the State of Andhra Pradesh as well as Fund Manager for the Andhra Pradesh Urban
Development Fund (APUDF). APUDF will be created with the objective to finance the Urban Local Bodies in
the State of Andhra Pradesh. APUIAML will also be involved in integrated urban infrastructure project
development and program management for the Urban Local Bodies and provide end to end solutions to them.
APUIAML will help the State Government of Andhra Pradesh to set up, institutionalize and manage APUDF by
mobilizing resources from different sources like banks and financial institutions, including private
sector arms of multilateral and bilateral agencies and by leveraging government and other financial
assistances. These funds would be deployed in the urban areas on various infrastructure projects
including PPP projects
- The Company had decided to acquire 86.61% stake of IL&FS Infra Asset Management Limited and 100% stake
of IL&FS AMC Trustee Limited and necessary approvals of the Securities and Exchange Board of India have
now been received
- The Company has achieved the Final Closing for investors to the Tara India Fund IV and has raised
capital commitments of US$ 60 mn
- Advertisements in respect of the notice of the Board Meeting to be held on November 14, 2016 as
published on October 28, 2016 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the quarter and half year ended September 30, 2016 which was scheduled to be held on
November 2, 2016 will now be held on November 14, 2016
- Advertisements in respect of the notice of the Board Meeting to be held on November 2, 2016 as
published on October 14, 2016 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi) Â
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the quarter and half year ended September 30, 2016 will be held on November 2, 2016
- The Board of Directors of the Company at its meeting held on August 8, 2016, approved the appointment
of Mr Sunil Mehta as a Non-Executive Independent Director of the Company
- At the Annual General Meeting of the Company held on August 8, 2016, at Mumbai,
- The Chairman ordered poll to be taken on all the resolutions to be passed at the meeting pursuant
to Section 109(1) of the Companies Act, 2013
- The Chairman appointed the Scrutinizer for e-voting - Mr Akshar J Patel of M/s Jagdish Patel &
Co., Practicing Company Secretaries as the Scrutinizer for the poll
- The Chairman then informed the shareholders that the combined results of e-voting and Poll shall
be posted on the Company's website and NSDL and shall also be notified to the stock exchanges
- Thereafter the poll was taken on following resolutions :
- Adoption of the Audited Balance Sheet as at March 31, 2016 and the Statement of Profit & Loss
for the year ended as on that date and the Reports of Auditors and Directors thereon
- Dividend of 60% on the Equity Shares (₹ 1.20 per share of the Face Value of (₹ 2/-
each) for the year ended March 31, 2016
- Re-appointment of Mr Vibhav Kapoor as a Director of the Company
- Ratification of the appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountants, as
Statutory Auditors of the Company from the conclusion of this Annual General Meeting until the
conclusion of the next Annual General Meeting, at a remuneration to be fixed by the Board of
Directors of the Company
- Appointment of Mr Hari Sankaran as a Director of the Company
- Appointment of Dr Archana Hingorani as the Whole-time Director (designated as the Chief
Executive Officer & Executive Director) of the Company for a period of five years with effect
from April 20, 2016
- Approval of the New Articles of Association of the Company
- At the Annual General Meeting to be held on August 8, 2016, following re-appointment/appointment are
proposed:
- Re-appointment of Mr Vibhav Kapoor
- Appointment of Mr Hari Sankaran as a Director
- Appointment of Dr Archana Hingorani as a Whole-Time Director
- Advertisements in respect of the notice of the Board Meeting to be held on August 8, 2016 as published
on July 20, 2016 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- A Meeting of the Board of Directors of the Company will be held on Monday, August 8, 2016, inter
alia, to take on record, the Unaudited Financial Results of the Company for the quarter ended June
30, 2016
- Advertisements in respect of the notice of the Annual General Meeting to be held on August 8, 2016
and book closure dates of the Company as published on July 11, 2016 in (a) The Economic Times (in
English) (b) Pratyaksha (in Marathi)
- The Board of Directors at its meeting held on July 11, 2016, decided to subscribe 200,000 Equity
Shares issued by IIML Asset Advisors Limited (IAAL), its wholly owned subsidiary. The shares will be
subscribed at a price of Rs 190/- per share for a total consideration of Rs 38,000,000/-
- In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014 and Regulation 44 of the
SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the Company is pleased to
provide to the members facility of remote e-voting (i.e. voting electronically from a place other than
the venue of the general meeting). The Company has appointed National Securities Depository Limited
(NSDL) to provide e-voting facility to its members. The remote e-voting details are as below :
- Remote e-voting start day, date & time : Friday, August 5, 2016 at 9.00 a.m
- Remote e-voting end day, date & time : Sunday, August 7, 2016 at 5.00 p.m.
For details, please refer to Note No. 10 of the Annual General Meeting Notice
- The Annual General Meeting of the Company will be held on Monday, August 8, 2016, at 12 noon at the
Rangaswar Hall, Y B Chavan Centre, General Jagannathrao Bhosale Marg, Opposite Mantralaya, Mumbai 400
021
- The book closure for the purpose of dividend for the year ended March 31, 2016, will be from August 2,
2016 to August 8, 2016 (both days inclusive)
- The dividend for the financial year 2015-2016 will be paid on or after August 11, 2016 subject to the
approval of the shareholders at the Annual General Meeting to be held on August 8, 2016
- Mr Jitender Balakrishnan, Non-Executive Independent Director of the Company has resigned as a Director
of the Company
- The Board of Directors of the Company at its meeting held on May 3, 2016, inter alia,
recommended a dividend of 60% (₹ 1.20 per share of the Face Value of ₹ 2/- each). The
payment of the dividend is subject to approval of shareholders in the ensuing Annual General Meeting of
the Company
- The change in the composition of the Board of Directors of the Company as approved at the Board
Meeting held on May 3, 2016, is as follows:
- Mr Siddharth Mehta, Non-Executive Independent Director of the Company has resigned as a Director
of the Company
- Mr Shahzaad Dalal, Non-Executive Director of the Company has resigned as a Director of the
Company
- The Board of Directors of the Company at its meeting held on May 03, 2016, has approved the
following:
- The Company currently holds 51% shares in its subsidiary, IL&FS Asian Infrastructure Managers
Limited (lAIML). The balance 49% shares are held by ORIX Corporation, Japan. The Board decided to
acquire the balance 49% holding of ORIX Corporation, Japan i.e. 2,250,000 shares of lAIML at a price
of ₹ 12.34 per share or for a total consideration of ₹ 27,765,000/-. This acquisition
will make lAIML a 100% subsidiary of the Company. The transaction is being done at a price based on
an Independent Valuation.
- Amendment to the Articles of Association of the Company to adhere to the new Companies Act, 2013
- Advertisements in respect of the notice of the Board Meeting to be held on May 3, 2016 as published
on April 18, 2016 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Audited Financial Results of the
Company for the year ended March 31, 2016 and to consider declaration of dividend for the year 2015-2016
will be held on May 3, 2016
- The Board of Director at their meeting held on February 10, 2016, inter alia, approved :
- Appointment of Mr Hari Sankaran as a Director with effect from February 10, 2016
- Re-appointment of Dr Archana Hingorani as Chief Executive Officer & Executive Director for a
period of five years with effect from April 20, 2016
- Advertisements in respect of the notice of the Board Meeting to be held on February 10, 2016 as
published on January 22, 2016 in (a) The Free Press Journal (in English) (b) Pratyaksha (in Marathi)
- The Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of
the Company for the quarter ended December 31, 2015 will be held on Wednesday, February 10, 2016