IL&FS Investment Managers Limited shareholders approved the declaration of a ₹0.70 per equity share dividend for FY26 with 99.99% of votes polled in favour during the 40th Annual General Meeting held on September 22, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means, saw the promoter and promoter group cast votes representing 158,333,152 shares, accounting for 50.42% of the company's total outstanding equity of 314,032,740 shares. Public non-institutional investors voted on 625,650 shares, while public institutions did not participate in the voting process.

Voting outcomes on key resolutions

The scrutinizer's report details the specific vote counts for each ordinary resolution passed at the meeting. The adoption of financial statements and the appointment of statutory auditors received near-unanimous support from those who voted.

Governance changes and auditor appointments

Shareholders approved the appointment of M/s. C N K & Associates LLP as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. KKC & Associates LLP. The new auditors will serve for five consecutive years, from the conclusion of this AGM until the conclusion of the 45th AGM.

Under special business, members approved the appointment of Jayashree Ramaswamy as a Non-Executive Director (Nominee Director). Gaurav Khungar was re-appointed as a Director retiring by rotation. The meeting was chaired by Chitranjan Singh Kahlon, with KDA & Associates serving as scrutinizers.

What the numbers show

The voting data reveals a significant concentration of power in the promoter group, which holds 50.42% of the total outstanding shares. This holding size effectively guarantees the passage of all ordinary resolutions, as their votes alone exceed the simple majority threshold required for approval.

Among the resolutions, the re-appointment of Director Gaurav Khungar and the appointment of Non-Executive Director Jayashree Ramaswamy attracted the highest dissent from public non-institutional investors, with approximately 4.7% and 4.4% of their respective votes cast against. In contrast, the dividend declaration faced minimal opposition, with less than 0.5% of public non-institutional votes against it.

IL&FS Investment Managers has scheduled its 40th Annual General Meeting for September 22, 2026, to approve a final dividend of ₹0.70 per equity share. The meeting will also address the appointment of new statutory auditors following the resignation of the previous firm.

The company reported standalone total income of ₹5,528.76 lakhs for FY26, a significant increase from ₹904.78 lakhs in the prior year. This surge was driven primarily by dividend income from investments, which stood at ₹5,175.27 lakhs, compared to just ₹0.15 lakhs in FY25. Consequently, the company turned profitable, reporting a net profit after tax of ₹4,791.30 lakhs, reversing a net loss of ₹217.71 lakhs in FY25.

Financial Performance and Dividend

On a consolidated basis, total income rose to ₹6,553.18 lakhs from ₹4,663.97 lakhs in the previous year. However, consolidated profit before tax declined to ₹900.10 lakhs from ₹1,463.31 lakhs, resulting in a net profit after tax of ₹478.75 lakhs, down from ₹1,424.37 lakhs. The divergence between standalone and consolidated results highlights the impact of subsidiary performance on the group's overall profitability.

The Board recommends a final dividend of ₹0.70 per equity share of face value ₹2 each, aggregating to ₹2,198.23 lakhs. This is subject to shareholder approval at the AGM. The record date for determining dividend entitlement is set for September 15, 2026.

Auditor Appointment and Governance

M/s KKC & Associates LLP resigned as statutory auditors with effect from August 13, 2026. To fill the casual vacancy, the Board appointed M/s C N K & Associates LLP as statutory auditors until the conclusion of the 40th AGM. Shareholders will be asked to approve their appointment for a five-year term commencing from the conclusion of this meeting.

The AGM will be held through Video Conferencing or Other Audio Visual Means. Remote e-voting will be available from September 19, 2026, to September 21, 2026. The cut-off date for e-voting eligibility is September 15, 2026.

What the Numbers Show

The standalone profit margin expanded dramatically to 86.66% in FY26, compared to a negative margin in FY25. This shift is not driven by operational revenue growth—revenue from operations was nil in FY26 versus ₹75.00 lakhs in FY25—but by substantial non-operating income. Dividend income alone constituted approximately 93.6% of the standalone total income, indicating a heavy reliance on investment returns rather than core fund management fees for profitability in the current fiscal year.