IL&FS Investment Managers Limited announced that its Board of Directors, at a meeting held on January 15, 2026, approved the continuation of Mr. Chitranjan Singh Kahlon as an Independent Non-Executive Director beyond the age of 75 years. This decision is subject to the approval of shareholders through a Special Resolution via postal ballot and remote e-voting.

Mr. Kahlon will reach the age of 75 on February 22, 2026. The Board noted that Mr. Kahlon continues to meet the independence criteria, has demonstrated effective leadership and strategic guidance, and his age does not impair his ability to perform his duties. His continued association is deemed important for the company during its current transition phase.

The Board also approved the draft Postal Ballot Notice with an Explanatory Statement, appointed a Scrutinizer, and authorized the necessary compliances for the shareholder approval process. The Board meeting commenced at 11:45 a.m. and concluded at 12:45 p.m.