IL&FS Investment Managers Limited announced 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 and a Member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee of the Company and Mr. Chitranjan Singh Kahlon who is an existing Independent Non-Executive Director of the Company has been appointed as the Chairman of the Company with effect from April 1, 2024 by the Board of the Directors.