Announcement • Jan 03
IL&FS Transportation Networks Limited Announces Default in Final Repayment and Interest on Non-Convertible Debentures Due on January 3, 2025 IL&FS Transportation Networks Limited announced it is unable to service its obligations in respect to final repayment and interest on Non-Convertible Debentures due on January 3, 2025. Nature of obligation /Type of instrument: Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures. Tranche VIII (Security ITNL 25). ISIN: INE975G08090. Number of investors in the security as on date of default: 213. Details of the obligation: Tenure: It shall commence from the Deemed Date of Allotment that is February 04, 2015 and end on the day falling at the expiry of 9 (Nine) years and 11 (Eleven) months therefrom. Coupon Rate: 11.80% p.a. Coupon Payment Frequency: Semi- Annual and on the Redemption Date Security: Debentures are Unsecured. Current default amount: Interest due: INR 121,707,650. [Period for which Interest was due: August 5, 2024 to January 3, 2025] (151 days) Final Repayment INR 2,500,000,000. Total amount of securities issued: INR 2,500 million. Gross Principal amount on which the default above has occurred: INR 2,500 million. Remarks/Notes: As part of the Interim Distribution process, the Company has made payment of INR 204,800,354 to the NCD holders on October 19, 2023. Consequent to this interim payment, the outstanding value of the NCDs shall be reduced to the extent of the payout. Reason for non-payment: Pursuant to the Order passed by the Hon'ble National Company Law Appellate Tribunal (NCLAT) on October 15, 2018 (Moratorium Order), the Company has been prohibited from making payments to all its creditors. Further vide an Order passed by NCLAT on February 11, 2019, the Company has been classified as a Red entity and confirming that the Moratorium Order has neither been lifted nor modified in any manner. In view of the aforementioned and in compliance with the abovementioned Orders, the Company is unable to undertake any obligations related to payment of interest/principal on Non- Convertible Securities. Announcement • Dec 30
IL&FS Transportation Networks Limited Announces Directorate Changes IL&FS Transportation Networks Limited announced that Mr. Feby Koshy has tendered his resignation as a Director of the Company effective end of the business hours of December 27, 2024. Pursuant to the nomination received from Infrastructure Leasing and Financial Services Limited (IL&FS), holding company, Mr. Kazim Raza Khan has been appointed as an Additional and Nominee Director by the Board of Directors of the Company effective December 30, 2024. Mr. Kazim Raza Khan is not debarred from holding office as a Director by virtue of any SEBI Order or any other authority. Mr. Kazim Raza Khan brings over three decades of rich professional experience in the infrastructure and construction sectors. He joined the IL&FS Group in December 2005 as Assistant Vice President at IL&FS Transportation Networks Limited (ITNL) and served as Senior Vice President and Regional Head for South and West India until January 2019. Following this, the newly appointed IL&FS Board entrusted him with the role of Business Head in Jan,2019 and subsequently, he was appointed as the CEO of IL&FS Engineering & Construction Company Ltd. (IECCL) on May 16. 2019. Under his leadership, IECCL achieved a remarkable turnaround, restoring its position as a going-concern company.
Mr. Khan holds a Master' s degree In Business Administration with specializations in Finance and International Trade Management
and a Bachelor's degree in Civil Engineering. He has also completed executive management programs, including the Top Management Development Certification from IMD, Switzerland, and the Top Leadership Program from AIM, Philippines.
He is a Life Member of the Indian Road Congress and possesses extensive expertise in the construction of highways, airfields, rail and metro systems, irrigation, power projects, highrise buildings, ports, oil and gas facilities, and World Bank-aided projects, including Public-Private Partnership (PPP) initiatives. Announcement • Oct 17
Axis Trustee Services Limited completed the acquisition of Barwa Adda Expressway Limited from IL&FS Transportation Networks Limited (BSE:533177). Axis Trustee Services Limited agreed to acquire Barwa Adda Expressway Limited from IL&FS Transportation Networks Limited (BSE:533177) for INR 1 on October 11, 2024. A cash consideration of INR 1 will be paid by Axis Trustee Services Limited.
The transaction has received the approval from the NCLT. The expected completion of the transaction is October 31, 2024.
Axis Trustee Services Limited completed the acquisition of Barwa Adda Expressway Limited from IL&FS Transportation Networks Limited (BSE:533177) on October 17, 2024. 
