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IL&FSENGGNSEIL&FS Engineering and Construction Company Limited· ConstructionCriticalNegative
Announced Mon, 7 Jul, 2025 · 15:16 IST

IL&FS Engineering and Construction Company Limited has informed the Exchange regarding 'Intimation of default as per SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November 2019'.

Loan classified NPACredit & Debt View source PDFExplain this filing

IL&FSENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+2.2%Reaction day
₹34.75
prior close
₹34.50
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.6% vs market
Civil Construction peers, median of 86sector-0.5%+2.6% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+0.0
10m
+2.9
15m
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30m
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Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+2.2-0.5+2.6-0.5+2.6
Next day
+1.2-0.6+1.7-0.7+1.9
2d
-0.6-0.1-0.5-0.7+0.2
3d
-1.2+0.3-1.4-1.0-0.2
4d
-2.2-0.2-1.9-1.6-0.6
5d
+2.6-0.1+2.8-1.7+4.3
1w
-0.7+1.6-2.3-1.3+0.6
15d
-2.0-2.5+0.5-4.9+2.9
1m
-2.2-4.2+1.9-6.2+4.0
2m
-2.9-2.6-0.3-6.3+3.4
3m
-18.8-3.7-15.1-7.5-11.3
UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 86Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IL&FS Engineering and Construction Company has disclosed a default of the entire outstanding loan amount of Rs 2,628.05 crore owed to banks and financial institutions as on 30 June 2025. The company's total financial indebtedness stands at Rs 3,097.61 crore, meaning roughly 85% of its total debt is in default. The filing notes that no interest is being accrued or provided on these loans after the 15 October 2018 cutoff date set by the NCLT, except for Funded Interest Term Loans (FITL). The company has no outstanding unlisted debt securities (NCDS/NCRPS).

Likely market impact

This is not a new default but a continuation of the long-standing IL&FS group debt crisis, with no resolution in sight. Shareholders should view this as a deeply distressed company with essentially no servicing of bank debt since 2018, and stock price recovery remains highly unlikely without a broader resolution plan.