IL&FS Engineering and Construction Company Limited has informed the Exchange regarding 'Intimation of default as at Cut off date as per the orders of Hon'ble NCLT'.
IL&FSENGG · price
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IL&FS Engineering and Construction Company has disclosed ongoing defaults on its loans from banks and financial institutions as of 31st December 2025, in line with a SEBI circular on such disclosures. The total outstanding amount on these facilities stands at INR 2,627.72 crore, but the cumulative amount in default has risen to INR 2,727.72 crore (higher than the principal because it includes accumulated unpaid interest). The company has no outstanding unlisted debt securities (NCDS/NCRPS), and its total financial indebtedness is INR 3,097.28 crore. No interest is being accrued or provided on these loans after the NCLAT cutoff date of 12th March 2020, except on Funded Interest Term Loans (FITL). The disclosure is being made under the company's ongoing insolvency/corporate resolution process.
This is a routine regulatory disclosure tied to IL&FS Engineering's ongoing resolution process and does not change its existing default status, but it underscores that nearly the entire bank loan book remains in default. Shareholders should note there is no near-term recovery on these loans and any resolution is dependent on the NCLT-supervised process.