IL&FS Transportation Networks Limited has successfully completed its third interim distribution payments to Non-Convertible Debenture (NCD) holders across 31 ISIN series between April 16-17, 2026. The company has formally notified the National Stock Exchange of India Limited about the completion of payments, marking a significant milestone in the ongoing resolution process.

Payment Completion and Timeline

The company fulfilled its obligations under Regulation 51 of SEBI LODR (Listing Obligations and Disclosure Requirements) by confirming successful execution of payments. The distribution was initiated following the record date of April 10, 2026, which determined the eligible debenture holders for this interim payment.

ISIN Series Payment Schedule

The third interim distribution was executed in two phases. The first phase on April 16, 2026, covered 16 ISIN series, while the second phase on April 17, 2026, encompassed an additional 15 ISIN series.

Phase 1 - April 16, 2026 (16 Series)

Phase 2 - April 17, 2026 (15 Series)

Distribution Framework and Authorization

The interim distribution continues to be executed pursuant to Hon'ble NCLAT's Orders dated March 12, 2020, May 31, 2022, and February 13, 2023. The distribution calculations have been professionally handled by Alvarez & Marsal India Private Limited, serving as Resolution Consultants, and Grant Thornton Bharat LLP, appointed as the Interim Distribution Process Consultants.

Impact on Debenture Values

Consequent to these payments, the value of Non-Convertible Debentures under all 31 ISINs has been diminished to the extent of the aggregate payments made under the first, second, and third interim distributions. This reduction in admitted claim value reflects the progressive resolution of the company's debenture obligations.

Regulatory Compliance and Oversight

The distribution process maintains proper oversight through coordination with IDBI Trusteeship Services Limited and Vistra ITCL (India) Limited. Both entities have been kept informed of the payment completion, ensuring transparent execution of the distribution framework. The company has also notified BSE Limited as part of its comprehensive regulatory compliance approach, demonstrating adherence to all applicable listing requirements.

IL&FS Transportation Networks Limited has announced the fixation of April 10, 2026 as the record date for its 3rd interim distribution to debenture holders. The company's Board of Directors approved this decision on April 7, 2026, as part of the ongoing resolution process under the National Company Law Appellate Tribunal (NCLAT) framework.

Record Date Details

The company has set the following parameters for the interim distribution:

Regulatory Compliance

The announcement was made pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The distribution is being conducted in accordance with the interim distribution order passed by the Hon'ble NCLAT dated May 31, 2022.

Eligibility Criteria

The record date of April 10, 2026 will be used to ascertain eligible debenture holders who are entitled to receive payments against their claims under the 3rd interim distribution. Only debenture holders whose names appear in the company's records as of the close of business on the record date will be eligible for the distribution.

Corporate Communication

The formal communication was signed by Krishna Ghag, Vice President & Company Secretary (FCS – 4489), and has been submitted to both BSE Limited and the National Stock Exchange of India Limited as required under regulatory guidelines. The company has requested both exchanges to acknowledge receipt of this important corporate announcement.