IL&FS Transportation Networks Director Mr. Kaushik Modak Resigns Due to Personal Reasons
IL&FS Transportation Networks Limited announced the resignation of Director Mr. Kaushik Modak, effective February 20, 2026, due to personal reasons. The company informed BSE and NSE through regulatory filings dated February 23, 2026, providing required disclosures under Regulation 30 of SEBI Listing Regulations. The resignation follows proper corporate governance procedures with timely disclosure to stock exchanges.
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IL&FS Transportation Networks Limited has announced the resignation of Director Mr. Kaushik Modak, effective February 20, 2026. The company informed stock exchanges about this board change through regulatory filings dated February 23, 2026, citing personal reasons for the resignation.
Regulatory Disclosure Details
The company submitted the required intimation to both BSE Limited and National Stock Exchange of India Limited, providing comprehensive details as mandated under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing was signed by Krishna Ghag, Vice President & Company Secretary.
Director Cessation Information
The regulatory disclosure provided specific details about Mr. Kaushik Modak's departure from the board:
| Particulars: | Details |
|---|---|
| Director Name: | Mr. Kaushik Modak |
| DIN: | 01266560 |
| Reason for Change: | Resignation due to personal reasons |
| Date of Cessation: | February 20, 2026 |
| Term of Appointment: | Not Applicable |
| Brief Profile: | Not Applicable |
| Disclosure of Relationships: | Not Applicable |
Compliance and Documentation
The resignation follows proper corporate governance procedures, with the company ensuring timely disclosure to stock exchanges. The communication referenced a previous letter dated February 20, 2026, and responded to a BSE email dated February 21, 2026, which had sought additional details regarding the reason for Mr. Modak's resignation.
IL&FS Transportation Networks Limited has fulfilled its regulatory obligations by providing the necessary intimation under SEBI Listing Regulations, ensuring transparency in board composition changes for stakeholders and market participants.
Historical Stock Returns for IL&FS Transportation Networks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -7.32% | -2.56% | -25.78% | -36.45% | 0.0% |
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