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:

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.

IL&FS Transportation Networks Limited has received a GST demand notice aggregating to ₹1.77 crores from tax authorities. The company disclosed this development through a regulatory filing under SEBI LODR Regulations on December 31, 2025.

GST Demand Notice Details

The demand notice was issued by the Deputy Commissioner of State Tax, Ghaziabad Sector-4, Ghaziabad, Uttar Pradesh on December 30, 2025. The notice pertains to outstanding GST liability for Financial Year 2021-22, along with applicable interest and penalty.

Nature of Violation

The demand notice has been issued for alleged non-payment of GST liability for FY 2021-22. The total amount includes the principal GST liability along with interest and penalty components as prescribed under the Central Goods and Services Tax Act, 2017.

Company's Response and Impact Assessment

IL&FS Transportation Networks has stated that it is reviewing the demand notice and will take necessary steps on the matter. The company has assessed that there is no material impact on its financials, operations, or other activities due to this notice.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI LODR Regulations, which requires listed companies to inform stock exchanges about material events. The company provided detailed information as required under the relevant SEBI circular regarding regulatory actions and orders.