Latest news about IL&FS Engg & Const Company
IL&FS Engg & Const Company
28.55
-0.19(-0.66%)
Company Performance:
View Company Insights1D-0.66%
1M-1.55%
6M+9.35%
1Y-17.37%
5Y+368.03%
More news about IL&FS Engg & Const Company
30May 26
IL&FS Engg returns to profit in FY26, revenue declines
IL&FS Engineering and Construction Company Limited returned to profitability in FY26 with a net profit of ₹19 lakh, compared to a net loss of ₹492 lakh in the previous year, despite a significant decline in revenue to ₹18,792 lakh. The statutory auditors issued an unmodified opinion on standalone results but a qualified opinion on consolidated results due to the exclusion of a dormant overseas subsidiary. Material uncertainties regarding the company's status as a going concern persist, driven by negative net worth and ongoing regulatory investigations.
28May 26
IL&FS Engg re-appoints cost auditors for FY 2026-2027
IL&FS Engineering and Construction Company Limited has re-appointed M/s. Narasimha Murthy & Co. as cost auditors for FY 2026-2027 following Board approval on May 27, 2026. The appointment covers the audit of cost records for road and infrastructure projects, effective April 1, 2026, to March 31, 2027, under the same terms plus applicable GST and expenses.
19May 26
IL&FS Engineering and Construction Company Schedules Board Meeting on May 27, 2026 to Approve FY26 Financial Results
IL&FS Engineering and Construction Company has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The filing was made on May 18, 2026, under Regulation 29 of SEBI LODR Regulations, 2015. The trading window for designated insiders remains closed from April 1, 2026, until further notice, having been already closed since February 25, 2025.
07Apr 26
IL&FS Engineering Submits Quarterly Compliance Certificate for Q4 FY26
IL&FS Engineering and Construction Company Limited filed its Q4 FY26 compliance certificate under SEBI Regulation 74(5) on 6th April, 2026. The submission confirms that all required details regarding securities dematerialized and rematerialized during the quarter ended 31st March, 2026 have been furnished to depositories. KFin Technologies Limited, the company's registrar, issued supporting certificates to NSDL and CDSL, validating regulatory compliance.
04Apr 26
IL&FS Engineering Reports ₹2,627.51 Crore Default on Bank Loans as of March 2026
IL&FS Engineering and Construction Company Limited disclosed defaults of ₹2,627.51 crore on bank loans as of March 31, 2026, representing 100% of its outstanding borrowings from financial institutions. The company's total financial indebtedness stands at ₹3,097.07 crore, while no defaults were reported on unlisted debt securities.
09Mar 26
IL&FS Engineering Clarifies Q3FY26 Financial Results Filing Amid Exchange Platform Issues
IL&FS Engineering and Construction Company Limited clarified to stock exchanges that it filed Q3FY26 financial results on time on February 5, 2026, but technical glitches at BSE platform prevented proper display. The company reported quarterly profit of ₹166 Lakhs versus ₹150 Lakhs last year, though nine-month losses widened to ₹953 Lakhs. The company continues operating under NCLAT resolution framework with unrecognized interest expense of ₹296,535 Lakhs as of December 31, 2025.
25Feb 26
IL&FS Engineering Reports Q3 FY26 Net Profit of ₹166 Lakhs Amid Resolution Process
IL&FS Engineering and Construction Company Limited reported a net profit of ₹166 lakhs for Q3 FY26, recovering from the previous quarter's loss of ₹177 lakhs. However, nine-month performance showed a loss of ₹953 lakhs with revenue declining 27.9% year-on-year to ₹15,811 lakhs. The company continues operating under NCLAT resolution proceedings with accumulated losses of ₹3,60,990 lakhs and faces significant going concern uncertainties.
05Jan 26
IL&FS Engineering Reports ₹2,727.72 Crore Default on Bank Loans as of December 2025
IL&FS Engineering and Construction Company Limited reported significant financial distress with loan defaults of ₹2,727.72 crores against total outstanding bank loans of ₹2,627.72 crores as of December 31, 2025. The company's total financial indebtedness stands at ₹3,097.28 crores, with no defaults reported on unlisted debt securities.
08Dec 25
IL&FS Engineering Reports Continued Losses Amid Ongoing Financial Distress
IL&FS Engineering & Construction Company reported a net loss of Rs 1,119.00 crore for the six months ended September 30, 2025, an improvement from Rs 1,377.00 crore loss in the same period last year. Revenue declined 36.8% to Rs 95.75 crore. For Q2 2025, the company saw a 17.9% revenue drop to Rs 64.30 crore, but net loss improved by 83.2% to Rs 1.80 crore. The company continues to face significant financial challenges, including eroded net worth and defaults on loan payments. A resolution process is underway, with potential sale of equity and approval of a bid by the Committee of Creditors pending.
18Nov 25
IL&FS Engineering Expands Footprint with New Dubai Office
IL&FS Engineering & Construction Company has established a new branch office in Dubai MainLand, UAE, to explore business opportunities in Middle East countries. The company informed the BSE and NSE about this development in compliance with SEBI regulations. This strategic move aims to expand the company's presence in the Middle East infrastructure market and potentially enhance its ability to bid for and execute projects in the region.
15Nov 25
IL&FS Engineering Reports Significant Losses Amid Ongoing Resolution Process
IL&FS Engineering and Construction Company, under NCLAT's resolution framework, reported substantial financial losses in its latest unaudited results. The company's accumulated losses stand at Rs. 3,61,156.00 lakhs with fully eroded net worth. Despite financial challenges, a successful bid has been approved by the Committee of Creditors and awaits final approvals from Justice D.K. Jain and NCLT. The company's Board of Directors approved the unaudited financial results for Q2 and H1 on November 14, adhering to SEBI regulations.
11Aug 25
IL&FS Engineering Reports 51.8% Revenue Decline and Widened Losses in Q1
IL&FS Engineering & Construction Company experienced a 51.8% drop in revenue to Rs 41.22 crore and increased net loss to Rs 9.42 crore in Q1. The company faces operational challenges due to project completions and contract cancellations. With fully eroded net worth and current liabilities exceeding assets by Rs 3,829.36 crore, IL&FS is categorized as a 'Red' entity. A resolution process is underway, with a bid from an unincorporated consortium approved by creditors, awaiting further approvals. The company's future depends on the successful implementation of this resolution plan.
26Jul 25
IL&FS Engineering Loses Bhubaneswar Metro Sub-Contract as DMRC Terminates Main Project
IL&FS Engineering & Const Company's sub-contract for the Bhubaneswar Metro Project has been terminated following the cancellation of the main contract by Delhi Metro Rail Corporation Limited (DMRC). The company had a back-to-back arrangement with Ceigall India Limited for part design and construction of elevated viaduct and six elevated stations. IL&FS Engineering is taking steps to claim damages and compensation, including costs related to demobilization. The company has made necessary disclosures to stock exchanges and closed the trading window for Designated Persons.
24Apr 25
IL&FS Engineering Sees Potential Turnaround with Howen International Fund's ₹350 Crore Bid
IL&FS Engineering & Construction's committee of creditors has approved a ₹350 crore offer from Howen International Fund SPC for a 42.25% stake in the company. The bid, approved by 82% of creditors, could lead to a recovery of up to 80% of the company's ₹2,000 crore external debt. This development may significantly impact creditors, shareholders, and the broader infrastructure sector in India.
22Apr 25
IL&FS Engineering's Stake Sale: CoC Approves Revised Bid from Howen International Fund
The Committee of Creditors (CoC) of IL&FS Engineering has approved a revised financial bid from Howen International Fund SPC for acquiring a 42.25% stake in the company. The CoC, representing 82.58% in value, voted on the resolution. The stake is currently held by Infrastructure Leasing & Financial Services Limited and IL&FS Financial Services Limited. This approval is part of IL&FS Engineering's ongoing financial restructuring process, subject to various statutory and non-statutory approvals. The trading window for the company's securities has been closed since February 25, 2025, for designated persons and their immediate relatives.
25Mar 25
IL&FS Engineering Faces Scrutiny: Indian Overseas Bank Issues Show Cause Notice
IL&FS Engineering received a show cause notice from Indian Overseas Bank regarding the classification of its Rs 123.00 crore loan account as a suspicious fraud account. The notice, dated March 17, 2025, pertains to transactions from April 1, 2013, to September 30, 2018. The company states this is part of the ongoing IL&FS crisis resolution process under NCLAT supervision. Separately, Ms. Lubna Ahmad Usman was appointed as a Non-executive Nominee Director.
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