IL&FS Transportation Networks Limited — Important, 22-02-2025: Updates

The second interim distribution to eligible Non-Convertible Debenture (NCD) holders is set to begin on February 24, 2025. This distribution follows the record date of February 17. The payout calculations were facilitated by Alvarez & Marsal India Private Limited and Grant Thornton Bharat LLP, in accordance with the revised framework approved by the Hon'ble NCLAT.

Significant amounts will be paid out to NCD holders across various ISINs, with cash distributions and units allocated from the Roadstar Infra Investment Trust totaling substantial payouts. For example, ISIN INE975G08041 will see a distribution of approximately ₹22 crore, while ISIN INE975G08058 will involve distributions of about ₹45 crore. Notably, the admitted claim value will reduce in line with the payouts, impacting the financial positioning of the NCD holders. This interim distribution could enhance the financial standing of the NCD holders, implying a positive outlook for stakeholders engaged in the NCDs management.