IL&FS Engineering and Construction Company Limited — Important, 29-12-2024: Disclosure of material issue

Mr. Manish Kumar Agarwal has resigned as a Non-Executive Director of IL&FS Engineering and Construction Company Limited, effective immediately due to superannuation from the IL&FS Group. His resignation was accepted by the Non-Executive Chairman. As a nominee of Infrastructure Leasing & Financial Services Limited, Agarwal's departure marks a significant change in the board's composition. This development could have implications for the company's governance and decision-making processes. Stakeholders may want to watch closely how this change impacts strategic initiatives moving forward.