IL&FS Transportation Networks Limited — Important, 10-04-2025: Updates

The Company has reported that no new International Securities Identification Numbers (ISINs) were issued or listed during the previous financial year. All existing ISINs have received a "D" rating, indicating severe credit risk, from major rating agencies. The Company remains under a payment moratorium due to an order from the National Company Law Appellate Tribunal (NCLAT), preventing any payments to creditors. It has been designated as a "Red" entity, unable to meet obligations related to financial payments, including interest or principal on non-convertible securities. However, the Company conducted interim distributions to Non-Convertible Debenture (NCD) holders in late 2023 and early 2025 based on admitted values from the NCLT order. Given this challenging financial landscape, investors should exercise caution and closely monitor developments, especially regarding the potential for future payments and overall operational viability.