IL&FS Engineering and Construction Company Limited — Important, 22-04-2025: General Updates

The Committee of Creditors (CoC) has voted, with 82.58% support, on a revised financial bid from Howen International Fund SPC for acquiring 42.25% of IL&FS Engineering and Construction Company's shares currently held by Infrastructure Leasing & Financial Services Limited and IL&FS Financial Services Limited. The voting was open until midnight on April 21, 2025. In accordance with the company’s trading policies, the trading window for designated persons has been closed since February 25, 2025, and will remain closed until further notice. This development is part of the ongoing resolution process initiated by IL&FS, following the guidelines from the National Company Law Appellate Tribunal. Investors should monitor this situation closely as it may influence future shareholding dynamics and company strategy.