IL&FS Engineering and Construction Company Limited — Board Meeting, 11-08-2025: Outcome of Board Meeting

IL&FS Engineering's Board approved the financial results for the quarter ended June 30, 2025. The company reported a consolidated net loss of ₹9.29 Cr. A crucial update is the ongoing resolution process: a successful bid for acquiring equity stake has been approved by the Committee of Creditors, now awaiting NCLT approval. The company faces significant 'going concern' uncertainties due to its fully eroded net worth, accumulated losses of over ₹3,600 Cr, and reduced operations. Notably, interest expenses of ₹114.22 Cr for the quarter were not recognized, stemming from an NCLAT order related to the resolution.