IL&FS Engineering discloses defaults on loans and debt

IL&FS Engineering and Construction Company has disclosed defaults on payment of interest and principal for loans from banks and financial institutions, as well as unlisted debt securities, according to a regulatory filing. The total amount outstanding on loans/revolving facilities like cash credit from banks is INR 2,628.05 crore, with the defaulted amount matching the outstanding figure. The company also reports "NIL" outstanding defaults on unlisted debt securities. Total financial indebtedness, including short and long-term debt, stands at INR 3,097.61 crore. The disclosure is in compliance with SEBI circulars regarding default reporting. The company noted that no interest is either being accrued/provided post the 'Cutoff date' except interest on Funded Interest Term Loan (FITL). Cut Off date is 15th October 2018 as per the Orders of Ho'ble NCLT, Mumbai. The figures may undergo minor modification upon finalisation of Unaudited Financial Results for the Quarter ended 30th June 2025.