IL&FS Engineering and Construction Company Ltd

AGM Details

• Date and time: 31 July 2026, 11:30 AM IST; mode: VC/OAVM.
• Deemed venue: Registered Office; meeting concluded at 12:15 PM IST.
• Notice and annual report circulated electronically; webcast link available.

Resolutions

• Ordinary: Adopt Audited standalone and consolidated financial statements for FY2025-26.
• Ordinary: Reappointment of Mr. Danny Samuel as Non-executive Director.
• Ordinary: Ratification of remuneration payable to Cost Auditors for FY2025-26 and FY2026-27.

Voting Status

• Voting outcomes not disclosed in the filing.

AGM details

• Date of AGM: 31 July 2026; mode: e-voting with video conferencing.
• Record date for eligibility: 23 July 2026.

Key resolutions and outcomes

• Resolution 1 (Ordinary): Approval of FY25-26 financial statements and reports; passed.
• Resolution 2 (Ordinary): Reappointment by rotation of a director; passed.
• Resolution 3 (Ordinary): Ratification of cost auditors’ remuneration for 2025-26 and 2026-27; passed.

Directors and auditors

• Director: Reappointment by rotation approved.
• Auditors: Cost auditors' remuneration ratified for two years.

Voting context

• All resolutions passed with overwhelming in-favour; negligible dissent.
• Voter turnout details: substantial participation via electronic voting.

AGM Details

• 31 July 2026; AGM held via VC/OAVM at 11:30 AM IST.
• Remote e-voting from 28 to 30 July 2026.
• Cut-off date for voting rights: 23 July 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of audited standalone and consolidated financial statements approved.
• Resolution 2 (Ordinary): Reappointment of director by rotation approved.
• Resolution 3 (Ordinary): Ratification of remuneration to cost auditor approved.

Voting Results

• Resolution 1: Passed with overwhelming majority; small opposition.
• Resolution 2: Passed with overwhelming majority; small opposition.
• Resolution 3: Passed with overwhelming majority; small opposition.

Director Changes

• Director reappointed after retirement by rotation.

Auditor Remuneration

• Remuneration payable to Cost Auditor ratified for FY25-26 and FY26-27.

AGM details

• AGM held on 31 July 2026; meeting 11:30 AM–12:15 PM; voting via e-voting.

Key resolutions

• Adoption of audited standalone and consolidated financial statements for year ended 31 March 2026.
• Reappointment of Mr. Danny Samuel as Non-Executive Director, retires by rotation.
• Ratification of remuneration payable to Cost Auditor for 2025-2026 and 2026-2027.

Voting results

• All resolutions approved by requisite majority via e-voting.
• No significant dissent or opposition reported.

Chairman speech highlights

• 37th AGM held on 31 July 2026 via VC/OAVM as per Companies Act.
• Revenue from operations for FY2025-26: Rs 187.92 crore.
• Profit before tax for FY2025-26: Rs 0.19 crore, turning positive after prior loss.
• Year benefited from debt recoveries and cost optimisation.
• Ongoing resolution under NCLT/NCLAT constrains bidding for new projects.
• Order book depleted amid restricted bidding opportunities.
• Company undertaken select back-to-back projects to preserve liquidity.
• Resolution process expected to unlock project acquisition and improve revenue visibility.
• Going concern and long-term viability remain intact pending resolution outcome.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports enclosed for both standalone and consolidated results.

Going concern and auditor remarks

• Auditors flag material going concern uncertainty; emphasis of matter noted.
• Auditors' conclusion not modified despite going concern notes.

Regulatory actions and resolution process

• SFIO/ED investigations into IL&FS group ongoing; management cooperating.
• Resolution framework approved; EOIs invited for equity sale; CoC approved bid; awaiting NCLT approval.

Key financial and governance items

• Interest not recognized due to resolution cut-off: Rs 11,524 lakhs in quarter; aggregate Rs 3,19,557 lakhs.
• Default in redemption of OCCRPS; dividend payable Rs 1,579 lakhs.
• Consolidated results include six subsidiaries; Maytas Infra Saudi Arabia excluded due to cessation.
• Balance confirmations pending from lenders/customers/vendors; Rs 15,060 lakhs unconfirmed.
• Auditors issued qualified report on consolidated results for year ended March 31, 2026.

AGM Details

• 37th AGM scheduled for Friday, 31 July 2026 at 11:30 am IST.
• Mode: VC / OAVM.
• Integrated Annual Report and AGM Notice sent electronically to members.

Access to Documents

• Soft copy of Annual Report and AGM Notice available via website and QR code.

Meeting Details

• Board meeting on July 31, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window closed since 25 February 2025 till further notice.
• DPs notified of window closure since 1 July 2026 till 48 hours after publication of financial results.

Processing status

• Details of dematerialisation/rematerialisation for the period have been furnished to all depositories.
• Details of dematerialised/rematerialised securities during the period have been furnished to all stock exchanges where listed.