Declaration of Financial Results for Q2, FY''2026-2027

IL&FS Engineering and Construction Company Limited CIN - L45201TG1988PLC008624 Corporate Office Ground Floor, Enkay Centre, T +91 124 4988700 Plot No# A, Vanijay Nikunj, F +91 124 4988750 Udyog Vihar, Phase-5, NH-8, E info@Ilfsengg.com Gurugram- 122016, W www.Ilfsengg.com Haryana, India 3rd November, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, “Exchange Plaza” Bandra- Kurla Complex Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai- 400 051 Scrip Code: 532907 Symbol: IL&FSENGG Sub: Outcome of Board Meeting Dear Sir/ Madam, The Board of Directors of the Company at its meeting held today i.e. 3rd November, 2026 has inter-alia, approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Six months ended 30th September, 2026. A copy of the said results (Standalone and Consolidated) along with Limited Review Reports are enclosed in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting of the Board of Directors commenced at 2:00 P.M. and concluded at 3:55 P.M. This is for your kind information and record, please. Thanking You, Yours faithfully, For IL&FS Engineering and Construction Company Limited Rajib Kumar Routray Company Secretary & Compliance Officer Door No.8-2-120/113, B Block, First Floor Sanali Park, Rd No. 2, Banjara Hills, Hyderabad 500034, Telangana, India T +91 40 40409333 F +91 40 40409444 M. BHASKARA RAO & CO 5.D, FIFTH FLOOR, "KAUTILYA" CHARTERED ACCOUNTANTS 6-3-652, SOMAJIGUDA, PHONES : 23311245, 23393900 HYDEFTABAD- 5OO O82. I NDIA, FAX : 040-23399248 e-mail : mbr_co@mbrc.co.in Independent Auditor's Revierv Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Cornpany Pursuant to the Regulation 3J of the SIBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended lhe Board of f)irectors of IL&FS f,ngineering and Construction Company Limited We have reviervet'l tlie acconrparryirru Statetuent of Unaudited Standalone Financial Results of IL&FS Engineering and Corrstruction Company Lirnited ('the Clompany') fbr the quarter ended Septenrber 30,2026 arrrl year to date ti'om r\pril 01,2026 to September 3A,2026, ('the Staternent'), attached helewith, being submitted by the Courpany pursuarlt to the reclrirernents olRegulation 33 ol the SllBl(Listing Obligations and f)isclosure Requiremerrts) Regulations.20l5 as amended ('Listirtg Regulations'). ) 'l-ltis Statement, which is tlre resporrsibility of the Comparry's lvlanagenrent and approved by the Board of Directors of the Company on Novenrber A3, 2026, has been prepared in accordance with the recognition and rneasurernent pdnciples laid down in lndian Accounting Standard 34 ("lnd AS 34) "lnterint F'inancial Reporting" prescribed under Sectiorr 133 of the Companies Act 20 13. as amended. read with relevant rules issued thereurrder and other accounting principles generally accepted in Irrdia. Our responsibility is to express a conclusion on ther Statentent based on our review. ) We conducted our revie,,v of the Statemgrt in accordance rvith the Standard on Review F,ngagements (SRE) 24 l0 'Review of lnterirr Financial lntbrmation Perfbrmed by the Independerrt Auditor of the Entity', issued by the Institute of Chartered Accountants of India.'l"his Standard requires that we plan and perforrn the review t() obtairr rnoderate assurancc as to rvhether tlrt Statenrent is liee of material misstatemerrt. A revieq' of interim financial inlbrrnation crrnsists ol rnaking inquilies, prirnarily ot' pelsons responsible fbr flnancial artrl aecountins rnatters. and applying analytical and other review procedures.,,\ revierv is substantially less in scope than an audit conclucted in accordance rvith Standards on Auditing and consequenll,y does not etlable us k) obtain assurance that we would become aware of all sigrrit'icant rnottL'rs that nright be iderrtitred in an audit. Accordirrgly, we do not express an audit opinion. Material uncertainty related to going Concern; 4 Attention is invited to Note 5 to the Statenrent regarding corrtinued losses, erosion of net worth as at the period end, and signif rcant reduction in the Cornpany's incorne frrrnr clperations and other rnattcrs dcrailed in the said paragraph. l'lrese evcnts and conditions indicate a rniltcrial uncertainty which cast a significant doubt on the Cornpany's ability to contirrue as a going concenl, and therefore it ma.t not be able to realise its assets irnd discharge its liabilities including poterrtial liabilities in ths normal course of business. The abitity ol'the Company to continue as a going concern is solely depcndent on the tinalisation anii approval of'the resolutiorr process. rvhich is not rvholly" rvithin the control of the Contpartl,. 'l'he Llanagernent of' tlre Cornpanv lras plepared these flrrarrcial rcsults on qoing concern basis considcrirrg status of process initiated b.v'thc Boarcl and lntcrirn ()rcl!:rs ol-NCLAT. Our conclLrsion is ntlt rnoditied in rc'spcct of tlris ntatter' rlartd o et M. BHASKARA RAO & CO CONTINUATION SHEET Emphasis of Matter: -i. We clraw attentiorr to tlre fbllor'ving noles to the Statenlent: a) Note 4 regarding ongoing irrvestigations by Serious liraud Investigation Oftice of Ministry of Cornpany All'airs (SFtO), Enfbrcernent Directorate (ED) and other regulators / agencies against lnfiastrlrcture t.easing & Financial Servicss l,inritcd ('lL&F'S'or'the Flolding Company'), and its subsidiaries (including the Cornpany). 1-he starrdalone tjnancial results of the Company fbr the period ended Septenrber ,10. 2026 do nol include adjustrnents, if any, that rnay arise on accoutlt olthe ongcling investigations by the investigating agencies, Regulatorl' Authorities and other agencies. as thc manasernent, at this jttncturc, do not tbresee any adjustrnents {o be macle in these fjnancial resrrlts,rt'the Conrpany as a result of investigations. b) Note 6 relating to non-recognition of interest expense on borrowings availed by the Company, pursuant to the Interinr Order and the Judgernent passed by NCLA-| specilying October I 5. 2018 as cut olTdate lbr initiation of resolution process. of Rs.24,217 t,akhs (excluding penal / other interest and charges) for the period ended Septernber 30. 2026. Aggregate amount of interest expense not so recognised as at Septerriber 30. 2026 is Rs.3,32,250 l,akhs approximately'. c) Note 8 regarding non-rcceipt of corrlirmation of'tralances as at Septenrber 30,2026 tiom some lenders, custorners and vendors. [n the abse;rce of couflrntations. tlre adjustrnents, ilarry, on account of unsettlec{ transactiotls, to the carrying values ol assels and liabilities cannot bc ascerlai ned. The adjustrnents, if any, arising out ol the above mattcrs to the carrying value of assets ur to the arnoLlnts disclosed in f'inancial slatemcllts. cilnnot be detcrnrined at this juncture fbr the reasons stated irt re'spr:ctive rtotes. Our conclusion on the accompanying statement is not nrodil'iecl in rcspect ol the above rnatters. Conclusion 6. Based on our review conducted and procedures pertbnned as stated iu paragraph S above, read rvith lVlaterial uncenainty relating to the Coing Conceru and read with the rllatters at paragraphs 5(a) to 5(c) under Erlphasis of lvlatter ahove, notlring has corne to our attention tlrat causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurelnent prirrciples laid down in the afbresaici Inclian Accounting Starrdarcls spccified under Sectiotr 133 of the Companies Act,20lJ as arnended, read rvith relevant rtrlss issuecl thereunder ancl other accounting principles generally accepted in lndia. has not disclosed the infbrnration recluired to be disclosed in tenns olthc l,isting Regtrlations. includingthe rnanrrc'r in which it is ro be disclosed, orthat it contains arry nratelial nrisstaternent. flr M. llhask [Showing first 8,000 characters — download PDF for full document]