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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
IL&FS Transportation Networks Ltd

IL&FS Transportation: 3rd Interim NCD Distribution Payment Initiated April 16

DIVIDEND ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 17 Apr 2026, 04:01 PM IST  ·  BSE ID: 26fd5873-bc93-4bd3-a20b-d9739c895b62
View Original BSE Filing (PDF)
💡
In Simple Terms
IL&FS Transportation paid out the third batch of cash to its debt holders using court-ordered distribution, with different percentage payouts across 15 bond series.
🤖 AI Summary
  • 3rd interim NCD distribution initiated April 16, 2026 across 15 ISIN series under NCLAT orders
  • Distribution percentages range 7–37% per debenture per ISIN series to eligible NCD holders
  • Record date April 10, 2026 established to determine eligible debenture holders for payment
  • Alvarez & Marsal India and Grant Thornton Bharat calculated distribution amounts per ISIN
  • Admitted claim value of NCDs reduced by extent of interim distribution payout amount
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of ISIN series in distribution
15 ISIN series
Distribution payout range per debenture
7–37% depending on ISIN series
Record date for eligible NCD holder determination
April 10, 2026
Payment initiation date
April 16, 2026
🏢 How This Affects the Company
💰
Financial Impact
Cash outflow from company treasury to eligible NCD holders. Admitted claim value liability reduced by distribution amount paid. Reduces outstanding debenture claim exposure on balance sheet.
⚠️
Risk Impact
Court-supervised distribution execution reduces bankruptcy/insolvency risk. Completion of interim payout milestone demonstrates adherence to NCLAT resolution framework and credibility with stakeholders.
👥 What This Means For Shareholders
✅
Action Required
NCD holders must ensure demat account registration as of record date April 10, 2026 to receive payment. No action required for equity shareholders.
👤
Who Is Affected
Eligible NCD holders across 15 ISIN series (INE975G08058 through INE975G08306 and variants) received interim payout in cash based on record date holding. Payment amount per debenture varies 7–37% based on ISIN series.
🔍
Management Signal
Structured interim distribution execution demonstrates management's adherence to court-ordered resolution plan and ongoing commitment to creditor obligation fulfillment under NCLAT supervision.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Announcement of fourth interim distribution to NCD holders — track timing and ISIN series coverage
NCLAT order updates or modifications affecting distribution schedule or payment percentages — monitor court filings
Company operational cash flow statements — assess liquidity adequacy for remaining interim and final settlements
MEDIUM RISK Prolonged multi-tranche distribution structure (7–37% per interim) extends creditor recovery timeline. No disclosed completion date for full settlement creates resolution completion uncertainty.
💡 Investor Takeaway
IL&FS Transportation executed third interim NCD distribution across 15 ISIN series with payouts ranging 7–37% per debenture on April 16, 2026, reducing admitted claim liability. Track completion of remaining interim tranches to assess full creditor recovery timeline under NCLAT framework.
⚖️ Strengths & Concerns

✅ Positives

  • Third interim payout completed on schedule, demonstrating consistent execution of court-ordered distribution framework over time
  • Multiple ISIN series (15 series) indicates broad NCD holder base receiving payments under structured resolution

⚠️ Concerns

  • Payout percentages (7–37%) per ISIN indicate partial claims settlement; full recovery of admitted claim value extended over multiple distribution tranches
  • No timeline disclosed for remaining interim distributions or final settlement; uncertainty on total payout duration remains
📅 Company Track Record
IL&FS Transportation under NCLAT resolution framework since 2020. Third interim distribution follows April 15, 2026 announcement and April 7, 2026 record date fixation. First and second interim distributions completed in prior periods under same NCLAT orders dated March 12, 2020, May 31, 2022, and February 13, 2023.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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