IL&FS Investment Managers Ltd Share Price

IL&FS Engineering Secures ₹414 Cr Subcontract for Jaipur Metro Phase-II

has secured a subcontract worth ₹414.05 crore (inclusive of GST) for the Jaipur Metro Phase-II MRTS project. The order was awarded by the Lead Member of the Consortium (Main Contractor) on behalf of the Jaipur Metro Rail Corporation Limited (JMRCL). Key Highlights: Scope of Work: Design and construction of an elevated viaduct and 10 elevated stations (including Prahladpura, Sitapura, and Kumbha Marg). The work spans from chainage -600 m to 11,400 m and includes a spur line towards the depot. Exclusions: Architectural finishing for the Pinjrapole Gaushala station is excluded from this specific scope. Contract Share: This subcontract represents 49% of the total contract value for this package. Regulatory Disclosure: Announced in compliance with SEBI LODR Regulation 30. Strategic Significance: Order Book Augmentation: The ₹414 crore win significantly bolsters IL&FS Engineering’s order pipeline, providing strong revenue visibility for the near-to-medium term. Urban Infrastructure Expertise: Reinforces the company's core competencies in complex, large-scale urban transit and metro rail infrastructure projects. Sector Tailwinds: Aligns with the ongoing government push to expand mass rapid transit systems in key tier-2 cities to decongest urban traffic. Outlook: While the order provides robust top-line visibility, the execution of large civil infrastructure projects requires stringent working capital management. Investors will monitor the project's progress, margin realization, and timely billing cycles.

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Texmaco Rail & Engineering Strengthens Order Book with ₹126 Crore Wins in Freight Wagon Segment

Executive Summary Texmaco Rail & Engineering Ltd. has successfully secured two significant domestic contracts cumulatively valued at approximately ₹126.27 crore. These mandates, awarded by key logistics players IVC Logistics and APL Logistics Vascor Automotive, underscore the company's robust positioning in the freight wagon manufacturing sector and provide continued revenue visibility through the fiscal year 2027. Key Order Developments IVC Logistics Mandate: Valued at ₹62.21 crore (excluding taxes), this contract involves the manufacturing and supply of rakes consisting of ACT1 wagons along with BVCM Design-C wagons. The project execution timeline is set for completion by August 2026. APL Logistics Vascor Automotive Mandate: A distinct order worth ₹64.06 crore (excluding taxes) regarding the supply of ACT1 wagon rakes accompanied by BVCM-type brake vans. The delivery schedule for this contract targets completion by September 2026. Operational & Strategic Impact Both contracts are domestic in nature and serve to reinforce Texmaco’s footprint in the specialized logistics infrastructure space. In a regulatory filing, the company confirmed that these orders do not fall under related party transactions, and neither the promoter nor the promoter group holds any interest in the awarding entities. These wins follow a strong precedent set in September 2025, when the firm secured an ₹86.85 crore order from UltraTech Cement, signaling sustained demand momentum for specialized rolling stock. Market Reaction Despite the positive operational updates, market sentiment remained subdued during the trading session on Friday, January 9, 2026. Shares of Texmaco Rail settled at ₹126.45 on the BSE, marking a decline of 1.94% from the day's opening price.

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IL&FS Group Recovery Proceedings & Debt Resolution Status

Executive Summary The Infrastructure Leasing & Financial Services (IL&FS) Group has initiated decisive legal measures before the National Company Law Tribunal (NCLT) to recover ₹187 crore in excess remuneration paid to former directors. Concurrently, the Group reports steady progress in its debt resolution framework, having discharged over ₹48,000 crore to creditors as of September 2025. Key Developments 1. Recovery of Excess Remuneration (₹187 Crore) Legal Action: IL&FS is filing applications with the NCLT to recover excess payouts from erstwhile whole-time and independent directors of the parent company and its subsidiaries, IFIN and ITNL. Rationale: The claim is based on the restated financials for FY 2013-14 through FY 2017-18. The recast books revealed a cumulative loss of ~₹9,600 crore, contradicting the originally reported profit of ₹1,869 crore. Consequently, managerial remuneration paid during this period is deemed recoverable under Section 199 of the Companies Act (recovery in cases of fraud/non-compliance). Current Status: While two independent directors have voluntarily returned funds without admitting liability, the erstwhile whole-time directors—who account for nearly 90% of the dues—are contesting the demand. 2. Financial Restatement & Audit The Group is reopening financial statements for FY 2018-19 and FY 2019-20 to incorporate the impact of the historical recast. The revised statements are currently being audited by NCLT-appointed statutory auditors, with finalization targeted before December 31, 2025. 3. Debt Resolution Progress (As of Sept 2025) Discharged Debt: The Group has successfully discharged ₹48,463 crore to creditors. This reflects a 7.02% increase from the ₹45,281 crore resolved as of March 2025. Resolution Guidance: IL&FS maintains its aggregate resolution target of ₹61,000 crore, representing approximately 61.39% of the total external debt outstanding (₹99,355 crore).

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