IL&FS GROUP FILES RESOLUTION PROGRESS UPDATE AS ON MARCH 31, 2023

AS OF MARCH 31, 2023, THE TOTAL DEBT DISCHARGED TO IL&FS GROUP CREDITORS STANDS AT RS 28,848 CRORES

AS OF MARCH 31, 2023, THE NEW BOARD RETAINS OVERALL DEBT RESOLUTION ESTIMATE AT RS 61,000 CRORES

AS OF MARCH 31, 2023, CASH BALANCE ACROSS IL&FS GROUP STOOD AT RS 14,994 CRORES

AS OF MARCH 31, 2023, AGGREGATE RESOLUTION APPLICATIONS APPROVED BY COURT BUT PENDING CLOSURE STAND AT RS 6,634 CRORES

AS OF MARCH 31, 2023, THE RESOLUTION APPLICATIONS PENDING APPROVAL FROM COURT STOOD AT RS 1,539 CRORES

AS OF MARCH 31, 2023, THE IL&FS GROUP SERVICED DEBT OBLIGATION OF RS 1,232 CRORES IN GREEN ENTITIES

TOTAL DEBT DISCHARGED OF RS 28,848 CRORES INCLUDES : RS 17,894 CRORES RESOLVED THROUGH MONETIZATION AND TERMINATION MEASURES ; RS 4,958 CRORES THROUGH RELEASE OF FUND AND NON-FUND BASED LIMITS ; AND, RS 5,996 CRORES PAID TO EXTERNAL CREDITORS AS INTERIM DISTRIBUTION

IL&FS COMPLETES PAYOUT OF RS 1,908 CRORE UNDER INTERIM DISTRIBUTION

IL&FS PAYS RS 1,273 CRORE TO RAPID METRORAIL GURGAON SOUTH LIMITED CREDITORS

PAYOUT TRANSLATES INTO 81 PER CENT RECOVERY FOR FINANCIAL SECURED CREDITORS

IL&FS COMMENCED INTERIM DISTRIBUTION WITH RS 623.38 CRORE PAYOUT TO RMGL CREDITORS IN NOVEMBER 2022

IL&FS HAS A TOTAL OF RS 16,361 CRORE (INCLUDING RS 11,296 CRORE OF CASH AND RS 5,065 CRORE OF INVIT) APPROVED BY THE COURTS TOWARDS INTERIM DISTRIBUTION

IL&FS ADDRESSED DEBT OF RS 56,943 CRORE AS OF SEPTEMBER 30, 2022 WHICH REPRESENTED OVER 93% OF THE OVERALL ESTIMATED RESOLUTION VALUE OF RS 61,000 CRORE

THE RS 56,943 CRORE DEBT ADDRESSED INCLUDED : RS 43,089 CRORE ACROSS ENTITIES INCLUDING CASH AND INVIT UNITS; RS 16,452 CRORE THROUGH MONETISATION AND TERMINATION; RS 7,254 CRORE APPROVED BY COURTS AND PENDING CLOSURE; RS 5,289 CRORE OF RESOLUTION APPLICATIONS FILED WITH COURTS AND PENDING APPROVALS; AND RS 1,331 CRORE DEBT WHICH WAS FULLY SERVICED ACROSS GREEN COMPANIES

OF THE 347 ENTITIES UNDER IL&FS GROUP AS OF OCTOBER 2018, A TOTAL OF 246 ENTITIES STAND RESOLVED WITH DEBTS OF 101 ENTITIES - 88 DOMESTIC AND 13 OFFSHORE, STILL TO BE RESOLVED

MR CS RAJAN, CMD, IL&FS, HAS BEEN APPOINTED AS NON-EXECUTIVE CHAIRMAN AND MR NAND KISHORE, ED, IL&FS, HAS BEEN APPOINTED AS MANAGING DIRECTOR WEF SEPTEMBER 27, 2022