With reference to the earlier communication regarding SEBI Order dated September 10, 2015, IL&FS Engineering and Construction Company has now informed that Securities Appellate Tribunal (SAT) granted stay order on October 26, 2015, in the matter of the order passed by Securities and Exchange Board of India (SEBI) dated September 10, 2015 directing the Company to disgorge an amount of Rs 591,649,091 along with simple interest at the rate of 12% per annum from January 07, 2009 till the date of payment, in the matter of alleged Insider Trading activity during the period when the Company was under the Control of erstwhile Promoters. The matter has been posted for next hearing on January 12, 2016.
The above information is a part of company’s filings submitted to BSE.
