IL&FS Engineering and Construction Company has informed that the Company had earlier filed an appeal with SAT against the SEBI Order dated September 10, 2015 in which SEBI has directed the Company to disgorge an amount of Rs 59,16,49,091 along with simple interest at 12% p.a. from January 7, 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 said matter was heard by SAT on June 22, 2018, wherein the appeal was allowed and the impugned SEBI order dated September 10, 2015 was quashed and set aside qua the appellant with no order as to cost. A copy of SAT order has been received by the Company on June 27, 2018.
The above information is a part of company’s filings submitted to BSE.
