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| Exchange Received Time 01/10/2018 20:33:52 Exchange Disseminated Time 01/10/2018 20:34:02 Time Taken 00:00:10 | We wish to inform that pursuant to the Order passed by the National Company Law Tribunal (NCLT) dated October 1, 2018 under the provisions of Section 241 and 242 of the Companies Act, 2013, the present Board of Directors of Infrastructure Leasing & Financial Services Limited (IL&FS), the holding company, has been suspended with immediate effect and 6 new members have been inducted on the Board of IL&FS
As a consequence, the current nominee directors of IL&FS on our Board i.e. Mr. Hari Sankaran and Mr. Arun K Saha cease to be directors of the Company with immediate effect
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