Securities Appellate Tribunal (SAT) Order In The Matter Of Appeal Filed Against The Securities And Exchange Board Of India (SEBI) Order Dated September 10, 2015

• Security Code: 532907
• Company: IL&FSENGG

This is further to our letters dated September 14, 2015 and October 26, 2015 on the captioned subject

We wish to inform 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/- (Rupees Fifty Nine Crore Sixteen Lakh Forty Nine Thousand and Ninety One only) along with simple interest @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