IL&FS Transportation Networks Limited is unable to service its obligations in respect of the interest/part principal on Non- Convertible Debentures due on March 28, 2024: Nature of obligation /Type of instrument (Listed debt securities, MTNs, FCCBs etc. with ISIN as applicable): Secured, rated, listed, redeemable non-convertible debentures. Tranche XXIV- Series II (Security ITNL25) ISIN: INE975G07068.

Number of investors in the security as on date of default: 19. Date of default: March 28, 2024. Details of the obligation (tenure, coupon, secured/unsecured etc.): Tenure: 7 Years.

Coupon Rate: 9.15% p.a. Coupon Payment Frequency: Quarterly. Security: Debentures are secured by way of a first ranking pari passu charge created and registered with the ROC, over the Hypothecated Assets. Current default amount (Amount in INR) (Please provide the breakup of instalment and interest): Interest due: INR 14,218,750.

[Period for which Interest was due: December 28, 2023 to March 28, 2024 ­ - 91 days] - Part Principal amount ­INR 125,000,000. Gross Principal amount on which the default above has occurred (in INR Million): INR 1,000 million. Total amount of securities issued (in INR Million): INR 1,000 million.

As part of the Interim Distribution process, the Company has made payment of INR 80,392,529/- to the NCD holders on October 18, 2023. Consequent to this payment, the outstanding value of the NCDs shall be reduced to the extent of the payout. Pursuant to the Order passed by the Hon'ble National Company Law Appellate Tribunal ("NCLAT") on October 15, 2018 ("Moratorium Order"), the Company has been prohibited from making payments to all its creditors.

Further vide an Order passed by NCLAT on February 11, 2019, the Company has been classified as a 'Red entity' and confirming that the Moratorium Order has neither been lifted nor modified in any manner. In view of the aforementioned and in compliance with the abovementioned Orders, the Company is unable to undertake any obligations related to payment of interest/principal on Non- Convertible Securities.