MUMBAI: IL&FS Transportation Networks India Limited (ITNL), in a letter to NSE on Thursday, sought time to file its second-quarter results and also asked the exchange to waive penalty imposed on the company for non-compliance of listing rules.
As the company is part of the IL&FS group’s reorganisation plan under the National Company Law Tribunal and is under moratorium granted to 348 of group companies, ITNL requested for waiver of penalty.
It also asked the exchange to not freeze the shareholding of the promoter and promoter group in ITNL and any other securities-held demat accounts of the promoter and promoter group.
“We assure you that we are working earnestly to finalise and submit the financial results for the quarter ended September 30, 2018, to NSE at the very earliest,” the letter said. Meanwhile, ITNL has announced the appointment of Shaivali Parekh as its Chief Financial Officer. The decision was taken at the board meeting, the company said.