IL&FS ENGINEERING AND CONSTRUCTION COMPANY LTD. - Outcome of Board Meeting

IL&FS Engineering and Construction Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016 has resolved, subject to requisite approvals by members of the Company through postal ballot and other Statutory / Regulatory approvals, if required, to issue Preference Shares of Rs. 100 each on preferential basis for an amount up to Rs. 500 Crore.