KUALA LUMPUR : Ingress Corporation Bhd said yesterday it had been unable to deposit RM25million into an ijarah service reserve account (ISRA) in relation to its RM160 million sukuk al-Ijarah by the deadline.

It had to deposit the amount into the ISRA latest Tuesday, which represents the remaining 50% of the sukuk's first principal repayment of RM50 million that is due on July 9.

"Ingress, together with our financial adviser, is currently engaging the sukuk holders for an extension of the maturity date due on July 9, with a view of formulating a comprehensive financial restructuring plan for the whole of the ingress group," it said .