Punj Lloyd Ltd to Sell 99.98% Stake in Indtech Global Systems Limited to Diversified India Growth Fund

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 99.98% of the shareholding in Indtech Global Systems Limited. The total revenue of Indtech Global Systems Limited in the last financial year was INR 4,93,000. The agreement was entered into on March 31, 2026, and the expected completion date is also on March 31, 2026. The consideration received from the sale is INR 129.39 per share. Diversified India Growth Fund is an alternative investment scheme of Diversified India Growth Trust and is registered as a Category II Alternative Investment Fund with the Securities and Exchange Board of India. None of the buyers belong to the promoter, promoter group, or group companies. The transaction is not a related party transaction and is not done outside the Scheme of Arrangement.