Punj Lloyd Ltd

Punj Lloyd Ltd has announced the resignation of Mr. Adhish Swaroop from the position of Company Secretary & Compliance Officer. The resignation is effective from the closing business hours on August 31, 2026. Mr. Swaroop cited pursuing an alternate career opportunity as the reason for his departure. The company has acknowledged the resignation and will take it on record.

Punj Lloyd Ltd has scheduled the first meeting of its Reconstituted Committee of Creditors (CoC) for September 2, 2026. The meeting, to be held at 11:30 AM in New Delhi and via audio-visual mode, will discuss the way forward for the closure of the company's liquidation process. This meeting is being held in accordance with Regulation 32 B of the IBBI (Liquidation Process) Regulations, 2016.

Punj Lloyd Ltd has announced the resignation of M/s Kashyap Sikdar & Co., one of its Joint Statutory Auditors. The resignation is effective August 11, 2026. The firm cited professional preoccupation and other commitments as the reasons for stepping down. M/s. Shah Dhandharia & Co. LLP will continue as the other statutory auditor for the company. The company has provided details as required by SEBI regulations.

Punj Lloyd Ltd announced that its Board of Directors, in a meeting held on July 31, 2026, approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The company also noted the resignation of Mr. Rajeev Pal as Additional Director and approved the appointment of Mr. Rahul Singh Tomar as Additional Director. The Board recommended the appointment of M/s. Shah Dhandharia & Co. LLP as Joint Statutory Auditors and approved M/s. KVM & Co. as Cost Auditors.

Punj Lloyd Ltd. announced that its Board of Directors will convene on Friday, July 31, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Additionally, the company informed about the closure of its trading window for dealing in securities. The trading window has been closed since July 1, 2026, and will re-open on August 2, 2026, which is 48 hours after the results are made public, in compliance with SEBI (Prohibition of Insider Trading) Regulations.

Punj Lloyd Ltd has announced the resignation of its Cost Auditors, M/s SGTC & Associates. The resignation is effective July 17, 2026. The auditors cited ineligibility to continue their role as the reason for their departure. The company is required to appoint a new eligible Cost Auditor in accordance with the Companies Act, 2013. SGTC & Associates confirmed that their resignation is not due to any issues with the company's affairs and pledged cooperation for a smooth handover.

A meeting of the Board of Directors of Punj Lloyd Ltd is scheduled for June 1, 2026, to consider and approve the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026, along with the Audited Financial Statements of earlier Financial Year(s), when the company was undergoing Liquidation process. The trading window closure was previously disclosed on March 27, 2026.

A meeting of the Stakeholders Consultation Committee of Punj Lloyd Ltd. is scheduled for May 7, 2026, at 11:30 A.M. The meeting will take place at the company's Corporate Office in New Delhi and via audio/visual mode. The purpose is to seek advice on extending the timelines for the liquidation period of the Company, in accordance with Regulation 32 B of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 100% of the shareholding in Spectra Punj Lloyd Limited. The total revenue of Spectra Punj Lloyd Limited in the last financial year (FY 24-2025) was INR 15,000. The agreement was entered into on March 31, 2026, and the expected completion date is also on March 31, 2026. 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.

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 100% of the shareholding in Punj Lloyd Industries Limited. The total revenue of Punj Lloyd Industries Limited in the last financial year (FY 24-2025) was INR 12,39,000. 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 1.73 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.