Punj Lloyd Ltd

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.

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 84.6% of the shareholding in Punj Lloyd Aviation Ltd. The agreement was executed on March 31, 2026, and the expected completion date is also on the same day. The consideration received from the sale is INR 0.0019 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. The sale is not a related party transaction and is not part of a scheme of arrangement.

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.

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 99.99% of the shareholding in Atna Investments Ltd. The total revenue of Atna Investments Ltd in the last financial year (FY 24-2025) was INR 5,63,000. The agreement was executed on March 31, 2026, and the expected completion date is also on the same day. The consideration received from the sale is INR 15.61 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 at 'arm’s length'.

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 100% of the shareholding in Sembawang Infrastructure (India) Private Limited. The agreement is for INR 0.01 per share. Sembawang Infrastructure did not have revenue in the last financial year. The expected date of completion of sale is 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. The transaction is not a related party transaction and is not done outside the Scheme of Arrangement.

Punj Lloyd Ltd announced the allotment of 500,000 fully paid equity shares at a par value of INR 2 per share on a preferential basis. The Board of Directors approved the allotment in a meeting held on February 12, 2026. The total issue amount is INR 10,00,000. Adani Infra (India) Limited and Dincum Growth Fund Mauritius are the allottees with 4,75,000 and 25,000 shares respectively.