Adani Enterprises Limited has informed the Exchange regarding 'Completion Of Acquisition Of Defence Unit From Punj Lloyd Ltd By Wholly Owned Subsidiary Of The Company'.
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Adani Enterprises' wholly owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL), has completed the acquisition of the Defence Unit of Punj Lloyd Ltd (PLL) located at Malanpur, Madhya Pradesh. The Business Transfer Agreement (BTA) was originally signed on February 28, 2026, and the transfer was formally completed on March 10, 2026. This is a follow-up intimation to the earlier disclosure dated March 1, 2026. No financial details of the deal (such as purchase consideration) have been disclosed in this filing.
This acquisition strengthens Adani Enterprises' presence in the defence manufacturing sector through its subsidiary. The Malanpur facility adds operational capacity in defence, which could support future revenue growth, though the deal's financial impact is not yet clear from this filing.