In continuation of our announcement dated March 12, 2026(copy attached), we would like to inform you that in terms of SEBI Circular No. HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 the ....
Awaiting price reaction for this filing.
Punj Lloyd's newly reconstituted board has approved issuing 5,00,000 equity shares on a preferential (private placement) basis at face value of INR 2 per share, raising INR 10,00,000 (INR 10 lakhs) in total. Of these, 4,75,000 shares go to Adani Infra (India) Limited (the acquirer) and 25,000 shares to Dincum Growth Fund Mauritius (a public shareholder). This is a follow-up disclosure to the March 12, 2026 board approval. The issuance is part of implementing the acquisition of Punj Lloyd by Adani Infra through the NCLT insolvency process, after the suspended board was replaced and a new board was constituted to execute the resolution plan.
This is a tiny, token equity issuance linked to the Adani acquisition rather than fresh capital raising, so dilution impact on existing shareholders is negligible. Investors should view it as an administrative step to formalize the post-CIRP ownership structure under the new Adani-led board.