In continution of the announcement(s) dated February 12, 2026 & February 13, 2026 Further a meeting of the Liquidator with the successful bidder was conducted on February 28, 2026 wherein ....
Awaiting price reaction for this filing.
Punj Lloyd, currently in liquidation, has signed key agreements to sell its assets to Adani group entities following an NCLT order dated February 12, 2026. Adani Infra (India) Ltd was the successful bidder under the insolvency process. On February 28, 2026, a Business Transfer Agreement was signed to sell the company's Defence Unit to Adani Defence Systems and Technologies Ltd. Additionally, subsidiary Punj Lloyd Aviation Ltd signed a Share Purchase Agreement to sell its shares in Air Works India (Engineering) Pvt Ltd to Adani Defence Systems. These agreements implement the NCLT-approved acquisition plan discussed in a meeting between the Liquidator and the successful bidder.
This marks the final stage of asset sale under the liquidation/insolvency process. For shareholders, this likely signals the end of the company's operational existence, with equity holders typically receiving little to no value in liquidation scenarios. The stock may continue to trade on residual value or face delisting considerations.