In furtherance of our earlier intimation dated February 13, 2026 , we wish to inform you that the Company has entered into a share purchase agreement dated March 31, 2026 with Diversified ....
Awaiting price reaction for this filing.
Punj Lloyd Ltd has signed a Share Purchase Agreement on March 31, 2026 to sell its entire 100% shareholding in subsidiary Spectra Punj Lloyd Limited to Diversified India Growth Fund, a Category II Alternative Investment Fund. The consideration is INR 0.28 per share, with the transaction expected to complete on the same day. Spectra Punj Lloyd Limited is a very small subsidiary, having recorded only INR 15,000 in total revenue during FY 2024-25. The buyer is not related to the promoter, promoter group, or group companies of Punj Lloyd, and the transaction is not a related party deal.
This is a minor, non-core divestiture of a near-dormant subsidiary with negligible revenue, so it is unlikely to have any meaningful impact on the company's financials or stock price. Shareholders should see this as routine portfolio cleanup rather than a strategic shift.