In furtherance of the 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 entered into a share purchase agreement dated March 31, 2026 with Diversified India Growth Fund for the sale of 100% shareholding in its wholly-owned subsidiary, Sembawang Infrastructure (India) Private Limited. The transaction was completed on the same date at a consideration of INR 0.01 per share. The subsidiary had zero revenue in FY2024-2025. The buyer is a Category II Alternative Investment Fund registered with SEBI, and the transaction is not a related party deal. The buyer does not belong to the promoter or promoter group.
The sale of a zero-revenue subsidiary for nominal consideration suggests Punj Lloyd is cleaning up non-performing assets. The financial impact is negligible given the subsidiary's inactivity, but it reduces complexity in the company's structure.