In furtherance to our intimation dated February 13, 2026, we wish to inform you that the Company has entered into share purchase agreement dated March 31, 2026 with Diversified India Growth ....
Awaiting price reaction for this filing.
Punj Lloyd Ltd has entered into a Share Purchase Agreement dated March 31, 2026, to sell its 99.98% stake in subsidiary Indtech Global Systems Limited to Diversified India Growth Fund (a Category II AIF registered with SEBI). The deal was completed on the same date at a price of INR 129.39 per share. The buyer is not related to the promoter or promoter group, and the transaction is not classified as a related party transaction. Indtech Global Systems had total revenue of INR 4,93,000 in FY 2024-25, indicating it was a relatively small subsidiary. The transaction falls outside any scheme of arrangement.
This sale reduces Punj Lloyd's subsidiary portfolio by divesting a near-complete stake in one entity. Given the subsidiary's very small revenue, the financial impact on Punj Lloyd is likely minimal, but it signals an ongoing asset rationalisation programme.