In term of Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015 , as amended and in continuation of our intimation(s) dated February 12, 2026, February 13, 2026 ....
Awaiting price reaction for this filing.
Punj Lloyd's newly reconstituted board approved a preferential issue of 5,00,000 equity shares at INR 2 each, raising INR 10 lakh in total. Of these, 4,75,000 shares (INR 9.5 lakh) are being issued to Adani Infra (India) Limited and 25,000 shares (INR 50,000) to Dincum Growth Fund Mauritius. This issuance is a step in implementing the acquisition plan where Adani Infra is the successful bidder, approved by NCLT orders in February 2026. The suspended board was discharged and replaced with a new board on March 10, 2026 to give effect to the resolution plan.
This preferential allotment formalizes Adani Infra's acquisition of Punj Lloyd under the NCLT-approved Corporate Debtor resolution process, marking a definitive change in ownership. Shareholders should expect further changes in board composition, business direction, and potential open offer obligations in due course.