In terms of Securities and Exchange Board of India (Lisitng Obligations & Disclosure Requirements) Regulations, 2015 (LODR) read with Schedule III of LODR and in furtherance of disclsoure ....
Awaiting price reaction for this filing.
Punj Lloyd Ltd, currently in liquidation, has formally completed the closing of two transactions previously announced in February 2026. The Defence Unit of the company has been transferred to Adani Defence Systems and Technologies Limited (ADSTL) under a Business Transfer Agreement signed on February 28, 2026. Additionally, shares of Air Works India (Engineering) Private Limited held by subsidiary Punj Lloyd Aviation Limited (PLAL) are being processed for transfer to ADSTL under a Share Purchase Agreement from the same date. The closing follows the NCLT order of February 12, 2026, approving Adani Infra (India) Limited's acquisition plan for Punj Lloyd as the successful resolution applicant under the insolvency process.
For shareholders, this marks the formal completion of key asset transfers to the Adani group as part of the ongoing liquidation and resolution process. Since Punj Lloyd is in liquidation, the proceeds will primarily go toward repaying creditors, and equity holders typically face significant loss in such outcomes. The stock may see continued subdued trading given the liquidation status.