Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : 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 India Growth Fund for sale of the 100 % shareholding in Sembawang Infrastructure (India) Pvt. Ltd. (detailed intimation letter attached)
Awaiting price reaction for this filing.
Punj Lloyd Limited, currently under Corporate Insolvency Resolution Process (CIRP), has entered into a Share Purchase Agreement dated March 31, 2026 with Diversified India Growth Fund (a Category II AIF) to sell 100% of its shareholding in Sembawang Infrastructure (India) Private Limited. The consideration is INR 0.01 per share, and the deal was completed on the same date. The subsidiary had zero revenue in FY2024-2025. The buyer is not related to the promoter or promoter group, and the transaction is not classified as a related party transaction. This sale appears to be part of the asset monetization under the ongoing insolvency proceedings.
The sale of an asset with no revenue contribution is unlikely to have a material impact on the company's financials. However, it reflects ongoing asset disposal activity as part of the CIRP, signaling continued progress in the resolution process.