Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : Pursuant to Reg. 30(2) of SEBI (LODR) Reg, 2016 (LODR) & in accordance with the req. of Sch. III of LODR we wish to inform you the outcome of the e-voting held in 22nd SCC meting of the Co. held on 13.10. 2025, which is as follows : After the concl. of 14th round of e-auction in process of sale of the Co. on going concern basis under the applicable prov. of IBC, 2016 Adani (Infra) India Ltd. had submitted its bid for acquisiton of the Co. on going concern basis and it was declared as the highest bidder. Accordingly the Liquidator of the Co. presented the e-auction results as per Liqu. Reg''ns, in the SCC meeting held on 13.10.2025. After deliberation in the meeting a resolution to approve Adani (Infra) India Ltd. as successful bidder was put ot e-vote as per Liqu. Reg''ns. After con. of e-voting period at 5 p.m. on 18.10.2025 Adani (Infra) Ltd. has been declared as the successful bidder. Further developments will be informed in due course of the process of Liq. of Co. on going basis
Awaiting price reaction for this filing.
Punj Lloyd Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, has received a successful bidder for the sale of the company on a going concern basis. After the 14th round of e-auction, Adani (Infra) India Ltd. emerged as the highest bidder. In the 22nd Stakeholders Consultation Committee (SCC) meeting held on 13 October 2025, the Liquidator presented the e-auction results and put a resolution to approve Adani (Infra) India Ltd. as the successful bidder to e-vote. The e-voting concluded at 5 p.m. on 18 October 2025, and Adani (Infra) India Ltd. was formally declared the successful bidder. Further developments in the liquidation process will be communicated in due course.
Shareholders now have clarity on the acquirer for Punj Lloyd under the insolvency process, with Adani (Infra) India Ltd. set to take over the company on a going concern basis. The stock may see movement based on the final acquisition price and treatment of shareholder/creditor claims once completion is announced.