Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : 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 Fund for sale of 99.98% of the shareholding in Indtech Global Systems Ltd. (detailed intimation letter attached)
Awaiting price reaction for this filing.
Punj Lloyd Limited has entered into a Share Purchase Agreement dated March 31, 2026 with Diversified India Growth Fund for the sale of 99.98% of its shareholding in subsidiary Indtech Global Systems Limited. The transaction is part of the company's Corporate Insolvency Resolution Process. The consideration is INR 129.39 per share, with the deal completed on the same date. The subsidiary had total revenue of INR 4,93,000 in FY 2024-25. The buyer is a registered Category II Alternative Investment Fund and is not related to the promoter or promoter group. The transaction does not fall within related party transactions.
This asset sale is part of the insolvency resolution process and reduces the company's subsidiary portfolio. The sale price per share and the small revenue contribution of the subsidiary suggest limited direct impact on financials, but the transaction represents progress in the CIRP.