Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : In furtherance of our 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 100% of the shareholding in Spectra Punj Lloyd Ltd. (detailed intimation letter attached).
Awaiting price reaction for this filing.
Punj Lloyd Limited has entered into a share purchase agreement with Diversified India Growth Fund to sell 100% of its shareholding in Spectra Punj Lloyd Limited. The agreement was executed on March 31, 2026, with completion also on the same date. The consideration is INR 0.28 per share. The subsidiary had total revenue of INR 15,000 in FY 2024-2025. The buyer is Diversified India Growth Fund, a Category II Alternative Investment Fund registered with SEBI, and is not related to the promoter or group companies. This transaction is not a related party transaction and is not part of any scheme of arrangement. The company is currently under Corporate Insolvency Resolution Process, and this asset sale appears to be part of the resolution proceedings.
This sale represents a disposal of a subsidiary asset during the insolvency resolution process, which could help generate value for creditors. However, the low consideration of INR 0.28 per share indicates this is likely being executed at distressed valuations to facilitate the broader insolvency resolution.