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 ....
Awaiting price reaction for this filing.
Punj Lloyd Ltd, currently in liquidation under the Insolvency and Bankruptcy Code (IBC), has informed that Adani Infra (India) Limited has been declared as the Successful Bidder for acquiring the company on a going concern basis. This follows the 14th round of e-auction, after which Adani Infra was identified as the Highest Bidder. The SCC members approved Adani Infra as the Successful Bidder through e-voting that concluded on October 18, 2025. The filing is signed by the Company Secretary and discloses the outcome of the 22nd SCC meeting held on October 13, 2025. Further developments in the liquidation process will be communicated in due course.
For shareholders, this is a significant development as it moves the company closer to the final stage of the liquidation-cum-sale process. The identity of a credible, large bidder like Adani Infra may support hopes of recovery through the liquidation process, though equity holders in a liquidation typically face substantial losses. The stock may see speculative activity on the back of the Adani name association.