This is in furtherance to our earlier announcement dated October 18, 2025 regarding Adani Infra (India) Limited ("AIIL") being declared and approved as the successful bidder for acquisition ....
Awaiting price reaction for this filing.
Punj Lloyd Ltd, currently in liquidation, has received approval from the NCLT Principal Bench in New Delhi on February 12, 2026 for the acquisition plan submitted by Adani Infra (India) Limited (AIIL). This follows an earlier announcement dated October 18, 2025, when AIIL was declared the successful bidder for acquiring Punj Lloyd on a going concern basis. The NCLT allowed the application based on an oral order, with the formal written order yet to be uploaded. Further updates will be shared once the final order is available on the NCLT website.
This is a major milestone as it clears the path for Adani Infra to formally take over Punj Lloyd on a going concern basis. For shareholders and creditors, this signals a likely conclusion to the long-drawn liquidation process, though the final impact on equity holders will depend on the terms of the acquisition and recovery for creditors.