Punj Lloyd Limited approved its audited financial results for the year ended March 31, 2026, following a board meeting held on June 01, 2026. The company also approved a scheme of arrangement to transfer its Indian EPC business to Adani Infra (India) Limited, subject to regulatory approvals. M/s. Kashyap Sikdar And Company, Statutory Auditors, issued an audit report with an unmodified opinion on the standalone and consolidated financial results for the quarter and year ended March 31, 2026.

The board appointed Mrs. Sushama Oza (DIN: 07145540) and Mrs. Toral Rajput (DIN: 11586520) as Additional Directors (Non-Executive and Independent) for a term of three years effective June 01, 2026, subject to shareholder approval. The board also constituted various statutory committees required under SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Scheme of Arrangement

The proposed scheme involves the transfer of the Demerged Undertaking, which primarily includes the entire Indian EPC Business (excluding Foreign EPC Business and Investment Companies), from Punj Lloyd Limited to Adani Infra (India) Limited. The transfer will occur as a going concern with all associated activities, assets, and liabilities. The scheme is pursuant to Sections 230 to 232 of the Companies Act, 2013, and requires approval from the National Company Law Tribunal and other regulatory authorities.

The turnover of the Demerged Undertaking as of March 15, 2026, was ₹209.13 Crore. The rationale for the demerger includes rationalizing the organizational structure, consolidating similar businesses, and achieving operational efficiencies. No cash consideration is payable under the scheme. Instead, Adani Infra (India) Limited will issue unlisted Preference Shares to the eligible equity shareholders of Punj Lloyd Limited. There will be no change in the shareholding pattern of Punj Lloyd Limited.

Director Appointments

The board appointed two independent directors to strengthen governance:

Mrs. Sushama Oza brings over 35 years of experience in the development sector, while Mrs. Toral Rajput is a qualified medical practitioner specializing in anaesthesia. Both appointees are not debarred from holding the office of director by any order of SEBI or other authority.

Punj Lloyd filed its annual financial results for the financial year ended March 31, 2024, following a board meeting on June 01, 2026. The filing includes standalone and consolidated financial statements, along with statements of assets and liabilities and cash flow statements. The submission was made to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 read with Regulation 33 of the SEBI LODR Regulations.

Audit Report Details

The audit reports for the financial statements were issued by Kashyap Sikdar And Company, Chartered Accountants. The firm serves as the statutory auditor for Punj Lloyd. The auditors issued the report without any modified opinion for the year ended March 31, 2024.

Board Meeting Proceedings

The board meeting to consider the financial results commenced at 4.00 p.m. and concluded at 7.30 p.m. on June 01, 2026. The meeting was held to review and approve the financial performance of the company for the specified period.