Punj Lloyd Completes Preferential Allotment of 5 Lakh Equity Shares Worth ₹10 Lakh
Punj Lloyd Limited completed its preferential equity allotment of 500,000 shares at ₹2 per share on March 24, 2026, raising ₹10 lakh. Adani Infra (India) Limited subscribed to 475,000 shares worth ₹9.50 lakh, while Dincum Growth Fund Mauritius took 25,000 shares for ₹50,000. The Board approved the allotment following the company's February 12, 2026 disclosure regarding the private placement.
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Punj Lloyd Limited has successfully completed its preferential equity issue, allotting 500,000 fully paid equity shares at par value of ₹2 per share. The Board of Directors approved the allotment during their meeting held on March 24, 2026, which commenced at 10 a.m. and concluded at 11 a.m.
Allotment Details
The preferential issue raised a total amount of ₹10 lakh through the allotment of equity shares at par value. This development follows the company's initial disclosure dated February 12, 2026, regarding the proposed issuance of equity shares on a private placement basis.
| Parameter: | Details |
|---|---|
| Total Shares Allotted: | 500,000 equity shares |
| Issue Price: | ₹2 per share |
| Total Amount Raised: | ₹10 lakh |
| Face Value: | ₹2 per share |
| Type of Issue: | Preferential Issue |
Allottee Distribution
The preferential allotment was distributed between two subscribers, with Adani Infra (India) Limited securing the majority stake in the issue.
| Allottee: | Shares Allotted | Issue Price (₹) | Total Consideration (₹) |
|---|---|---|---|
| Adani Infra (India) Limited (with nominees): | 475,000 | 2 | 9,50,000 |
| Dincum Growth Fund Mauritius: | 25,000 | 2 | 50,000 |
| Total: | 500,000 | 10,00,000 |
Adani Infra (India) Limited, along with its nominees, subscribed to 475,000 equity shares, representing 95% of the total allotment. The remaining 25,000 shares were allocated to Dincum Growth Fund Mauritius, classified as a public shareholder.
Regulatory Compliance
The company has fulfilled all requisite disclosure requirements pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025 CFD-PoD2/1/3762/2026 dated January 30, 2026.
Following this allotment, the company's issued and paid-up share capital has been updated to reflect the additional equity shares issued through this preferential placement. The allotment represents a strategic capital raising initiative for Punj Lloyd Limited, with Adani Infra emerging as a significant stakeholder through this transaction.
Will Adani Infra's 95% stake in this preferential issue lead to a potential acquisition or merger with Punj Lloyd?
How does Punj Lloyd plan to utilize the ₹10 lakh raised from this equity issue for its business operations?
Could this strategic partnership with Adani Infra open new infrastructure project opportunities for Punj Lloyd?
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