Punj Lloyd Limited has informed stock exchanges about its upcoming Twenty Fourth meeting of the Stakeholders Consultation Committee, scheduled to discuss developments in the company's ongoing liquidation process.

Meeting Details

The stakeholder meeting has been scheduled with the following specifications:

Regulatory Framework

The meeting is being convened under Regulation 32 B of The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The primary agenda focuses on discussing developments that have taken place in the liquidation process of the company.

Compliance Disclosure

Punj Lloyd Limited made this disclosure to BSE Limited and National Stock Exchange of India Limited under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The communication was signed by Adhish Swaroop, Company Secretary, and dated March 23, 2026.

The hybrid meeting format, combining physical presence at the New Delhi corporate office with audio and visual participation options, ensures broader stakeholder accessibility to discuss the ongoing liquidation process developments.

Punj Lloyd Limited has announced the approval of a preferential issue of equity shares on a private placement basis, marking a significant development in the company's ongoing acquisition process. The board of directors approved this issuance during their meeting held on March 12, 2026, which commenced at 5:30 p.m. and concluded at 6:45 p.m., as part of implementing the acquisition plan by Adani Infra (India) Limited.

Preferential Issue Details

The preferential issue comprises 5,00,000 fully paid-up equity shares with a face value of ₹2 each, generating a total issue amount of ₹10,00,000. The shares are being issued at the face value price of ₹2 per share to two designated allottees.

Allottee Distribution

The equity shares will be distributed between two entities, with Adani Infra (India) Limited receiving the majority allocation. The distribution reflects the strategic nature of the acquisition plan previously approved by the National Company Law Tribunal.

Background and Regulatory Compliance

This preferential issue follows a series of regulatory developments that began in February 2026. The company had previously submitted intimations on February 12, 2026 and February 13, 2026 regarding the acquisition plan by Adani Infra (India) Limited for Punj Lloyd Limited, which was operating as a corporate debtor.

The National Company Law Tribunal, Principal Bench, New Delhi issued orders on February 12, 2026 and February 17, 2026 approving the acquisition plan. Subsequently, on March 10, 2026, the company announced the discharge of its suspended board of directors and the appointment of a new reconstituted board to implement the acquisition plan.

Regulatory Disclosure

The disclosure has been made under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025 CFD-PoD2/1/3762/2026 dated January 30, 2026.

Additionally, the company has referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 in its latest communication to stock exchanges on March 13, 2026, confirming compliance with updated regulatory requirements.

This preferential issue represents a crucial step in the implementation of the NCLT-approved acquisition plan, facilitating the transition of Punj Lloyd Limited under the new ownership structure led by Adani Infra (India) Limited.