Punj Lloyd Limited has completed the divestment of its subsidiary Atna Investments Limited through a share purchase agreement with Diversified India Growth Fund. The transaction involves the sale of 99.99% shareholding and was executed on March 31, 2026, with completion on the same date.

Transaction Details

The key parameters of the divestment are outlined below:

Buyer Information

Diversified India Growth Fund serves as the acquirer in this transaction. The fund operates as an alternative investment scheme of Diversified India Growth Trust and holds registration as a Category II Alternative Investment Fund with SEBI under registration number IN/AIF2/25-26/1819. The fund operates through its Investment Manager, Dickey Asset Management Private Limited, in accordance with the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.

Transaction Structure

The divestment represents a complete exit from Atna Investments Limited, with Punj Lloyd retaining minimal shareholding after the transaction. The sale does not constitute a related party transaction, as confirmed by the company's disclosure. Key aspects include:

• Buyer Independence: Diversified India Growth Fund has no connection to Punj Lloyd's promoter, promoter group, or group companies
• Arm's Length Transaction: The deal was conducted on commercial terms without related party considerations
• Regulatory Compliance: The transaction falls outside the scope of Scheme of Arrangement provisions

Financial Impact

Atna Investments Limited contributed INR 5,63,000 in total revenue during the last financial year FY 24-2025. The subsidiary's divestment at INR 15.61 per share represents Punj Lloyd's strategic decision to exit this investment. The transaction was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency to stakeholders.

The completion of this divestment on March 31, 2026, marks the conclusion of Punj Lloyd's involvement in Atna Investments Limited, allowing the company to focus resources on its core business operations.

Punj Lloyd Limited has successfully completed the divestiture of its entire shareholding in Sembawang Infrastructure (India) Private Limited through a share purchase agreement with Diversified India Growth Fund. The transaction, formalized on March 31, 2026, represents a strategic move by the infrastructure company to streamline its subsidiary portfolio.

Transaction Details

The share purchase agreement encompasses the complete transfer of Punj Lloyd's 100% stake in Sembawang Infrastructure (India) Private Limited. Key transaction parameters are outlined below:

Buyer Profile and Regulatory Status

Diversified India Growth Fund operates as an alternative investment scheme under Diversified India Growth Trust. The fund maintains proper regulatory credentials, being registered as a Category II Alternative Investment Fund with SEBI registration number IN/AIF2/25-26/1819 under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. The fund operates through its Investment Manager, Dickey Asset Management Private Limited.

Importantly, the buyer has no connection to Punj Lloyd's promoter group or related entities, ensuring the transaction maintains arm's length characteristics and falls outside the related party transaction framework.

Subsidiary Financial Performance

Sembawang Infrastructure (India) Private Limited recorded no revenue during the last financial year FY2024-2025, indicating the subsidiary was non-operational or in a dormant state. This financial position likely influenced the nominal consideration structure of the transaction.

Regulatory Compliance and Disclosure

Punj Lloyd has fulfilled all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosures following the framework established in Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The transaction does not involve any scheme of arrangement under Regulation 37A of LODR Regulations, nor does it constitute a slump sale requiring additional amalgamation or merger-related disclosures. No special rights, director appointment privileges, or capital structure restrictions are associated with this divestiture.