Punj Lloyd Limited has entered into a definitive share purchase agreement with Diversified India Growth Fund for the complete divestiture of its subsidiary Punj Lloyd Industries Limited. The transaction, formalized on March 31, 2026, represents a strategic move by the company to divest its entire shareholding in the subsidiary.

Transaction Details

The share purchase agreement encompasses the sale of 100% shareholding in Punj Lloyd Industries Limited to Diversified India Growth Fund. Key transaction parameters are outlined below:

Subsidiary Financial Performance

Punj Lloyd Industries Limited contributed INR 12,39,000 in total revenue during the last financial year FY 24-2025. This represents the subsidiary's complete revenue contribution to the parent company's consolidated financials.

Buyer Profile

Diversified India Growth Fund operates as an alternative investment scheme under Diversified India Growth Trust. The fund maintains the following regulatory credentials:

• Registration: Category II Alternative Investment Fund
• SEBI Registration Number: IN/AIF2/25-26/1819
• Investment Manager: Dickey Asset Management Private Limited
• Regulatory Framework: Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

Transaction Structure

The divestiture does not involve any related party transactions, as confirmed by Punj Lloyd Limited. The buyer has no existing relationship with the company's promoter, promoter group, or group companies. Additionally, Diversified India Growth Fund holds no prior shareholding in Punj Lloyd Limited.

Regulatory Compliance

Punj Lloyd Limited has disclosed this transaction in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the stock exchanges about this development on February 13, 2026, and has now provided detailed disclosure following the agreement execution.

Punj Lloyd Limited has announced the execution of a share purchase agreement with Diversified India Growth Fund for the divestment of its subsidiary Indtech Global Systems Limited. The transaction represents a significant corporate restructuring move as the company divests nearly its entire stake in the subsidiary.

Transaction Details

The share purchase agreement was executed on March 31, 2026, with completion also expected on the same date. Key transaction parameters are outlined below:

Subsidiary Performance

Indtech Global Systems Limited, the subsidiary being divested, reported total revenue of INR 4,93,000 in the last financial year FY 2024-2025. This financial performance data provides context for the divestment decision and transaction valuation.

Buyer Profile

Diversified India Growth Fund serves as the acquiring entity in this transaction. The fund operates as an alternative investment scheme under specific regulatory framework:

• Fund Structure: Alternative investment scheme of Diversified India Growth Trust
• Registration: Category II Alternative Investment Fund
• SEBI Registration Number: IN/AIF2/25-26/1819
• Investment Manager: Dickey Asset Management Private Limited
• Regulatory Compliance: Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

Regulatory Compliance

The transaction adheres to regulatory requirements under SEBI listing obligations. Important compliance aspects include:

The buyer has no connection to Punj Lloyd's promoter, promoter group, or group companies, ensuring the transaction's independence. The deal structure confirms it does not fall within related party transaction parameters and maintains arm's length commercial terms.

Corporate Communication

Punj Lloyd Limited filed the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier intimation dated February 13, 2026. The company secretary Adhish Swaroop executed the regulatory filing to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market notification of this material corporate action.