NewsPunj Lloyd Limited Announces Preferential Issue of 5,00,000 Equity Shares to Adani Infra and OthersPunj Lloyd Limited Announces Preferential Issue of 5,00,000 Equity Shares to Adani Infra and Others
Punj Lloyd Limited has approved a preferential issue of 5,00,000 equity shares valued at ₹10,00,000 on private placement basis. The shares, with face value of ₹2 each, will be allocated to Adani Infra (India) Limited (4,75,000 shares for ₹9,50,000) and Dincum Growth Fund Mauritius (25,000 shares for ₹50,000). This issuance follows NCLT-approved acquisition plan and represents a key step in the company's transition under new ownership structure.
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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.
| Particulars: | Details |
|---|---|
| Type of Securities: | Fully paid-up Equity Shares |
| Total Shares: | 5,00,000 |
| Face Value: | ₹2 per share |
| Issue Price: | ₹2 per share |
| Total Amount: | ₹10,00,000 |
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.
| Allottee: | Shares Allocated | Consideration Amount |
|---|---|---|
| Adani Infra (India) Limited: | 4,75,000 | ₹9,50,000 |
| Dincum Growth Fund Mauritius: | 25,000 | ₹50,000 |
| Total: | 5,00,000 | ₹10,00,000 |
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.
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