Punj Lloyd Ltd

Governance and AGM updates

• 38th AGM on Sept 30, 2026, 10:00 AM, at 17-18 Nehru Place, New Delhi.
• To adopt standalone and consolidated financial statements for FY 2025-26.
• Appoints Shah Dhandharia & Co. LLP as Statutory Auditors for five-year term to 2031.
• Remuneration of Cost Auditors up to Rs 60,000 plus taxes ratified for FY 2025-26.
• Regularizes Vipin Goel as Non-Executive Non-Independent Director.
• Regularizes Kattunga Srinivasa Rao as Non-Executive Non-Independent Director.
• Regularizes Sushama Oza as Independent Director for three years.
• Regularizes Toral Rajput as Independent Director for three years.
• Regularizes Rahul Singh Tomar as Non-Executive Non-Independent Director.

Resignation details

• M/s Kashyap Sikdar & Co. resigns as statutory auditors of Punj Lloyd Ltd w.e.f. 11 August 2026.
• Shah Dhandharia & Co. LLP continues as the company's statutory auditors.
• Reasons for resignation: professional preoccupation and other professional commitments.
• Effective date of resignation: 11 August 2026.
• Annexure I contains regulatory disclosures per SEBI LODR requirements.

Board meeting

• Board to consider and approve standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Board meeting scheduled for Friday, 31 July 2026.

Trading window

• Trading window closed from 1 July 2026; reopens on 2 August 2026, 48 hours after results.

Reporting status

• The Registrar and Share Transfer Agent certifies that details of dematerialised/rematerialised securities were furnished to all stock exchanges.

Equity Allotment Details

• Board approved allotment of 500,000 equity shares at ₹2 each on March 24, 2026
• Total issue amount is ₹10,00,000 via preferential issue
• Shares are fully paid-up with face value ₹2 per share
• Post allotment, paid-up share capital totals ₹10,00,000

Allottee Breakdown

• Adani Infra (India) Limited and nominees allotted 475,000 shares for ₹9,50,000
• Dincum Growth Fund Mauritius allotted 25,000 shares for ₹50,000

Stakeholders Meeting on Liquidation

• 24th Stakeholders Consultation Committee meeting scheduled on 25 March 2026 at 3 PM
• Meeting to discuss developments in Punj Lloyd Ltd's liquidation process
• Meeting to be held at Punj Lloyd Corporate Office, New Delhi and via audio-visual mode

Preferential Issue

• Board approved preferential issue of 5 lakh equity shares at ₹2 each on March 12, 2026.
• Total issue amount: ₹10 lakh via private placement.
• Adani Infra (India) Limited allotted 4.75 lakh shares for ₹9.5 lakh.
• Dincum Growth Fund Mauritius allotted 25,000 shares for ₹50,000.

Regulatory Approvals & Board Changes ️

• Issuance follows NCLT orders dated February 12 and 17, 2026, related to Adani Infra's acquisition plan.
• New board appointed after discharge of suspended directors to implement acquisition steps.

📍 Preferential Issue

• Punj Lloyd approved preferential issue of 5 lakh equity shares at ₹2 each on March 12, 2026.
• Total issue amount is ₹10 lakh, allotted to Adani Infra (4.75 lakh shares) and Dincum Growth Fund (25,000 shares).
• Issue follows NCLT orders dated February 12 and 17, 2026, and board reconstitution for Adani Infra acquisition plan.

📍 Acquisition & Management Changes

• Adani Infra acquired Punj Lloyd Limited in liquidation, effective March 10, 2026.
• Sale certificate executed on March 10, 2026, for sale on a going concern basis.
• Three directors appointed w.e.f. March 10, 2026: Vipin Goel, Kattunga Srinivasa Rao, Rajeev Pal.
• Liquidator passed board resolution on March 10, 2026, appointing new directors and discharging suspended board.
• Mr. Atul Punj resigned as director on March 10, 2026, per NCLT orders dated Feb 12 & 17, 2026.

👔 New Directors’ Profiles

• Vipin Goel: CFO of Adani Infra since Aug 2016, Chartered Accountant, 30+ years in infrastructure finance.
• Kattunga Srinivasa Rao: Mechanical engineer, 30+ years in power and infrastructure project management.
• Rajeev Pal: 20+ years in industrial/infrastructure projects, PMP certified, IIM Raipur alumnus, project assurance head.