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Punj Lloyd LimitedOthers, 12-02-2026: Corporate Insolvency Resolution Process

12-02-2026 | 01:24 pm

Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : This is in furtherance to our earlier announcement dated October 18, 2025 regarding Adani Infra (India) Limited ("AIIL") being declared and approved as the successful bidder for acquisition of Punj Lloyd Limited ("PLL") on a going concern basis under Liquidation process. This is to update that the Hon''ble NCLT, Principal Bench, New Delhi on Feb. 12, 2026, has allowed the application relating to approval of the acquisition plan submitted by AIIL for acquisition of PLL on a going concern basis under the ongoing liquidation process. Please note that this disclosure is being made pursuant to the pronouncement of order by the NCLT. We are informing the Exchanges about the above development based on the pronouncement of an oral order as a matter of good governance since the formal written order is yet to be uploaded. Further updates in this regard will be made within twenty four hours of the final order being uploated on the NCLT website.

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