Punj Lloyd Limited — Others, 28-02-2026: Corporate Insolvency Resolution Process

Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : In continution of the announcement(s) dated February 12, 2026 & February 13, 2026 Further a meeting of the Liquidator with the successful bidder was conducted on February 28, 2026 wherein the detailed steps of implementation of the acquisition plan were discussed & auhtorisations for implementation of the acquisition plan were noted and the Corporate Debtor ( CD) has entered into a Business Transfer Agreement dated February 28, 2026 (BTA) for sale of (i)the Defence Unit of the CD to Adani Defence Systems and Technologies Ltd. (ADSTL) & (ii) Punj Lloyd Aviation Ltd. ( a subsidiary of CD) has entered into a Share Purchase Agreement on February 28, 2026 (SPA) for sale of shares of Air Works India ( Engineering) Pvt. Ltd. held by it to ADSTL in furtherance of implementation of the Acquisition plan and the NCLT order.