Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : In terms of Securities and Exchange Board of India (Lisitng Obligations & Disclosure Requirements) Regulations, 2015 (LODR) read with Schedule III of LODR and in furtherance of disclsoure letter(s) dated February 12, 2026 , February 13, 2026 & further vide our disclosure letter dated 28, 2026 informing the Exchange that the Corporate Debtor (CD) has (i) entered into a Business Transfer Agreement dated February 28, 2026 (BTA) for sale of Defence Unit of the CD to Adani Defence Systems and Technologies Ltd. (ADSTL) (ii) Punj Lloyd Aviation Limited (PLAL) (a subsidiary of CD) had entered into a Sale Purchase Agreement dated February 28, 2026 (SPA) for sale of Shares of Air Works India (Engineering)Pvt. Ltd. (Air Works) to ADSTL, the “closing date” as provided under the BTA & the SPA has occured today (i.e. 10.03.26). The Defence Unit of the CD stands transferred to ADSTL and the shares of Air Works hled by PLAL are being processed for transfer to ADSTL. (detailed discl. letter attached) |SUBJECT: Corporate Insolvency Resolution Process
