Punj Lloyd 31st AGM Held; Adani Infra's ₹281.10 Crore Bid for Company Accepted
Punj Lloyd's 31st AGM was held on October 29, 2025, where FY19 financials were adopted and new auditors appointed. Adani Infra's ₹281.10 crore bid for the company as a going concern was accepted.
The successful bid by Adani Infra for the company as a going concern has a high impact as it represents a major development in the corporate insolvency resolution process and offers a path forward for the company's assets and operations.
The acceptance of Adani Infra's significant bid of ₹281.10 crore is a positive step towards the resolution of the company under liquidation, indicating progress in the recovery process.
The 31st Annual General Meeting (AGM) of Punj Lloyd Limited (in Liquidation) was held on October 29, 2025, at 11:30 A.M. via Video Conference/Other Audio-Visual Means. Key proceedings and outcomes include: * Mr. Ashwini Mehra, Liquidator of the company, chaired the meeting. * The Audited Financial Statements and Audited Consolidated Financial Statements for the financial year ended March 31, 2019, were received, considered, and adopted. * Members approved the appointment of M/s. Kashyap Sikdar & Co., Chartered Accountants, as Statutory Auditors to fill a casual vacancy and for a five-year term. * Resolutions for the appointment of Auditors to Branch Offices and remuneration to Cost Auditors were also considered. * The Liquidator provided an update on the company's status, announcing that Adani Infra (India) Limited had submitted a bid of ₹281.10 crore for Punj Lloyd Ltd. on a going concern basis. * Adani Infra has already deposited ₹28.11 crore as earnest money. They have been declared the successful bidder in consultation with the Stakeholders Consultation Committee. * Remote e-voting was available from October 26-28, 2025, and an insta poll was conducted during the AGM. The meeting concluded at 12:27 P.M.
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Punj Lloyd Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Punj Lloyd Limited. Read the original for the full detail.