Punj Lloyd Board Appoints Two Directors, Approves Demerger Scheme
Punj Lloyd Limited appointed Mrs. Sushama Oza and Mrs. Toral Rajput as Additional Directors. The board approved audited financial results for FY26 and a scheme of arrangement for demerging its Indian EPC business to Adani Infra (India) Limited. The demerged undertaking's turnover was ₹209.13 crore.
The demerger of a significant business undertaking and the appointment of new directors are material events that will likely have a substantial impact on the company's future operations and structure.
The appointment of new directors and the approval of the demerger scheme are positive developments for the company's strategic restructuring and governance.
Punj Lloyd Limited announced a significant board meeting outcome on June 01, 2026. The board has approved and taken on record the appointment of Mrs. Sushama Oza and Mrs. Toral Rajput as Additional Directors (Non-Executive and Independent) for a term of three years, subject to shareholder approval. The board also constituted various statutory committees as required by SEBI regulations.
Furthermore, the company's audited financial results (standalone and consolidated) for the financial year ended March 31, 2026, were approved. The statutory auditors, M/s. Kashyap Sikdar And Company, issued an unmodified audit opinion on these results.
A major development is the approval of a scheme of arrangement for the demerger of the Indian EPC Business (excluding foreign EPC business and investment companies) from Punj Lloyd Limited (Demerged Company) to Adani Infra (India) Limited (Resulting Company). This scheme is subject to all necessary regulatory and statutory approvals, including from the National Company Law Tribunal. The demerged undertaking had a turnover of ₹209.13 crore as of March 15, 2026. The rationale for the demerger includes rationalizing organizational structure, consolidating similar businesses, improving operational coherence, and achieving economies of scale. The Resulting Company will issue Preference Shares to the eligible equity shareholders of the Demerged Company in consideration, and these preference shares will be unlisted.
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Punj Lloyd Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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