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Blasters received two red cards but held on to Noah Sadaoui's first-half penalty.
Talented winger Mohammed Aimen last played on November 7 before suffering an injury.
The two sides played out a 1-1 draw in a Durand Cup game in August. But much has changed.
Blasters, who thrashed Mumbai City FC 8-0 in their opening match, have four points from two matches. Punjab too have four points from two outings.
Chenniayin, who have 27 points and have a game remaining, joined Mumbai City FC, Mohun Bagan Super Giant, FC Goa, Odisha FC and Kerlaa Blasters in the playoffs.
The match ended 3-3 after Carlos Martinez scored in the 84th minute.
Punjab FC’s next match is against Mumbai City FC on March 2, whereas Hyderabad FC will square off against NorthEast United FC on March 4.
It was the first defeat for the Staikos Vergetis-coached side since the league resumed late last month, having notched two consecutive wins since then.
Ivan Vukomanovic's team would be wary of Punjab FC coming to Kochi, having posted two consecutive wins in the ISL.
From among those who come with the correct answer, as many as 75 persons stand to get a free ticket.
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