PUNJLLOYDNSEPunj Lloyd Limited· ConstructionLowNeutral
Announced Mon, 20 Jul · 21:59 IST
Cost Auditor SGTC Associates resigns citing ineligibility for FY2018-19
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Punj Lloyd informed exchanges that M/s SGTC and Associates, Cost Accountants, resigned as Cost Auditors for FY 2018-19 effective July 17, 2026. The firm cited ineligibility to continue in the role. The auditor separately confirmed no concerns with company affairs. Replacement cost auditor is yet to be appointed. Notably, the company is presently under Corporate Insolvency Resolution Process (CIRP).
Likely market impact
Procedural change for a back-year cost audit; minimal direct stock impact. Watch for replacement appointment and CIRP resolution progress.