PUNJLLOYDNSEPunj Lloyd Limited· ConstructionHighNegative
Announced Mon, 1 Jun, 2026 · 22:08 IST
Punj Lloyd Board Approves FY21 Audited Results Amid Liquidation and Adani Acquisition
Price reaction
Awaiting price reaction for this filing.
AI summary
Punj Lloyd board on June 1, 2026 approved audited results for FY ended March 31, 2021. The company entered insolvency in 2019 and was ordered into liquidation in May 2022 after the resolution plan failed. In February 2026, NCLT approved the acquisition by Adani Infra (India) Limited. The auditor issued a qualified opinion citing unassessed inventory value, missing impairment review, and unreconciled statutory dues. Net worth is fully eroded.
Likely market impact
FY21 results approval is procedural. Shareholders face severe losses as the company is in liquidation and being acquired by Adani Infra.