PUNJLLOYDNSEPunj Lloyd Limited· ConstructionCriticalNegative
Announced Mon, 1 Jun, 2026 · 22:12 IST
Punj Lloyd board clears FY20 audited results; Adani takeover NCLT-approved
Nclt Insolvency AdmittedNclt Resolution ApprovedRegulatory & Legal View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Punj Lloyd board on June 1, 2026 approved audited financial statements for FY ended March 31, 2020. The company was admitted to CIRP in March 2019, which failed, leading to a liquidation order in May 2022. Adani Infra won the e-auction and NCLT approved its acquisition plan in February 2026. Auditor gave a qualified opinion citing unreconciled balances, missing impairment checks, and expired overseas branch registrations.
Likely market impact
Adani Infra takeover NCLT-approved in Feb 2026. Original shareholders lose equity as company was acquired during liquidation.