Punj Lloyd FY23 results approved with qualified audit opinion

Board approved audited FY23 results on June 1, 2026, filed about three years late. Auditor gave a qualified opinion flagging several issues: inventory not valued at net realisable value, no impairment review of fixed assets, unreconciled tax and statutory balances, and missing bank confirmations. The company has fully eroded net worth, reported a net loss, and current liabilities far exceed current assets. NCLT had ordered liquidation in May 2022, but Adani Infra India was approved as the acquirer in February 2026.