Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : This is to inform you that in terms of Regulation 32 B of the IBBI (Liquidation Process) Regulations, 2016, The Twentieth meeting of the Stakeholders Consultation Committee of Punj Lloyd Ltd. is scheduled to be held on 10th June, 2025 at 3.00 P.M. at Punj Lloyd Limited, Corporate Office, Plate No. 2, Second Floor, Tower No. 2, NBCC Plaza, Sector V, Pushp Vihar, Saket, New Delhi - 110017 as well as through Audio & Visual mode, to discuss the way forward in Liquidation sale process of the Company (including sale of the Company on going concern basis).
Awaiting price reaction for this filing.
Punj Lloyd Limited, which is currently in liquidation, has informed the stock exchanges that the 20th meeting of its Stakeholders Consultation Committee will be held on June 10, 2025. The meeting will discuss the way forward in the liquidation sale process, including the possibility of selling the company as a going concern. The notice is filed under the IBBI (Liquidation Process) Regulations, 2016. The company is represented by its Company Secretary in the capacity of a liquidating entity.
For shareholders, this signals that the company's insolvency proceedings have moved into the liquidation phase, with active efforts to sell the business or its assets. Shareholders are unlikely to recover significant value, as liquidation typically results in limited or no returns to equity holders after creditor dues are settled.