Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : ursuant to Regulation 30(2) of SEBI(LODR) Regulations, 2015 (LODR)read with Schedule III of SEBI LODR we wish to inform you that in furtherance of to ur intimation sent to the Stock Exchnage(s) on April 21, 2025, The Hon''ble National Company Law Tribunal, Principal Bench, New Delhi (NCLT) has pronounced an order dated September 23, 2025 (copy attached) granting further extension of 6 (Six) Months i.e. till March 12, 2026 for completion of Liquidation process.
Awaiting price reaction for this filing.
Punj Lloyd Limited has informed the stock exchange that the National Company Law Tribunal (NCLT), Principal Bench in New Delhi, has passed an order dated September 23, 2025 granting a further 6-month extension for completing the company's Liquidation process, now pushed to March 12, 2026. This follows a previous intimation sent on April 21, 2025. The company is already in the Liquidation phase under the Insolvency and Bankruptcy Code (IBC), meaning a resolution plan could not be successfully implemented and the company's assets are being wound down to repay creditors.
This is negative for shareholders, as liquidation typically results in minimal or no recovery for equity holders, who are last in the priority of payouts. The further extension also delays any final resolution, prolonging uncertainty for investors.