Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : Pursuant to Reg. 30(2) of SEBI (LODR) Regulations, 2015 (SEBI LODR) read with Scchedule III of SEBI LODR we wish to inform you that in furtherance to our intimation sent to the Stock Exchnage(s) on January 09, 2025, The Hon''ble National Company Law Tribunal , Principal Bench, New Delhi (NCLT) has pronounced an order dated March 25, 2025 (copy attached) granting further extension of 6 (six) Monnths i.e. till Spetember 11, 2025 for completion of Liquidation Process
Awaiting price reaction for this filing.
Punj Lloyd Limited informed the stock exchanges that the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, has pronounced an order dated March 25, 2025, granting a further 6-month extension for completing the Liquidation Process, now extended till September 11, 2025. This is a continuation of the Corporate Insolvency Resolution Process (CIRP) that was previously communicated to the exchanges on January 09, 2025. The extension was filed under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The liquidation process, once completed, will likely result in the company's assets being sold off to repay creditors.
Negative for shareholders — the extended timeline signals continued distress and prolonged uncertainty, with the company moving towards liquidation rather than revival. Equity shareholders are typically the last to be paid in liquidation and may receive little to nothing, making the stock highly risky.