Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : This is to inform you that in terms of Regultion 32 B of The Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016, the Twenty First meeting of the Stakeholders Consultation Committee of Punj Lloyd Ltd. is scheduled to be held on 19th August , 2025 at 2.30 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 the Liquidation sale process of the Company (including sale of teh Company on going concern basis).
Awaiting price reaction for this filing.
Punj Lloyd Limited, which is currently in liquidation, has called its 21st Stakeholders Consultation Committee meeting on 19th August 2025. The meeting will discuss the way forward for the liquidation sale process of the company, including the possibility of selling the company as a going concern. The company is signing the letter as 'In Liquidation', confirming that insolvency proceedings have already moved past the resolution stage. The meeting will be held at the corporate office in New Delhi and also via audio-visual mode.
The stock remains in a distressed state with liquidation proceedings underway. Any sale as a going concern could offer some recovery hope for shareholders, but liquidation typically means significant loss of value for equity holders, who are last in the priority list after creditors.