Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process - Outcome of the Board Meeting held on June 01, 2026 inter alia for consideration and approval of Audited Financial Statements for the year ended March 31, 2022.
Awaiting price reaction for this filing.
Punj Lloyd Limited, which is currently undergoing a Corporate Insolvency Resolution Process (CIRP), held a Board Meeting on June 01, 2026 where it approved the Audited Financial Statements for the financial year ended March 31, 2022. The approval comes with a significant delay of several years from the original reporting period, which is common for companies under insolvency proceedings. The company continues to operate under the insolvency framework, meaning its management and operations are subject to oversight by the Resolution Professional appointed by NCLT.
This filing confirms that Punj Lloyd remains under insolvency proceedings, with no resolution yet in sight. Shareholders face continued uncertainty as recovery depends on the outcome of the CIRP. The delayed financial reporting and ongoing insolvency status signal serious financial distress and likely negligible equity value for current shareholders.