Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : Pursuant to Reg. 30(2) of SEBI LODR, Regulations, 2015 (LODR) and in accordance with the requirements of Schedule III of LODR, we wish to inform you regarding the outcome of 19th Stakeholders Consultation Committee Meeting (SCC) of Punj Lloyd Ltd. held on April 23, 2025. The Liqudator (LQ) of the Company informed the SCC members regarding the developments which have taken place in the ongoing sale process involved in Liquidation of the Company on going concern basis. Thereafter the LQ of the Company discussed the way forward to complete the above said process.

Nclt Insolvency AdmittedRegulatory & Legal View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Punj Lloyd Limited held its 19th Stakeholders Consultation Committee Meeting on April 23, 2025. The Liquidator briefed committee members on the latest developments in the ongoing sale process for the company's liquidation on a going concern basis. The committee also discussed the way forward to complete this liquidation process. The filing was made under SEBI Listing Obligations and Disclosure Requirements.

Likely market impact

This is a procedural update from a company already in liquidation, so there is no fresh negative shock for shareholders. However, it confirms that shareholders continue to face uncertainty about the final recovery value, which is likely to be minimal given the liquidation stage.