Punj Lloyd Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results : This has reference to the provisions of Para B of Section III-A of Chapter III of SEBI Master Circular No. SEBI/HO/CFD/ PoD2/CIR/P/2023/120 dated July 11, 2023.In this regard, we would like to inform you that we have informed the Stock Exchange regarding delay in compilation of Audited / Unaudited Financial results of the Company since Financial year beginning from April 01, 2019 till date. We once again reiterate that:1. After the disapproval of lone Resolution Plan placed by the Resolution Professional (RP) before the CoC members, The Hon ble National Company Law Tribunal, Principal Bench New Delhi, (NCLT) has passed an order dated May 27, 2022, ordering Liquidation of the Corporate Debtor (Punj Lloyd Ltd.) as going concern, with further directions. Further, the Hon ble NCLT has vide its order dated September 23, 2025 ordered extension of the liquidation period of the Company till March 12, 2026. Further it is to bring to the attention of the Exchange that the Liquidator is currently conducting the liquidation process of the Company in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 (as amended) read with IBBI (Liquidation Process) Regulation, 2016 (as amended), The relevant disclosure(s) with respect to the above said orders and other material information regarding the developments in the course of Liquidation process of the Company have been duly informed to the Stock Exchange(s) from time to time.2. That due to unavoidable reasons, beyond the control of the Company there is delay in compilation of Audited / Unaudited Financial results of the Company since Financial year beginning from April 01, 2019 onwards till date. Further, it is hereby informed that the Unaudited Financial Results of the Company for the Quarter ended September 30, 2025 are delayed and under compilation.We assure you that best efforts are being made at every level to regularize the issue at the earliest.The Financial Results for the captioned period will be submitted in due course of time.
Awaiting price reaction for this filing.
Punj Lloyd has informed the stock exchange that its financial results have been delayed since FY2019-20 due to ongoing liquidation proceedings. The NCLT ordered liquidation of the company on May 27, 2022, after the lone resolution plan was rejected by the Committee of Creditors, and this liquidation period has been extended to March 12, 2026. The unaudited results for the quarter ended September 30, 2025 are also delayed and still being compiled. The company is being wound up under the Insolvency and Bankruptcy Code, 2016, with the liquidator managing the process.
With the company in active liquidation, equity shareholders are extremely unlikely to receive any meaningful recovery and the stock is essentially worthless. Expect continued trading restrictions and no timely financial disclosures going forward, making this a high-risk instrument for retail investors.