Punj Lloyd Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results ; Disclosure regadign reason for delay in submission of financial results for the Quarter and Year ended March 31, 2025 in terms SEBI Master Circular No.SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023
Awaiting price reaction for this filing.
Punj Lloyd Limited, which is currently in liquidation, has informed the stock exchanges that its financial results for the quarter and year ended March 31, 2025 are delayed and still under compilation. The company has not submitted audited or unaudited financial results since the financial year ended March 31, 2019. The NCLT ordered liquidation of the company on May 27, 2022, after the lone resolution plan was rejected by the Committee of Creditors, and the liquidation period has been extended until September 11, 2025. The delay is attributed to circumstances beyond the company's control arising from the ongoing liquidation process under the Insolvency and Bankruptcy Code, 2016. The company stated that best efforts are being made to regularize the delay and that results will be filed in due course.
This is a strongly negative signal for shareholders — the company remains in liquidation with no financials filed in over six years (since FY2019), indicating that equity holders are unlikely to recover meaningful value. The extended liquidation timeline further suggests prolonged uncertainty and continued risk of total loss for shareholders.