Punj Lloyd Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results
Awaiting price reaction for this filing.
Punj Lloyd Limited, currently under liquidation, has informed the exchanges about the continued delay in submitting its audited/unaudited financial results since April 2019, including for the quarter ended December 31, 2025. The company explains that it has been undergoing liquidation proceedings since the NCLT's order dated May 27, 2022, with the liquidation period extended till March 12, 2026. Significantly, on February 12, 2026, the NCLT approved Adani (Infra) India Limited's acquisition plan for the company on a going-concern basis under Section 60(5) of the Insolvency and Bankruptcy Code. The company is seeking to regularize the delayed financial filings at the earliest.
This is a major positive development for shareholders — the NCLT's approval of Adani Infra's acquisition plan means the company will likely continue as a going concern under new ownership, which could revive value for stakeholders. However, the continued delay in financial results (since FY19) raises governance and transparency concerns typical of companies in liquidation.