Pursuant to Reg. 30(2) of SEBI (LODR) Regulations, 2015 (SEBI LODR) read with Scchedule III of SEBI LODR we wish to inform you that in furtherance to our intimation sent to the Stock Exchnage(s) ....
Awaiting price reaction for this filing.
Punj Lloyd Ltd, currently under liquidation, has been granted a further 6-month extension by the NCLT (Principal Bench, New Delhi) to complete its liquidation process, now pushed to September 11, 2025. The company is conducting its 12th round of e-auction to sell assets including a going-concern sale (reserve price Rs 308 crore), arbitration assets (Rs 159 crore), and various land and plant & machinery parcels across Malanpur, Maharashtra, and Gujarat. In the October-December quarter, the Liquidator collected Rs 33.48 crore in sale proceeds and disbursed Rs 28.75 crore. The filing emphasizes that a going-concern sale is critical to preserve the company's ongoing EPC and defence projects with entities like NPCIL and NHAI, and to protect livelihoods of about 1,370 employees (369 direct, 1,000 indirect).
This signals continued distress and prolonged uncertainty for shareholders — Punjab Lloyd is still resolving its insolvency, and liquidation asset sales at reserve prices suggest limited residual value recovery for equity holders. Creditors are still receiving periodic disbursements from asset sales, but there is no indication of a revival plan succeeding.