The detailed reason for dealy in submission of unaudited Quarterly results for yhe Quarter ended December 31, 2025 is attached.
Awaiting price reaction for this filing.
Punj Lloyd Ltd, currently under liquidation, has filed a disclosure explaining the delay in submitting its unaudited financial results for the quarter ended December 31, 2025. The company has been unable to compile quarterly results since April 2019 onwards due to the liquidation process underway under the Insolvency and Bankruptcy Code, 2016. The NCLT had originally ordered liquidation on May 27, 2022, and extended the liquidation period till March 12, 2026 via an order dated September 23, 2025. Notably, the filing reveals that on February 12, 2026, the NCLT approved the acquisition plan submitted by Adani (Infra) India Limited to acquire Punj Lloyd on a going concern basis under Section 60(5) of the IBC. The company stated that best efforts are being made to regularize the filing delay at the earliest.
The approval of Adani (Infra) India's acquisition plan is a significant material development that could signal a potential resolution and revival of the company for shareholders, though the deal's completion and shareholder treatment remain subject to further steps in the liquidation process. The continued delay in financial reporting keeps the stock non-compliant and limits price discovery for investors.