Punj Lloyd Attributes Delay in March 2025 Financial Results to Ongoing Liquidation Process

Mumbai, May 26, 2025: Punj Lloyd Ltd (BSE: 532693, NSE: PUNJLLOYD) has formally explained the continued delay in releasing both its audited and unaudited financial results for the quarter and financial year ending March 31, 2025.

Delay Stemming from Liquidation Proceedings

In a recent regulatory filing with the BSE and NSE, the company clarified that the delay, which originated in FY2019, remains unresolved due to ongoing challenges outside its control.

Punj Lloyd is currently undergoing liquidation as a going concern, pursuant to an order passed by the Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi, dated May 27, 2022. This liquidation period was recently extended until September 11, 2025, following a subsequent NCLT order issued on March 25, 2025.

The process is being carried out under the supervision of an appointed Liquidator in accordance with the Insolvency and Bankruptcy Code, 2016, and the IBBI (Liquidation Process) Regulations, 2016, including all applicable amendments.

Financial Compilation Underway

The company has confirmed that the preparation of its unaudited financial statements for Q4 and the complete financial year ending March 31, 2025, is actively in progress. Punj Lloyd has assured stakeholders that it remains committed to finalising and submitting the financial results “in due course.”

Company Secretary Offers Reassurance

Adhish Swaroop, Company Secretary of Punj Lloyd Ltd (In Liquidation), provided a statement to underline the company’s ongoing efforts:

“We assure you that best efforts are being made at every level to regularize the issue at the earliest.”

Corporate Background

A prominent name in the engineering, procurement, and construction (EPC) sector, Punj Lloyd has been under insolvency resolution since FY2019. The transition into liquidation followed the rejection of the sole resolution plan submitted during the insolvency process.

Since the initiation of liquidation, the company has consistently provided timely updates and official orders to the stock exchanges in compliance with disclosure norms.

As the liquidation proceedings continue under judicial supervision, stakeholders and market participants remain attentive to the company’s next course of action concerning its financial disclosures and progress in asset resolution.

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